Browsing Posts In: blog

Housing Market Held Steady on Positive Path

October 2, 2017

The housing market remained on a positive path for Florida in August, with a higher number of closed sales, higher number of pending sales, increased number of new listings and increasing median prices, according to the latest housing data released by Florida Realtors®. Sales of single-family homes statewide totaled 25,235 for August, representing an increase […]

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Home Builders Provide Inventory Shortage Relief

September 26, 2017

Sales of new United States homes decreased by 9.4 percent in July, representing the strongest one-month decreased in close to a year. But the decrease followed strong sales in previous months, and sales so far this year are outperforming last year’s. The Commerce Department said Wednesday that new-home sales fell to a seasonally adjusted annual […]

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Strong Demand in the 55 and Over Housing Sector

September 19, 2017

An estimated 10,000 baby boomers are retiring each day, which is inevitably having an impact on the real estate market. Builder focus in the single-family 55+ housing market has increased for the second quarter of 2017 with a reading of 66, an 11-point increase over the first quarter of 2017, according to the National Association […]

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Jumbo Home Loan Pricing Decreases

September 12, 2017

Reports indicate that the interest rate for jumbo loans, which includes loans greater than $421,100, dropped five basis points just recently, averaging 3.99 percent. That is now 13 basis points lower than the conforming rate, which is the largest spread between jumbo rates and the conforming rate since March 2016, according to the Mortgage Bankers […]

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Florida Housing Path Remains Encouraging

September 5, 2017

Florida’s residential real estate market remained on an encouraging path in the second quarter of this year with an increase in closed sales, increased median prices and a higher number of pending sales, according to the most recent housing market data released by Florida REALTORS®. Closed sales of single-family homes statewide totaled 79,888 in 2Q […]

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Floridians More Optimistic About Economy Overall

August 29, 2017

Consumer sentiment among residents of Florida increased 1.5 points in July to 97.7, representing the second-highest reading since March 2002. Out of the five factors that make up the index, three increased and two decreased. Overall views of one’s personal financial situation now likened with a year ago showed the largest decrease in the July […]

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Florida in High Demand for Foreign Homebuyers

August 22, 2017

United States home-buying by foreigners increased by a substantial 49 percent to $153 billion in the last year, which signifies a record high in the National Association of REALTORS® (NAR) Profile of International Activity in U.S. Residential Real Estate released for 2017. The increase resulted as activity from Canada soared to $19 billion, with buyers […]

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Suggestions for First Time Homebuyers

August 15, 2017

Buying a home for the first time can be stressful and the related costs can be overwhelming. For most, it is the largest purchase one has made and the process can also be confusing. An analysis of the Census report by Trulia determined that owner households formed at double the rate of renter households in […]

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Increased Rate of New Home Construction

August 8, 2017

The rate of new home construction increased in June to the fastest pace in four consecutive months prior. Though increases were seen across the nation, the rise was led by substantial increases in the Northeast and Midwest. New home construction increased by 8.3 percent in June to a seasonally adjusted annual rate of 1.22 million, […]

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Suggestions to Ease Entry Into the Housing Market

July 25, 2017

Entering the housing market for the first time can be overwhelming and costly. It is very likely the largest purchase one has made and the process can be confusing. The most recent market report by Naples Area Board of REALTORS® (NABOR®), released June 16 with May figures, shows pending sales up 12 percent, closed sales […]

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