Why the tight inventory Blame the boomers

11 Aug

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Why the tight inventory? Blame the boomers SANTA CLARA, Calif. – Aug. 10, 2017 – The U.S. real estate market is currently experiencing the worst inventory deficiency in 20 years, and new data from the realtor.com Housing Shortage Study suggests two primary reasons: A) Boomers’ reluctance to sell, and B) a high number of people... Read more »

Wowww did you know that housing crisis officially started 10 years ago this week?

10 Aug

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Housing crisis officially started 10 years ago this week PARIS, France – Aug. 9, 2017 – Ten years ago Wednesday, French bank BNP Paribas blocked withdrawals from hedge funds that specialized in U.S. mortgage debt. That Aug. 9, 2007, marked the beginning of a credit crisis that ushered in the Great Recession of 2007-09. “It’s... Read more »

Did you know that now it’s getting easier to qualify for a mortgage

09 Aug

Herold

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It’s getting easier to qualify for a mortgage NEW YORK – Aug. 8, 2017 – Thanks in part to rising home prices, some mortgage lenders are loosening their underwriting standards so borrowers can purchase property sooner. “The reality has sunk in that there are buyers out there who will be able to buy homes and... Read more »

Why do Floridians keep pulling the plug on phone landlines

04 Aug

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Floridians keep pulling the plug on phone landlines TALLAHASSEE, Fla. – Aug. 3, 2017 – Landlines are quickly going the way of rotary-dial phones in Florida. A state report released this week showed that large numbers of Floridians continue unplugging the types of phone lines that were a fixture of life for decades. Instead, they... Read more »

Did you know Sherri Meadows receives 2017 Women of Influence honor

02 Aug

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Sherri Meadows receives 2017 Women of Influence honor ORLANDO, Fla. – Aug. 1, 2017 – Ocala Realtor®Sherri Meadows handles many roles in her busy life, from wife and mother to successful businesswoman to community activist and volunteer. With a passion for real estate and her profession, the 2014 president of Florida Realtors has worked tirelessly... Read more »

Best US cities to flip homes

02 Aug

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Study: Best U.S. cities to flip homes NEW YORK – Aug. 1, 2017 – More than 126,000 U.S. homes were flipped last year – the highest rate since 2007, according to a study by WalletHub. The average gross profit on a single home flip? Nearly $63,000. Overall, Florida metro areas ranked in the top 25... Read more »

Did you know that Bill would allow Canadian snowbirds to stay longer

31 Jul

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Bill would allow Canadian snowbirds to stay longer WASHINGTON – July 28, 2017 – U.S. Rep. Ted Deutch (D-Florida) and Rep. Elise Stefanik (R-New York) introduced the “Canadian Snowbird Visa Act” into the U.S. House. Under the bill – which would need to be passed by Congress and signed by the president to be law... Read more »

Regrets? Tiny house owners have a few

28 Jul

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Regrets? Tiny house owners have a few NEW YORK – July 27, 2017 – The idea of “living small” has blanketed TV and social media for the past few years. The “tiny house” has surged in popularity. But now a new survey suggests that people may not be happy living in 400 square feet or... Read more »

Fed leaves rates alone – but it’s closer to selling off bonds

28 Jul

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Fed leaves rates alone – but it’s closer to selling off bonds WASHINGTON (AP) – July 27, 2017 – The Federal Reserve is keeping its key interest rate unchanged at a time when inflation remains persistently low. But it signaled Wednesday that it’s edging closer to gradually shrinking its bond holdings, a step that would... Read more »

Mortgage rates fall again – second straight week

28 Jul

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Mortgage rates fall again – second straight week WASHINGTON (AP) – July 27, 2017 – Long-term U.S. mortgage rates fell this week for the second week in a row, despite the Federal Reserve’s efforts to lift borrowing costs. Mortgage buyer Freddie Mac says the rate on 30-year, fixed-rate mortgages slid to 3.92 percent from 3.96... Read more »