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Florida Real Estate News – Report Buy a home now before prices go even higher

Florida Real Estate News – Report: Buy a home now before prices go even higher GREENSBORO, N.C. – The risk of home price declines remains low, but affordability is increasingly a concern in cities across the U.S., according to the Summer 2017 edition of The Housing and Mortgage Market Review (HaMMR) published by Arch Mortgage Insurance Company. Arch has an interactive U.S. map comparing the states by risk posted on its website. Price declines are less of a concern that affordability, according to the report. Strong housing market fundamentals suggest that the…

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Florida Real Estate News – 4 vacation home issues every buyer should know

Florida Real Estate News – 4 vacation home issues every buyer should know NEW YORK – Before clients purchase a vacation home, make sure they’re ready for the responsibilities of owning a second property. “Costs of owning and renting a vacation home can be very high,” says Todd Huettner, owner of Denver-based lending company Huettner Capital. “The hassles and costs of short-term vacation rentals are higher than most people expect. … People are way too optimistic about rental rates, vacancies, management fees, maintenance costs and home value increases.” Owners buying…

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Florida Real Estate News Most home flippers aren’t who you think they are

Florida Real Estate News – Most home flippers aren’t who you think they are IRVINE, Calif. – You may not suspect that you have clients who are interested in home flipping. While home flipping has long been considered an activity conducted by high-powered institutional investors who are looking to score big in real estate, the data show a different story. More than two-thirds – 69 percent – of the 44,000 single-family homes and condos flipped in the first quarter of this year were by investors of the mom-and-pop variety who…

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Florida Real Estate News – Home price rise strongest in nearly three years

Florida Real Estate News – SandP CoreLogic Case-Shiller: U.S. home prices rose 5.8% annually in March as the pace of increases accelerated in 2017. From 2014-2016, they hovered around 5%. Home prices rise at strongest pace in nearly 3 years Buying a new home can be very overwhelming, especially if it’s your first one. These six tips – like getting extra inspections and researching your neighborhood beforehand – can help simplify the process. What are your best tips for new homeowners? Time These are heady days for American home sellers,…

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Florida Real Estate News – Your first smart home listing? How to sell it

Florida Real Estate News – Your first smart home listing? How to sell it CHICAGO – Smart-home features can boost a home’s sale value by up to 5 percent. That’s about $15,000 on a $300,000 home – no chump change to a seller – and home appraisers are starting to factor smart-home features into their valuations as well. So what are the perks of a smart home if you ever find you’re selling one? A realtor.com article points to the following benefits: Smart homes are safer A survey by August…

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Florida Real Estate News – Fla. home sales up 9.3% yeartoyear in March

Florida Real Estate News – Fla. home sales up 9.3% year-to-year in March NAR: U.S. home sales jump 4.4%, hit 10-year high ORLANDO, Fla. – Florida’s housing market reported more closed sales, higher median prices and increased pending sales in March, according to the latest housing data released by Florida Realtors. Sales of single-family homes statewide totaled 25,921 last month, up 9.3 percent compared to March 2016. “March’s strong sales likely were influenced by buyers ready to take action before interest rates could move higher,” says 2017 Florida Realtors President…

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Florida Real Estate News – U.S. home sales jump 4.4% – hit 10year high

Florida Real Estate News – U.S. home sales jump 4.4% – hit 10-year high WASHINGTON – U.S. existing-home sales took off in March to their highest pace in over 10 years, and severe supply shortages resulted in the typical home coming off the market significantly faster than in February and a year ago, according to the National Association of Realtors® (NAR). Only the West saw a decline in sales activity in March. Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – ascended 4.4 percent…

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Florida Real Estate News – NAR Feb.’s pending home sales leap 5.5%

Florida Real Estate News – Pending home sales rebounded sharply to the highest level in nearly a year and second-highest in over a decade. “The stock market’s continued rise and steady hiring in most markets is spurring significant interest in buying,” says NAR economist Yun. NAR: Feb.’s pending home sales leap 5.5% WASHINGTON –  Pending home sales rebounded sharply in February to their highest level in nearly a year and second-highest level in over a decade, according to the National Association of Realtors®(NAR). All major U.S. regions saw a notable…

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Florida Real Estate News – Miami home prices again pushing buyers north

Florida Real Estate News – More people are moving out of Miami in search of affordable housing options in counties farther north, the result of rising home prices and stagnant incomes in the county. Miami home prices again pushing buyers north MIAMI –A recent study from Florida International University find more Miami residents looking to live elsewhere because they’re struggling to find affordable housing. Researchers looked at Miami, Fort Lauderdale and West Palm Beach, where the market has seen a collective outflow of 106,591 residents since 2010. Recent reports from…

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Florida Real Estate News – Dec. home prices rise at fastest pace in a year

Florida Real Estate News – Dec. home prices rise at fastest pace in a year U.S. home prices rose in December from a year earlier at the fastest pace in 11 months, as prospective buyers bid against each other for a limited supply of available property. The Standard & Poor’s CoreLogic Case-Shiller 20-city home price index, released Tuesday , increased 5.6 percent, the most since January 2016. The price gain reflects the healthy pace of home sales, which increased in January to the fastest level in a decade. Steady job gains…

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