Could rising mortgage rates be good for housing?
Saturday, 01 April 2017
NEW YORK – The Federal Reserve is finally taking more action to raise its short-term rates. Last week, it voted to raise the Fed funds rate by 25 basis points. That is expected to add pressure to mortgage rates, too. Many housing analysts fear that rising mortgage rates could further impact home affordability and lead
- Published in Blog, General, Housing Market, Investors, Local, Luxury, Mortgage, Real Estate, South Tampa, St Petersburg
How will housing change over the next decade?
Wednesday, 22 March 2017
NEW YORK – March 7, 2017 – Your 10-year outlook: Expect business to get busier, but be ready for some major demographic shifts in housing. Housing demand over the next decade will be significantly higher than today, predicts Lawrence Yun, chief economist of the National Association of Realtors® (NAR), in his latest column at Forbes.com.
- Published in Blog, General, Housing Market, Investors, Local, Luxury, Mortgage, News, Real Estate, South Tampa, St Petersburg
Higher inflation one more reason to buy a home now
Sunday, 19 February 2017
NEW YORK – Jan. 20, 2017 – Annual inflation hit a 21/2-year high in December amid rising gasoline prices as a core measure of inflation increased moderately. The consumer price index rose 0.3 percent, the Labor Department said Wednesday, matching economists’ estimates. Prices were up 2.1 percent the past year, the largest annual jump since
- Published in General, Housing Market, Important, Investors, Local, Luxury, Mortgage, News, Real Estate, South Tampa, St Petersburg
How can buyers get a lower mortgage rate?
Friday, 03 February 2017
NEW YORK – Jan. 10, 2017 – Though mortgage rates have jumped in recent weeks, it’s still possible for buyers to get a lower rate if they “buy the rate down,” also known as “paying points.” But they should weigh the pros and cons carefully to decide if that’s the best move. “Buying your rate
- Published in General, Housing Market, Mortgage, Real Estate
Florida has 238 downpayment assistance programs
Saturday, 24 December 2016
ORLANDO, Fla. – Nov. 14, 2016 –The number of U.S. downpayment assistance programs decreased 3 percent from the previous quarter, according to Down Payment Resource’s Third Quarter 2016 Homeownership Program Index (HPI). However, of the nation’s 2,392 programs, almost 88 percent currently have funds available for eligible homebuyers, an increase of 3 percent from the