With all the positive things happening with the market, it’s no wonder that the trend for this Fall is Luxury!
According to RemodelOrMove.com they are reporting that a remodel of this magnitude may actually be as expensive as buying a new home.
Financing a Home
Don’t get overwhelmed with one of the most important buying decisions in your life. We discuss new home financial topics including marketing information and the new home building, buying and selling processes.
Florida Consumer Confidence!
A University of Florida survey shows that consumer confidence hit a five-year, post-recession high in Florida this month!
Is Renting Better Than Buying?
Sometimes renters have a misconception that renting is the “safe” way to go versus becoming a homeowner. But what are the facts? According to Census data, 20 million rental households last year spent at least half of their income on rent. These are the highest numbers we’ve seen in 7 …
Florida’s housing market continues positive trend!
Florida’s housing market had more closed sales, more pending sales, higher median prices and a reduced inventory of homes for sale in August, according to the latest housing data released by Florida Realtors®. Read Full Article Here
U.S. housing starts rose 2.3% in August
With the pace of single-family home construction faster than it’s been in more than two years, The Commerce Department said that construction of homes and apartments rose 2.3 percent to a seasonally adjusted annual rate of 750,000 last month, which is up from 733,000 in July. Read Full Article Here
Home Prices on the Rise
Recent housing indexes have shown single-family home prices are on the rise, providing more evidence that the “bottom” of the market is already behind. “We’re wiping out just about all of the decline,” Joel Naroff, chief economist at Naroff Economic Advisors, told NBC.com about recent housing data showing home prices …
Make sure your builder is financially SOLID
Question Asked: Our family is ready to build a custom home. We are concerned about making the “wrong choice” due to the current economic situation; we want to make sure the builder is financially SOLID. How do we protect ourselves? The Fredrick’s – St. Johns, FL Response Given: With the …
To buy a short sale, foreclosure or new build?
Question Asked: I know there are a lot of great deals in the market in short sales and foreclosures. Why should I have a home built when there is so much to choose from already built? Response Given: I bet you can predict what a builder would say about this …
Mortgage Rates for Buying Florida Homes
As we reach the mid-point of 2011, mortgage interest rates are at about 4.5% on a conventional, 30-year loan, according to Freddie Mac, the national mortgage company. To track mortgage rates, go to Freddie Mac. Rates have been on a downward trend this year and have reached their lowest point …
Housing & Economic Forecasts Show Rising Activity
Expect 5.3 million existing-home sales this year, up from 4.9 million in 2010, with additional gains in 2012 to about 5.6 million – that’s a sustainable level given the size of our population. According to GoToby.com, home sales are expected to stay on an uptrend through 2012 and mortgage interest …