Pending Home Sales Rise to Highest Level in Nine Years The National Association of Realtors (NAR) recently reported in their Pending Home Sales Index (PHSI) that pending home sales increased in April for the fourth consecutive month and reached their highest peak in nine years. All four major regions saw growth in April, led by
Florida Home Prices Will Rise 4-5% Over Next Year Realtors® remain mostly confident about the real estate market over the next six months, thanks to 30-year fixed rates that remain below 4 percent, continued job growth, and recent measures that have made credit more accessible and cheaper. Across all property types (single family, townhomes, and condos),
5 Questions for the First Time Homebuyer Usually, a first time homebuyer picks out a house before lining up financing, but experts say it should be the opposite. Dan Huss, a mortgage consultant with BNC National Bank in Scottsdale, Ariz., says buyers often call a Realtor® first and then the Realtor® refers them to a
87% of Buyers Qualify for Downpayment Help According to a RealtyTrac report released last week, 87 percent of U.S. buyers qualify for downpayment help – if they know where to look. In Florida, the percent of qualifying buyers goes as high as 97 percent in some counties, with the general range in the mid to upper
Looking for a new home can be a pretty exciting task. With that much money on the line, it’s worthwhile to read up on the process before you set out. Unnecessary mistakes can and should be avoided while trying to get the best deal for your money. As a first-time homebuyer, proper guidance from seasoned
News that FHA will eliminate a prepayment penalty starting next year has been widely reported. It’s a move NAR has been seeking for some time because it will relieve borrowers of a financial hit that’s entirely out of their control and also bring the agency’s policies in line with other federal agencies that backstop mortgages.