A new study by Zillow found that it takes 11 years for a single homebuyer to save for a 20% down payment, which is 6 years longer than it takes a couple. The good news is that many homebuyers qualify … [Read more...]
Renters Looking To Buy Before Mortgage Rates Rise
Over the last few months as housing inventory has shrunk, home prices have risen, mortgage rates have risen from their historic lows, and increasing numbers of renters have been searching to buy a … [Read more...]
Tax Reform Expected to Boost Housing Demand
Thanks to recent tax reform, we are already experiencing a boost to the economy resulting in economic growth. According to a recent Fannie Mae Economic and Housing Outlook, an increased amount of … [Read more...]
Home Prices Projected To Go Up – Now is a Good Time to Buy
If you are thinking about buying a home, now might be a good time to make a move. Home prices are expected to rise over the next year, so buying a home sooner than later might save money. Home Prices … [Read more...]
U.S. Housing Inventory at Crisis Levels, Including Tampa and Orlando
According to a new report from Zillow, the U.S. housing inventory is about to reach crisis levels. This is because the number of available homes in some of the most sought-after neighborhoods has … [Read more...]
It’s Better to Buy a Home in Tampa Than Rent for 2018
It is better to buy a home in Tampa than it is to rent in 2018, according to a recent report. Factors positively affecting the housing market include the supply of affordable homes, job growth, and … [Read more...]
Florida’s 2018 Economy and Housing Market Projected To Remain Strong
Florida’s economy is expected to be strong through 2018, according to a new report from Malena Carollo at The Tampa Bay Times. The report focuses on the state unemployment rate to forecast the health … [Read more...]
90 % of Mortgage Borrowers Prefer Person-To-Person Communication with Lenders
Whenever we make a major decision, we like to personally talk to the people who are most involved. So, it makes perfect sense that mortgage borrowers still prefer person-to-person communication with … [Read more...]
24% of U.S. Homes Sold in 2017 Sold Above List Price
In a report from Zillow, 24.1% of U.S. homes sold in 2017 were sold for above list price, which is an average of $7,000 (3.1%) over list price. This is an increase from 17.8% in 2012. In certain areas … [Read more...]
The Home Purchase Sentiment Index (HPSI) Dipped To 85.8 In December 2017
Fannie Mae released the Home Purchase Sentiment Index (HPSI) for December 2017, and it shows a reversal in what we have seen in recent months: a decrease of 2.0 points to 85.8. While this isn’t a … [Read more...]
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