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 […]
As the Federal Reserve raises interest rates for the second time in a few short weeks, supply chain issues still abound, and inflation continues to roar, what does this all mean for the real estate market in South Florida and to you? Adjustable Mortgages and Home Prices To begin with, if you have an adjustable-rate mortgage you will likely see […]
Different technologies have developed to offer alternate materials for home construction. Aside from 3-D print technology as we had discussed in an earlier blog, Kota Machida and Yuya Sakai, researchers at Tokyo University, have recently developed a technology that converts food waste into potentially edible “cement” for construction use. These researchers claim that the strength of the cement, made entirely from […]
There is new market research that indicates that home price listings throughout the United States have been reduced 24.1% over the past few weeks. Why? With increased demand and short supply of homes, many sellers have been able to place their homes on the market for much higher prices with buyers willing to pay over their asking price. However, with […]