Real Estate News

Homes for Sale in Davenport FL

Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Freddie Mac, along with Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors, is calling for mortgage rates to continue to rise over the next four quarters.

This has caused some purchasers to lament the fact that they may no longer be able to get a rate below 3.5%. However, we must realize that current rates are still at historic lows.

Here is a chart showing the average mortgage interest rate over the last several decades:

Mortgage Interest Rates Are Going Up… Should I Wait to Buy? | Keeping Current Matters

Bottom Line

Though you may have missed getting the lowest mortgage rate ever offered, you can still get a better interest rate than your older brother or

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Every year at this time, many homeowners decide to wait until after the holidays to put their homes on the market for the first time, while others who already have their homes on the market decide to take them off until after the holidays.

How Much is Your Davenport FL Home Worth?

Here are seven great reasons not to wait:

  1. Relocation buyers are out there. Many companies are still hiring throughout the holidays and need their employees in their new positions as soon as possible.
  2. Purchasers who are looking for homes during the holidays are serious buyers and are ready to buy now.
  3. You can restrict the showings on your home to the times you want it shown. You will remain in control.
  4. Homes show better when decorated for the holidays.
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By Ralph McLaughlin - Trulia  

Unlike the stock market, housing has actually lost steam

Homes for Sale in Davenport FL

A surprise election victory last November brought about uncertainty across some sectors of the economy, including housing, but some parts of the economy – such as the stock market – have seen a sharp rise in performance. However, this “Trump Bump,” as some call it, is missing from the housing market. We find that a majority of U.S. counties’ housing markets have not experienced a “Trump Bump” during Trump’s first year in office. While some housing market indicators – such as building permits – are doing well, others – such as home values, rents, and the value of construction – are softening

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Low Down Payment Home Loans For First-Time And Repeat Buyers

The biggest barrier to homeownership today is the mortgage down payment. But it doesn't have to be.

Homes for Sale in Davenport FL

According to the National Association of Realtors, 87% of first-time buyers think they need 10% or more down to buy a home.

That’s simply false.

In fact, the average down payment for first time buyers today is just 6%. And, a number of programs require no down payment at all.

If you’re “stuck” trying to raise enough down payment money, you must read this entire article.

What Is A Down Payment?

A down payment is a portion of the purchase price that a buyer pays from his or her own funds. A 10% down home purchase is structured as follows.

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Wondering what's considered a good credit score - and how to improve yours? Read on.

Ever wonder what is a good credit score, and why this little three-digit number is so crucial to your financial well-being? Can it really affect your everyday life? And what kind of control do you have over it? In this guide to credit score ranges, we’ll tackle all of these questions. We’ll take a look at what your credit score means, what’s considered a good score (and what’s a bad one), how your credit score can help or hurt you, how to improve your credit score, and much more.   Homes for Sale in Davenport FL  

Credit Score Ranges at a Glance

The two most commonly used credit scores are those issued by Fair Isaac Corp.

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Few things in life are as less fun as moving. Relocating is, in fact, one of the most exhausting and stressful things a family typically has to go through at least once. Some have even moved dozens of times in their lives.

But since relocating to another address is necessary and inevitable in most cases, the best thing you can do is to make it as less stressful as you can make it. Avoiding the following moving mistakes would be a great place to start:

Doing the grunt work yourself

We understand the need to handle your precious belongings personally, but can’t you at least limit it to stuff you are actually capable of carrying? Sure, you might save some money if you passed on hiring movers to do the grunt work yourself but getting hospitalized

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Though existing home sales are poised for a comeback in 2018, a few hurdles stand in their way. According to Lawrence Yun, an industry-leading economist, continuing inventory shortages and the GOP’s latest tax bill are prime among them.

Yun, Chief Economist for the National Association of Realtors (NAR), told audiences at the 2017 REALTORS Conference & Expo on Friday that existing home sales should jump about 3.7 percent next year, hitting just under 5.67 million. The median existing home price is forecasted to rise even further–about 5.5 percent, Yun said.

Still, positive indicators aside, according to Yun a number of things could hold the market back in 2018–namely, the tax bill released by the House Ways and Means Committee on Thursday. According

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The size of new homes has been growing for decades now, but it’s coming at the expense of yard space

America’s homes are getting bigger, but more space comes at a price: the backyard.

New single family homes are using land relative to home size at near-record levels, even after considering the number of stories homes have.

It’s a trend that has been taking shape for much of the past three decades as lot sizes continue to shrink and home square footage continues to grow. Homes built since 2015 occupy 25% of the land on which they sit, while homes built in 1975 occupy just 13.9%.

Many people like the idea of living in a single-family home and having a yard to call your own along with some space between

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What do I need to buy a house?

With some careful prep work in the next few months, your family could be in a new home by summer.

 

Now is the time to get things in order for a home search next year.

If you’re thinking about buying a home in 2018, November and December are the perfect time to “warm up” for the house hunt so you can hit the ground running in the new year. And whether you’re looking in Davenport FL, or anywhere else in the U.S., the prep work is relatively the same.

We’ve asked real estate and mortgage professionals to chime in about what prospective homebuyers should do to ready themselves for buying a home. From organizing your finances to save money to finding a real estate agent and mortgage lender, there is plenty to keep you

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50/20/30 rule By Lori Johnston - Trulia  

Wondering how to budget your money? This simple formula makes it easy.

Managing your money is imperative to help you find the best home within your budget. And no, back of the napkin math won’t cut it. Not only do you need to organize, but you also have to make difficult budgeting decisions about how to spend your cash. This can be overwhelming, but there’s one smart and simple strategy that makes budgeting a breeze. It’s called the 50/20/30 rule, and it can help you track how much you spend and where you can save more, by bucketing your finances into three categories: living essentials, savings, and personal spending. Here’s how it works.

Homes for Sale in Davenport FL

What it

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