Adjustable-rate mortgages (ARMs) represented 9.2% of all loans originated in December – an eight-year high – according to Ellie Mae’s monthly Origination Insight report. A year ago, the ARM share was around 5.6%. “With the strong demand for housing and the rapid increase in property value appreciation, more consumers are turning to ARMs in order…
Operating a moving and storage company requires a lot of resources that is why many moving companies do not offer storage services. Many consumers who are in between homes prefer to do business with a company who provides moving and storage services (one stop shop). There are many moving and storage companies who provide reputable…
Existing-home sales were at a seasonally adjusted rate of 5.32 million in November, an increase of 1.9% compared with October but down 7.0% compared with November 2017, according to the National Association of Realtors (NAR). Regionally, sales increased 7.2% in the Northeast, 5.5% in the Midwest and 2.3% in the South, compared with the previous…
Many times when I meet someone and they ask me what it is I do, the next question is ‘why do I need a home inspection?’ My response is usually short but to the point. Purchasing a home is usually the largest investment you will make in your lifetime. Wouldn’t you want to know all…
Florida’s housing market reported more closed sales, rising median prices and more new listings in October compared to a year ago, according to the latest housing data released by Florida Realtors®. Sales of single-family homes statewide totaled 22,272 last month, up 8.5 percent compared to October 2017. “Florida’s housing market showed a rise in new…
Despite rising home prices and higher mortgage interest rates, millennials are more determined than ever to become homeowners, recent industry reports show. In First American’s Second Quarter 2018 Real Estate Sentiment Index, title agents and real estate professionals report that millennial confidence in the housing market remains strong despite major headwinds including rising interest rates…
Join us on December 6th between 10:00 a.m. – 3:00 p.m. at the Tallahassee Democrat to help Rebuild 850 by filling a truck full of new and unwrapped toys and funds. All new toys and funds benefit Florida’s panhandle communities impacted by Hurricane Michael. You can help by dropping off a new toy (see flyer for…
The millions of millennials who are living at home with their parents or shacking up with roommates will soon want to get married, have children and buy homes, boosting household formation and creating even stronger demand for scarce housing, a report from Freddie Mac predicts. According to the company’s most recent Insight Report, millennials are…
When you refinance a mortgage, your loan is actually closed, then reopened as a new loan with new terms (length of loan and/or interest rate). Refinancing also comes with a bunch of steps, including a home appraisal and related fees. As a result, a refinance also takes time to finish (typically 30 to 45 days). A recast, in contrast, is…
National Housing Starts Jumped 9.2% in August ! After dropping in June and July, housing starts regained some ground in August, rising to an annual rate of about 1.282 million, an increase of 9.2% compared with an estimated 1.174 million in July and an increase of 9.4% compared with 1.172 million in August 2017, according…
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