Did you know that more new households opt to buy rather than rent

15 May

Herold

1956 0

More new households opt to buy rather than rent The number of new-owner households was double the number of new-renter households in the first quarter of this year, as the share of first-time buyers creeps back toward its historical average, and mortgages for first-timers rise. In a shift, new households are overwhelmingly choosing to buy... Read more »

Did you know that South Florida Realtor associations announce merger

15 May

Herold

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South Florida Realtor associations announce merger Two of the nation’s largest Realtor associations announced Thursday that they’re planning to merge to form the third largest local Realtor® association in the nation. The Realtors Association of the Palm Beaches (RAPB) and Greater Fort Lauderdale Realtors (GFLR) will become the Realtors of the Palm Beaches and Greater... Read more »

Did you know that 30-year mortgage rates head higher again – to 4.05%

12 May

Herold

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30-year mortgage rates head higher again – to 4.05% Long-term U.S. mortgage rates inched higher this week. The benchmark 30-year rate remained above the key threshold of 4 percent. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year fixed-rate home loans rose to 4.05 percent from 4.02 percent last week. The rate stood... Read more »

Are the suburbs seeing a rental boom

11 May

Herold

1846 0

Are the suburbs seeing a rental boom? NEW YORK – May 9, 2017 – After the recession, renters – particularly millennials – flocked to urban areas, and urban apartment construction soon surged to record-high levels. But a new study finds that things are changing. Renters are now targeting the suburbs in greater numbers. From 2011... Read more »

What do you think about buyers/sellers shake off last month’s doldrums

11 May

Herold

1307 0

Buyers/sellers shake off last month’s doldrums Fannie Mae’s monthly survey on consumers’ attitudes about the current real estate market increased 2.2 points in April after dipping in March. The Fannie Mae Home Purchase Sentiment Index (HPSI) increased 2.2 percentage points in April to 86.7, and five of the six components that comprise the HPSI rose.... Read more »

Do you think you aware of How much is a great view worth?

09 May

Herold

3113 0

How much is a great view worth? NEW YORK – May 8, 2017 – Homes with a good view fetch a premium, particularly among city dwellers. But how much more are they willing to pay for a home with a good view? Realtor.com’s research team compared the prices of homes for sale on its site... Read more »

Why is the downpayment the biggest renters hurdle now days?

09 May

Herold

1924 0

Study: Renters’ biggest hurdle is the downpayment Renters, what’s keeping you from making the leap to buying a house? According to a first-ever study sponsored by Zillow and conducted by market researcher Ipsos, no matter where renters live across the country, the most significant barrier to buying a home is the same for almost all... Read more »

How can bad credit scores can triple home insurance costs?

09 May

Herold

1988 0

Bad credit scores can triple home insurance costs NEW YORK – May 8, 2017 – Homeowners with a bad credit score can expect to pay double – in some cases, even nearly triple – what owners with solid credit pay for their home insurance, according to a new state-by-state study by insuranceQuotes. Policyholders with fair... Read more »

Why does buyers believe home prices will rise ?

08 May

Herold

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2 out of 3 buyers believe home prices will rise A new Gallup poll finds that homeowner confidence has hit a new high. According to Gallup, 61 percent of U.S. adults believe home prices will rise in the next year, marking the biggest percentage since Gallup began gathering data on these views in 2005. It’s... Read more »

How come fake listing scam still going strong

08 May

Herold

1907 0

Fake listing scam still going strong “Received a very alarming call this morning from a girl that was getting ready to send cash to someone for keys for a rental she found on Zillow/Trulia,” Heartland Real Estate Agent Dawn Dell posted Tuesday on Facebook. “This is my listing, currently active, and the sellers are not... Read more »