The risk of defects in mortgage applications was flat in February compared with January, however, it was up 9.2% compared with February 2017, due mainly to the shift to a purchase market, according to First American’s Loan Application Defect Index. Still, the rate of defects was down 18.6% from the high point of risk in…
After tanking in January, pending home sales increased 3.1% in February compared with January to reach a score of 107.5 on the National Association of Realtors’ (NAR) Pending Home Sales Index – however, they were down 4.1% compared with February 2017, due mainly you lack of supply. “Contract signings rebounded in most areas in February,…
Home sellers had it good at the end of last year, racking up profits they hadn’t seen in more than a decade, a new report finds. In the last quarter of 2017, sellers pocketed an average $54,000 over what they originally paid for their homes, according to a recent ATTOM Data Solutions report. That’s up 0.49% over…
Home buyers on a budget may want to have a seat and take a few deep breaths. Home prices around the country are continuing to surge—and they’re not likely to slow down any time soon. They shot up 6.6% year over year in December, according to CoreLogic‘s most recent Home Price Index and Home Price Forecast. (Prices barely rose from…
Soaring home prices and the shortage of properties on the market are taking a toll on buyers, particularly first-time buyers. The share of first-time homeowners fell to just 29% of all existing home buyers in January, according to the most recent National Association of Realtors® report. That’s down from 32% in December and 33% in January 2017. Read…
Moving can be a stressful experience even under the best of circumstances for humans and pets. With so much activity occurring on moving day, pets can become very anxious. Pets watching all their family’s belongings being moved out of the home by strangers can cause a pet to become protective and aggressive. You certainly do…
If you feel adrift in the hardware store when faced with endless types of paint, we feel your pain. That’s because in addition to all those colors, there are different types of paint—and even more types of paint finishes! As if that weren’t complicated enough, each paint type has a distinct place and purpose in your home; put the wrong one…
The recent surge in home values could slow thanks to the freshly passed tax overhaul. Sweeping tax legislation was signed into law by President Trump at the end of 2017, and experts said some of the changes, including a lower threshold on the mortgage interest deduction, a cap on the state and local deduction and a…
One of the most common clauses buyers utilize when submitting an offer to purchase real estate is the “right to inspect.” Based on the number of calls to the Florida Realtors Legal Hotline, this also is one of the most misunderstood clauses – and one that could have serious consequences for buyers and sellers if…
As we look back at the Tallahassee real estate market in 2017 we can see several trends that will impact the market in 2018. There are several major factors that will influence 2018 from mortgage interest rates, inventory of homes available, federal tax changes and various home buying motivations. Understanding these trends and how to…
We share insightful articles and resources to help homeowners and real estate professionals stay connected to the top trends related to the real estate market and local happenings in Tallahassee.