There are many things that can go wrong, even after you have been pre-approved. Click here to read the do's and don't's: http://rotonda.suncoasteam.com/2013/01/23/how-to-mess-up-a-mortgage-pre-approval … Keep reading... about Be Careful When Applying for a Mortgage
Home Buying and Selling
Florida’s Real Estate Market Ends 2012 On a Positive Note
According to a report by Florida Realtors®, Florida’s housing market had more closed sales, higher pending sales, higher median prices and a reduced inventory of homes for sale in December, 2012. December marks the 12th consecutive month of higher statewide median sales prices for both single-family homes and for townhouse-condo units year-to-year, according to Florida … Keep reading... about Florida’s Real Estate Market Ends 2012 On a Positive Note
Real Estate Research Firm Predicts 6% Price Increase in 2013
IRVINE, Calif. – Jan. 14, 2013 – CoreLogic, a real estate market research firm, released its CoreLogic Home Price Index (HPI) report today. It found a 7.5 percent increase in home prices during 2012, the largest home price increase since 2006. CoreLogic projects home prices to increase 6 percent in 2013. Factors pushing the increase are greater affordability fueling steady … Keep reading... about Real Estate Research Firm Predicts 6% Price Increase in 2013
Home owner affordability
2012 set a record as affordable homes were sold and interest rates low. http://rotonda.suncoasteam.com/2013/01/11/housing-affordability-sets-a-record-in-2012 … Keep reading... about Home owner affordability
HOME SALES SURGE IN FLORIDA
According to a report by the Florida Association of Realtors, sale of single family homes in the state was up 24.4% in November 2012 as compared to November 2011. The median sales price for Florida single-family homes in November 2012 was $150,000, up 11.2% from a year ago. In Charlotte County, FL, there were 240 single family homes sold in November 2012 with a median price … Keep reading... about HOME SALES SURGE IN FLORIDA
What is that house worth?
In a study conducted by HomeGain and reported by the Florida Association of Realtors, 75% of homeowners homeowners think their home is worth more than their agent’s recommended list price. Meanwhile, 63% of home buyers say homes are overpriced. Statistics from November, 2012 of homes sold in Charlotte County, FL show that the Average Selling Price as a % of List Price for all … Keep reading... about What is that house worth?
Sarasota Housing Market: November 2012
By: Andy Richardson, REALTOR, Suncoasteam Realty Contact Andy: 941-276-5997, car@suncoasteam.com The Sarasota housing market continued its positive trend in November of 2012 and is on pace to see the fourth highest number of annual sales in its 90 year history. November 2012 sales, which totaled 764 properties, was an astounding 29% increase over the 602 sales in November … Keep reading... about Sarasota Housing Market: November 2012
Cost of New Construction Rising
According to a report from the National Association of Home Builders, the cost of building a new home is rising far faster than inflation. The price of construction lumber is up over 30% from a year ago. Interior wallboard and cement are also increasing in price. These increases will push up the cost of building a new home significantly. As a result of the expected increase … Keep reading... about Cost of New Construction Rising
Economists: Florida real estate market improving
According to economists speaking at Florida Realtors® 2013 Real Estate and Economic Forecast Conference in Orlando on December 12, 2012, the Florida real estate market should improve well in 2013. Fannie Mae Chief Economist Doug Duncan said that the number of distressed properties should be reduced by almost half. Also aiding the real estate recovery, mortgage rates should … Keep reading... about Economists: Florida real estate market improving
Multiple offers now common on South Florida homes
According to the Florida Association of Realtors and an article in the Fort Lauderdale Sun Sentinel, multiple offers and sales higher than asking price are becoming common. In the report, they cite a two-bedroom condominium was listed for $53,000. Unlike other condos, this one wouldn’t prevent the buyer from renting the unit in the first year. A fair price with no rent … Keep reading... about Multiple offers now common on South Florida homes