Growing your own food — at least what you can — cuts household food expenses and drives you to use recipes that focus on fresh produce. Unfortunately, not everyone has the yard space to plant a full garden, and some don’t even have a yard at all. That’s precisely where community gardens come into play.…
2016 was a great year for the housing market, nationwide; home prices and sales increased while rates dropped to new historic lows. According to The Mortgage Reports, “In September 2016, the Home Price Index climbed to 239.2, a 0.5 percent increase from the month prior and a 5.7% increase from the year-ago levels.” Because of…
#GreatNewListing Just hit the market! This 3BR/2BA all brick home features new flooring (tile and carpet), 2 car garage and fenced backyard. #GreatLocation Located in Killearn Estates! You find easy access to shopping and dining just around the corner. For directions – http://ow.ly/Hwal306adbH #GreatValue Listed at $189,900! This one will not last long on the…
Good news on the National Mortgage Market, locally we continue to have a healthy demand for Existing Homes and New Construction Homes as well. Delinquencies on mortgage loans (30 days or more past due but not in foreclosure) on one-to-four-unit residential properties were at a rate of about 4.66% as of the end of the…
Rents are rising at a faster pace than home prices, especially in central and coastal Florida. Mortgage rates are still favorable. In most of Florida, it is still cheaper to buy than to rent a home. We’re nearing the end of the era of low mortgage rates and moderate prices. Personal income is starting to…
For the Week Ending October 21, 2016 This week in the housing and financial markets. Minutes from last month’s FOMC meeting showed several members in favor of raising policy rates, making a rate hike before the end of the year more likely. Supporting the Fed’s view of an improving economy, jobless claims once again hit…
For the Week Ending October 14, 2016 Please enjoy this quick update on what happened this week in the housing and financial markets. Recently released data shows U.S. manufacturing is up, with increased orders and production. Signaling economic improvement, this could pressure rates. The labor market shows no signs…
Wednesday bond prices opened with small positives and rallied nicely after the Fed’s no-hike meeting; Thursday morning prices opened with postivie+5s, so our historically low rates are holding steady! The Fed meeting passed without any rate hike announcement, but the Fed is clearly leaving the option on the table, say that the case for increase…
About $518 billion in first-lien product was originated in the second quarter – the highest volume in a single quarter since the second quarter of 2013. Purchase volume reached $297 billion, an increase of 52%, or $102 billion, compared with the first quarter. It was the highest level since 2007. Still, with mortgage rates near…
A recent USA Today article highlighted… “New-home sales surged in July to the highest level in almost nine years as strong demand amid low interest rates and low existing inventory helped boost the housing market. Sales of new single-family houses jumped 12.4% from June to a seasonally adjusted annual rate of 654,000, the highest level…
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