Did you know that the mortgage rates spike to highest level since mid-May

07 Jul

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Mortgage rates spike to highest level since mid-May WASHINGTON (AP) – July 6, 2017 – Long-term U.S. mortgage rates rose this week to highest level since mid-May. Mortgage buyer Freddie Mac said Thursday that the rate on 30-year, fixed-rate mortgages rose to an average 3.96 percent from 3.88 percent last week. It stood at 3.41... Read more »

Did you know that childcare costs undermine middle class housing aspirations

06 Jul

Herold

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Childcare costs undermine middle-class housing aspirations NEW YORK – July 5, 2017 – According to the Zillow Housing Aspirations Report, 40 percent of upper-middle class parents surveyed rely on extended family for childcare, compared to only 29 percent of low-income parents and 33 percent of high-income parents. As a result, commercial childcare costs make it... Read more »

Why are Florida’s consumers were a bit more optimistic in June

06 Jul

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Florida’s consumers were a bit more optimistic in June GAINESVILLE, Fla. – July 5, 2017 – After a two-month decline, consumer sentiment in the state rose 2.1 points in June as four out of five components moved higher, according to Economic Analysis Program at UF’s Bureau of Economic and Business Research. Respondents’ perceptions of their... Read more »

VA Mortgage Rates & 10 Terrific Reasons To Use A VA Loan

05 Jul

Herold

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VA Loan Rates VA loan rates are the interest rates assigned to loans which are guaranteed by the Department of Veterans Affairs under its Home Loan Guaranty program. The VA Home Loan Guaranty program protects mortgage lenders against loss, which allows banks to offer reduced rates to borrowers. VA mortgage rates can be 100 basis points (1.00%)... Read more »

let’s celebrate Memorial Day

03 Jul

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How are we Memorial Day? As summer approaches, we observe Memorial Day and honor those who have given their lives to ensure our freedom. Your Satisfaction! Knowing I’ve served you well is my highest priority. Please do not hesitate to contact me if I can help you in any way, or if there is someone... Read more »

Did you know that 71 percent of owners say it is a good time to sell

30 Jun

Herold

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71 percent of owners say it is a good time to sell WASHINGTON – June 28, 2017 – Existing housing inventory has declined year over year each month for two straight years, but new consumer findings from the National Association of Realtors® (NAR) offer hope that the growing number of homeowners who think now is a... Read more »

Do you know the New Fla laws go into effect July 1

30 Jun

Herold

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New Fla. laws go into effect July 1 TALLAHASSEE, Fla. – June 28, 2017 – Seven real estate laws drafted by the 2017 Florida Legislature and signed by Gov. Rick Scott go into effect Saturday, including a Florida Realtors priority: estoppel fee caps. Laws effective July 1 Cap on estoppel certificate fees – Sellers of properties... Read more »

Scott vetoes condo sprinkler bill; cites London fire

28 Jun

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TALLAHASSEE, Fla. – June 27, 2017 – Pointing to a high-rise fire in London that killed dozens of residents, Gov. Rick Scott late Monday vetoed a bill that would have eased fire-protection requirements for older condominium buildings in Florida. The bill (HB 653), which passed the Legislature with only one dissenting vote, dealt with requirements... Read more »

Do you know how much the average realtor made last year?

28 Jun

Herold

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The average Realtor made $42.5K last year CHICAGO – June 27, 2017 – The median gross income for a real estate professional in 2016 was $42,500, most of which came from selling homes, according to the National Association of Realtors®‘ (NAR) 2017 Member Profile. However, annual income varied widely based on experience, with practitioners who... Read more »

Florida homestead law a ‘debtor’s haven’? Not always

27 Jun

Herold

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Florida homestead law a ‘debtor’s haven’? Not always WEST PALM BEACH, Fla. – June 26, 2017 – Facing a $2.1 million court judgment in California, longtime Los Angeles resident Michael Motamed suddenly got a yen to move to Florida, plunking down $1.5 million for an oceanfront condominium in Palm Beach. But attorneys representing a former... Read more »