Tue Sep 20, 2022 on Florida Real Estate
OVERVIEW: Market effects of real estate Overproduction Purchasing less consumer goods With mortgage rates surging past 6% this week, the cost of home ownership is becoming more out of reach for borrowers. Some borrowers are deciding to wait, hoping that prices and rates will fall as the overall market and inflation slows with it. Other home buyers, however, are opting […]
Mon Aug 29, 2022 on Florida Real Estate
Real Estate deed fraud unfortunately is on the rise. Recently, the Sun Sentinel reported that a property owner’s vacant land was sold by a person who pretended that he was the actual landowner in order to obtain the proceeds of a fraudulent mortgage refinancing. Initially, the alleged fraudster created a company using his name as the owner of the property […]
Tue Aug 23, 2022 on Florida Real Estate
OVERVIEW: Why the housing marketed has been hot in 2022 What suggests prices are starting to cool down How homes prices will affect the economy For the sixth straight month, the number of U.S. home sales have decreased, the longest decline in more than eight years. Higher mortgage rates and purchase prices are just two overall reasons for this drop. […]
Tue Jul 12, 2022 on Florida Real Estate
With economic uncertainty in the market, many homeowners are looking to adjustable rate over fixed rate mortgages. Why? Initially adjustable-rate mortgages, or ARMs, typically offer lower rates than fixed mortgage rates and then adjust at specific intervals over the life of the loan. Currently, ARMs look attractive to those home purchasers who are concerned with both higher mortgage rates, rising […]