Real Estate News

Real Estate News in the Central Florida Area and Around the Country.

Found 434 blog entries about Real Estate News.

Renters are finally setting their sights on homeownership, according to an analysis released by credit reporting agency TransUnion on Thursday. In Q1 of 2017, a whopping 55 percent of all home shoppers were non-homeowners or renters.

The share of renter home shoppers represents a marked uptick over previous years. In Q1 2016, half of all shoppers were non-homeowners or renters. In the same period 2015, only 45 percent were.

According to Mike Doherty, Senior Vice President of Rental Screening Solutions at TransUnion, this trend will likely continue over the coming years—and multi-family property owners should brace for the impact.

“The rental market has seen sustained growth for the last several years, but occupancy rates have flattened from their

37 Views, 0 Comments

Fannie Mae BHThe U.S. is embarking on its ninth year of economic expansion and Fannie Mae is predicting economic growth rebound. According to their Economic & Strategic Research Group’s June 2017 Economic and Housing Outlook, second quarter economic growth will rebound to 2.9 percent from last quarters 1.2 percent. Consumer spending growth is expected to return to its traditional role as the biggest contributor to economic growth, picking up to 3.1 percent this quarter from 0.6 percent in the first quarter. Fannie Mae said moderate growth is expected to continue into next year, however uncertainty in fiscal and monetary policy makes the forecast a little difficult.

“This month marks the eighth anniversary of the U.S. economic expansion, the third-longest of the

44 Views, 0 Comments

As real estate agents say, “location, location, location”—and that means if you’re located near a Whole Foods or Trader Joe’s, according to research from Zillow.

Previously, Zillow’s research showed that homes near a Starbucks appreciated quicker than homes near a Dunkin’ Donuts, but now they are finding that, based on 375 Whole Foods locations and 451 Trader Joe’s, the gap between home values near these stores and the typical U.S. home is even more pronounced than that of Starbucks.

In order to research this information, Zillow took a one-mile radius around the selected stores to get 1.3 million total homes near Whole Foods and 1.5 million for Trader Joe’s and then they tracked the median value of the homes. Generally, homes near Trader Joe’s were

51 Views, 0 Comments

There are several cities across the United States where these factors exist today — places where you can buy high cash flow rental property while prices are still low (around $100,000 in many cases), and watch your equity grow.

In this article you’ll learn about 13 of these “best-buy” real estate markets for the year 2017. Find out what makes them great places to invest and why.

The Best Places to Buy Rental Property in 2017: Orlando

#1: Orlando, Florida

The demand for single family homes has been on the rise in the Sunshine State for quite some time. Still, it’s possible to acquire fully renovated properties in good Florida neighborhoods for under $120,000. Plus, you can rent them for upwards of 1% of the purchase price.

What’s even more interesting is that, despite these incredibly low

96 Views, 0 Comments

Federal Reserve farThe Federal Open Market Committee voted Wednesday to raise interest rates for the second time this year to 1-1.25 percent, a move that was widely expected amongst economists and industry professionals and described as “prudent” by FOMC Board of Governors Chair Janet Yellen.

Back in March, they voted to increase the rate a modest quarter of a point to maintain the Fed’s goal of maximum employment and market stability.

The FOMC is of the opinion that waiting too long to scale back accommodations could potentially cause a rapid increase in rates, which could disrupt the market and send the economy into another recession. June’s rate increase reflects this continued belief, and follows Janet Yellen’s comments from March that, “we continue to

58 Views, 0 Comments

For Rent Three BHAs housing inventory continues to tighten, would-be homeowners are being driven toward renting—and the apartment market is struggling to keep up. According to a new study commissioned by the National Multifamily Housing Council and the National Apartment Association, the U.S. will need 4.6 million new apartments by 2030 in order to keep up with demand—or 325,000 every year.

According to the study, about 1 million new renter households were formed every year over the last five years. This steep jump is caused, in large part, by consumers delaying housing purchases.

“Life events such as marriage and children are the biggest drivers of home ownership,” Rental Housing Journal reported. “In 1960, 44 percent of all households in the U.S. were

50 Views, 0 Comments

Finding safe refuge during a dangerous hailstorm or hurricane can pose its own set of challenges, but the greater difficulty often presents itself once the storm subsides. How do you handle the aftermath and resulting property damages? 

For homeowners, storm preparedness requires more than keeping a few cases of water on hand, though that is certainly a start. But the need for proper preparation definitely doesn’t apply only to homeowners. Damages can reach well beyond a storm’s physical path to impact all parties involved with a property. What steps can you take as an investor, aggregator, bank, or servicer to protect yourself and your interests this hail and hurricane season? 

The first line of defense is to arm the people actually living in

66 Views, 0 Comments

A home inspector reviewing home for a inspection contingency By Sam Brannan  

Removing contingencies from your offer can easily backfire. In fact, there are a few you'll want to keep -- no matter what.

In hot real estate markets like San Francisco or New York, buyers often have to go the extra mile to make their offer stand out. Some buyers offer sizeable down payments, others write strategic offer letters, some even drop cookies at the door.

And in markets where multiple offers are the norm, it’s not uncommon to waive contingencies, which give buyers the right to back out of contracts under certain circumstances.

But not so fast. . .While removing a contingency could result in a faster transaction and be attractive to a seller, you could find yourself paying for the

74 Views, 0 Comments

Genworth Mortgage Insurance recently released their inaugural report on first-time homebuyers. Source data dates back to 1994 and analyzes over 20 million records.

The survey tracks home sales to first-time homebuyers on a monthly basis, publishes quarterly, and compares the data against national housing market indicators. It is also singles out and identify homebuyers that purchased their home using a VA loan, USDA loan, FHA loan, or with a low downpayment coupled with mortgage insurance instead of the traditional 20 percent downpayment that has historically been required.

The report found that this demographic accounted for 424,000 single-family home sales, or 38 percent of the total homes sold in Q1 of 2017. This amount is an 11 percent

68 Views, 0 Comments

Flipping homes is a thrill, but don't forget your own home's potential. Enjoy that new-home feeling again with these simple tips.

If you’re anything like me, you may find that it’s all too easy to get caught up in the rush of flipping houses. I’ll admit — buying an old house, fixing it up, and flipping it for a profit is pretty exciting. But if you get too distracted by flipping houses, it’s easy to let your own home fall by the wayside.

While profitable remodeling projects can be more tempting to work on, you can still benefit from tackling projects in your own home. Remodeling your home will not only up its value, but also improve the way you feel about it. After all, who wouldn’t love to cook in a newly remodeled kitchen?

Here are five easy,

58 Views, 0 Comments