Blog


NAR: Military niche has younger buyers, bigger homes

27

Jul 2016

NAR: Military niche has younger buyers, bigger homes

WASHINGTON – May 3, 2016 – Out of all adults younger than 35, the share of active-service military members who buy a home significantly outpaces the share of non-military homebuyers. According to the National Association of Realtors® (NAR) first-ever study of military clients, the 2016 Veterans & Active Military Home Buyers and Sellers Profile, young military buyers jump into the market due to household demographics...

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Millennials Want Suburbs That Feel Like a City

21

Jul 2016

Millennials Want Suburbs That Feel Like a City

Millennials may be drawn from pricey city centers to the less expensive suburbs, but nonetheless say they want a suburb that still has the look and feel of a big city in some ways. Some suburbs are finding means to cater to that desire and promoting the amenities they can offer to attract more younger people. The Next Big Thing: The ‘Burbs A Model for...

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16

Jul 2016

How to Build a Home Renovation Team You Can Trust

When you’re updating your home, the last thing you need is a lousy contractor. Whether you’re a professional real estate investor, like me and my husband Tarek, or you’re a homeowner with dreams of renovating to update and improve your house, having a quality home renovation team you can trust is absolutely essential. After all, even if you’re planning on doing some stuff yourself, you’re...

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09

Jul 2016

Insurance FAQs for First-Time Home Buyers

You’ve just made a huge investment. Make sure you protect it. Buying home insurance for the first time is overwhelming, especially if you’re trying to go it alone. Before shopping for coverage, review these common insurance questions to make sure you’re armed with the knowledge to find the best policy for your needs. Do I need a policy before buying a home? Technically, no. Most...

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01

Jul 2016

Two Ways to Compare Renting vs. Owning a Home

When you’re doing the math, make sure you’ve got all the data you need. One of the hottest topics in housing is whether it’s better to rent or buy a home. The answer always changes based on market conditions, so it’s handy to use a rent vs. buy calculator to do comparisons on the fly. But you should also know how rent vs. buy calculations actually...

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Home Buyers Behind Surge in Loan Demand

23

Apr 2016

Home Buyers Behind Surge in Loan Demand

The re-fi boom is over. Now it’s time for house hunters to take advantage of record-low mortgage rates. Total mortgage application volume climbed 10 percent last week over the prior week on a seasonally adjusted basis, the Mortgage Bankers Association reported Wednesday. Much of the increase in mortgage applications in recent weeks has been due to a rise in refinance applications, but in the latest week applications...

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Mortgage Rates Staying Near Yearly Lows

22

Apr 2016

Mortgage Rates Staying Near Yearly Lows

Home buyers and owners can still lock in low mortgage rates. Freddie Mac reports in its weekly mortgage market survey that rates mostly remained unchanged this week, staying near their low mark for the year. “Volatility in financial markets subsided over the past week, allowing Treasury yields to stabilize,” says Sean Becketti, Freddie Mac’s chief economist. “As a result, the 30-year mortgage rate was mostly flat,...

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Real Estate Notebook: Oceanfront site sold for townhomes

01

Apr 2016

Real Estate Notebook: Oceanfront site sold for townhomes

Oceanfront townhomes are planned for a 1-acre parcel in Highland Beach that traded for $11 million. Capital Development Group, Halstall Real Estate Partners and Grafton Street Capital bought the site at 3621 S. Ocean Blvd. Scott Pressman of the Keyes Co. Realtors and Frank Jichetti of United Realty Group represented seller Riverside Realty Trust. Jeffery Cohen of Douglas Elliman represented the buyers. The $244 price...

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23

Mar 2016

Business Millennials face hurdles in buying a home

Bucking their rent-not-own reputation, more millennials are looking forward to buying a home, a new study found. But affordability in places like South Florida may hold them back. Millennials surveyed in South Florida reported $3,450 in savings, on average, toward a down payment, the report said. They project saving $250 a month and obtaining help from outside sources of $2,350, on average. At that pace,...

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12

Mar 2016

Closing Times Are Speeding Up

The average time to close on all mortgage loans dropped to 44 days in March, the shortest amount of time in a year, according to Ellie Mae’s latest Origination Insight Report. New mortgage rules went into effect last October, pushing closing timelines from 46 days in October to 48 days in November and December, and then to 50 days in January. But lenders and real...

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