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Freddie Mac: Pay no attention to homeownership rate
WASHINGTON – Oct. 14, 2016 – For over a decade, the national homeownership rate has been declining. It peaked at 69.2 percent in 2004, but for the past 10 years, the rate continued to fall. Today the homeownership rate is less than 63 percent, the lowest in half a...
FLORIDIANS WORK 59 HOURS PER MONTH FOR A MORTGAGE
LOS ANGELES – Aug. 1, 2016 – To find out where homebuyers can work the fewest hours to afford homeownership, GOBankingRates looked at the home listing prices, mortgage rates and the household incomes in the 50 U.S. states plus the District of Columbia. Ranging from...
HAVE INTEREST RATES HIT BOTTOM? HARD TO TELL
McLEAN, Va. – July 27, 2016 – It's entirely possible that interest rates hit all-time lows this month that will never again be seen in our lifetimes, as many are now proclaiming. If so, since bond prices move down when rates rise, bond values will never be as high as...
THE COST OF HOME RENTING vs OWNING IN FLORIDA
LOS ANGELES – July 19, 2016 – Personal finance website GOBankingRates.com released a guide detailing how monthly rent compares to monthly mortgage payments across the U.S. To see the price breakdown for all U.S. states, visit the GOBankingRates website. The bottom...
OKEMON GO FOR REAL ESTATE – MUST OR BUST?
NORWALK, Conn. – July 18, 2016 – The new gaming app Pokémon GO could prove useful in the real estate industry, with some arguing that it creates an opportunity for agents to connect with millennial buyers who are nostalgic for the original Pokémon game from the 1990s....
Florida Realtors 100th: A look back
In 1971, the median value of a home in Florida was $14,100, with a county-specific high of $17,040 in Dade County, $16,680 in Palm Beach and Sarasota Counties, and $15,600 in Orange County.
The do’s and don’ts of service animals
July 4, 2016 — When a buyer turns out to be a cash buyer, that's usually a plus in a transaction. At least, that's what one Realtor thought when she started working with a buyer who had just completed a tour in the Army. The buyer had been injured in the line of duty...
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About 6.8M homes at risk from hurricanes
MIAMI – June 3, 2016 – According to CoreLogic's 2016 Storm Surge Report, more U.S. homes are at risk of hurricane storm surge damage this year, and the price of reconstruction to damaged homes is expected to rise as well. At the top of the CoreLogic list? Florida and...
Florida builder makes solar panels a standard feature
MIAMI – June 1, 2016 – Stellar Homes Group announced a plan to introduce PV solar systems as a standard feature in all of its new homes, making it the first company in South Florida to do so. The switch is part of a growing U.S. trend to make homes as green and energy...
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