More Boomerang Buyers Are About To Enter The Market

We previously informed you about a study conducted by TransUnion titled, “The Bubble, the Burst and Now – What Happened to the Consumer?” The study revealed that 1.5 million homeowners who were negatively impacted by the housing crisis could re-enter the housing market between 2016-2019.

(Homes For Sale in Davenport FL)

Recently, HousingWire analyzed data from the US Bankruptcy Courts and revealed that 6 million Americans will have their bankruptcies disappear off their credit reports over the next five years and that this could “possibly send a flood of more homebuyers into the housing market.”

The chart below shows the total number of bankruptcies filed by year in the US over the last 10 years. The light blue bars represent over 3.3 million…

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What Is a Real Estate Agent’s Commission?

By Trulia   

It’s your money. Why not try to keep as much of it as you can?

Where does 6% of your home sale go? A lot of different places …

Working with a real estate agent in Davenport FL, is par for the course when buying or selling a home, so it’s good to know how they get paid for their real estate commission, what specific duties they should or shouldn’t be involved in, and their role in helping you into the home and neighborhood that best suits your lifestyle.

Typically, a real estate agent is paid on commission based on a home’s sale price. (In certain cases, their commission is a flat fee.) When a commission is based on a percentage, the agents get 6%— split between the buyer’s agent and the seller’s agent—and always…

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Agents sell homes for more than FSBOs: study

Contradicting previous research, new study finds FSBOs sell at discount

Key Takeaways

Agents tend to achieve higher sales prices for properties than comparable FSBO listings, enough to offset their commission fee, according to a recent analysis.

Academic research has often cast doubt on the value of real estate agents, but a new study will come as music to their ears. It suggests that homeowners will net roughly the same proceeds whether they sell through a real estate agent or take the FSBO (for-sale-by-owner) route. That’s because agents tend to achieve higher sales prices for properties than comparable FSBO listings — enough to offset their commission fee, according to an analysis released by automated valuation model (AVM) provider Collateral…

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Why Right Now Is A Good Time For Millennials To Buy A Home

Many young people are beginning to enter the next stages of their lives, and those stages can include more permanent jobs, children, marriage, and even home ownership. While many millennials are hesitant to consider buying or building a home, now may be the best time to break into the housing market. Click here to find a home in Davenport FL.

Here are just a few reasons that now is the best opportunity for millennials to shop in high-value areas, such as real estate in San Diego, CA, for example. No time is too early when it comes to establishing a future for yourself, and the future has never looked brighter for young people to begin buying homes.

• The price of rentals is rising…and rising! It’s becoming harder and harder for people to afford…

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Single Family Rentals: How Does it Affect Homebuyers?

By now you’ve probably heard of the huge business deal that closed in the single-family rental (SFR) market last week. If not—Invitation Homes and Starwood Waypoint Homes, two of the largest SFR landlords merged. It was a $4.3 billion dollar deal with a combined 82,000 homes in 17 metro areas. Pocket change, right?

The merger brought up important questions among homebuyers and renters, especially considering the Wall Street Journal described the deal as one that will no longer make homeownership essential to the American dream as more consumers choose to rent. According to the Urban Institute, the trend of consumers switching to renting will continue as more people delay marriage and children until their thirties, but that doesn’t mean that Americans…

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How to Buy a Home Even if You Have Bad Credit

Protect your credit score by reviewing it for mistakes, so you'll be ready to start the home buying process when you find a place you love.

Experts Answer Your Top Questions About Buying a Home With Bad Credit

Your credit score is one of the crucial determining factors in whether you can qualify for a mortgage in Davenport FL. “The higher your score, the less risky you appear on paper,” says Staci Titsworth, a regional manager at PNC Mortgage in Pittsburgh, PA. If that sends shivers up your spine, keep reading. We’re here to help.

The reality is that the average U.S. household has over $15,000 in credit card debt. You’re not alone if you’re wondering: Can I even try buying a home with bad…

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How Much Mortgage Can You Afford?

Before you start scheduling showings or visiting open houses, make sure you have an accurate idea of your budget and how much mortgage you can afford.

Before you plan to spend the maximum amount you’ve been approved for, consider whether you can really afford the mortgage your lender offers.

According to the latest data from Trulia, the median selling price for a home is $192,000. That’s far more than most of us could afford to pay in cash, and why most of us take out a mortgage. But don’t rely on a lender to tell you how much of your monthly income you can comfortably spend on your home. They may let you borrow the maximum possible amount, but that doesn’t mean you should—or must—take them up on the offer.…

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Stretching the Dollar

It’s important to find a job that is both rewarding and in an area buyers enjoy—but what about being in an area that will produce the most income? You can check out where Orlando Florida Ranks, Thanks to research by Trove Technologies, a technology company that helps customers pack, move, and store personal and household items as well as maximize excess inventory of small, locally based moving companies, there is a list of regions that not only produce the most income for a chosen profession, but will also stretch that dollar further than other areas.

Trove Technologies took the salaries from 770 professions, considering cost-of-living and tax data in 195 U.S. cities, and organized the best and worst professions in each state, keeping in mind what…

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Home prices are rising and inventory is low - Is there a Bubble Ahead?

Home prices are rising and inventory is low in Davenport FL - sound familiar? That fact has been talked about nearly to death, but it’s for good reason. Though it means that housing confidence is up and on a positive trajectory, it also means for certain areas that we could be headed for a correction.

Eight in 10 American’s, or 79 percent, say that homeownership is still a part of the American Dream, which is why ValueInsured has ranked the Housing Confidence Index score at 68.7 on a hundred-point scale. However, the expectation that homes will continue on their value path has decreased significantly.

According to ValueInsured, 57 percent of the American homeowners that were surveyed think their area is overvalued and home prices are unsustainable.…

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Homeownership: Not Just for the Wealthy

Low-income households have struggled for many years to obtain the American Dream of homeownership in Davenport FL, however that’s beginning to change. According to Trulia, economic inequality is still a subject that the U.S. is handling. They study homeownership inequality by the gap between the bottom third share of homeowners versus the top third, omitting retirees.

In Americas 100 largest metros, households with higher-income own homes at as much as 4.4 times the rate of those at the bottom. Though the historical trend has shown the market as off limits to low-income homebuyers, now that isn’t true for every metro. The average age of a cities population, the magnitude of a housing market’s price range, income inequality, and how long people stay in…

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