Browsing Posts In: blog

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 rate of 571,000 in July, down from 630,000 […]

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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 of Home Builders’ (NAHB) 55+ Housing Market Index […]

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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 Association (MBA). “A strong appetite for jumbo loans […]

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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 2017, an increase of 3.7 percent over 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 reading, down 2.7 points from 91.1 last year […]

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