Real Estate News in the Central Florida Area and Around the Country.
Found 411 entries about Real Estate News.
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The Department of Housing and Urban Development (HUD), in conjunction with the U.S. Census Bureau released its report on New Residential Sales for November 2017 on Friday.
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The sales figures were seasonally adjusted and came to an estimated 733,000, an increase of 17.5 percent (plus or minus 10.4 percent) from October’s revised rate of 624,000—representing the highest level since July 2007. Additionally, figures increased 26.6 percent (plus or minus 16.6 percent) of November’s estimate a year prior, which totaled 579,000.
New houses sold in November had an average price of $318,700; the median sales price came to $377,100. The report also figures that, at the end of…
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Looking to buy a home in 2018? Use highlights from Trulia's research on 2017's home buying trends to help you make the smartest moves.
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Trulia’s economics research team has spent the year digging into exactly what’s going on out there: How quickly deals are being done, who’s making them, how many are falling through. We looked into where the market has recovered, and where it hasn’t. We did a deep dive into the numbers behind to that eternal question: Is it cheaper to buy or to rent? If you’re looking to buy in 2018, these takeaways mean everything for a successful strategy.
It may seem like boom times in real estate, but in May our data…
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In the not too distant future, if someone were to ask, “How much did your home cost?” the answer would probably be, “18 bitcoins.” For that’s the going rate for an average American home in cryptocurrency, according to a recent analysis reported by Redfin.
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Although most brokerage firms do not currently accept cryptocurrency as a form of payment, the report notes Redfin’s agents in cities across the U.S., especially California, have said they had conversations with people about using cryptocurrency as part of their transaction.
But is cryptocurrency set to become the payment of choice among homebuyers and sellers?
“It’s hard to say whether the use…
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Here are five reasons listing your home for sale this winter makes sense.
The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase… and are in the market right now! More often than not, multiple buyers are competing with each other to buy a home.
Take advantage of the buyer activity currently in the market, Find our What your Central Florida Home is Worth?
Housing inventory is still under the 6-month supply that is needed for a normal housing market. This means that, in the majority of…
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Why is there so much paperwork mandated by the lenders for a mortgage loan application when buying a home today? It seems that they need to know everything about you and requires three separate sources to validate each and every entry on the application form.
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Many buyers are being told by friends and family that the process was a hundred times easier when they bought their home ten to twenty years ago.
There are two very good reasons that the loan process is much more onerous on today’s buyer than perhaps any time in history.
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Many people believe that selling their house during “the spring buyers’ market” is the best thing to do. Their reasoning is that there will be more buyers than there are during the winter months and, therefore, their house will sell quicker and for a higher price.
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Historically, this made sense. However, today’s real estate market is not following the rules of the past.
The National Association of Realtors (NAR) measures buyer “foot traffic” each month. It receives data on the number of properties shown to a prospective purchaser by a Realtor® (based on the number of lockboxes used). The data reveals the number of buyers out actively looking for a home, not just…
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In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.
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Even if you are in a market that is not as competitive, knowing your budget will give you the confidence of knowing if your dream home is within your reach.
Freddie Mac lays out the advantages of pre-approval in the ‘My Home’ section of their website:
“It’s highly recommended that you work with…
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So, you’ve been searching for that perfect house to call a ‘home,’ and you finally found it! The price is right, and in such a competitive market, you want to make sure that you make a good offer so that you can guarantee that your dream of making this house yours comes true!
Homes for Sale in Davenport, FL
Freddie Mac covered 4 Tips for Making an Offer” in their Executive Perspective. Here are the 4 tips they covered along with some additional information for your consideration:
“While it’s not nearly as fun as house hunting, fully understanding your finances is critical in making an offer.”
This ‘tip’ or ‘step’ should really take…
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If a recent survey from Trulia is any indication, there could be some relief for today’s inventory woes on the horizon. According to an online poll commissioned by the site, American consumers are more enthusiastic about selling a home than buying one in 2018.
Just over 31 percent of those surveyed said 2018 would be a better time to sell than 2017. Only 14 percent said it would be worse.
“At a 17-percentage point differential, the home-selling sentiment (net belief that the upcoming year will be better for selling a home than the current year versus those who believe it will be worse) is the second highest gap we’ve seen since we first started asking this question back in 2014,” Trulia reported.
Still, that sentiment won’t immediately translate…
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