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Buyers Waiting for List Prices to Drop? They’ll Be Disappointed

Buyers Waiting for List Prices to Drop? They’ll Be Disappointed : Home prices plummeted during the recession, and some buyers are waiting for it to happen again. But investors who dream of easy money – sure they can make even more by flipping – aren’t driving the current market.

Today's Trendiest Home-Design Styles, According to Google

Today's Trendiest Home-Design Styles, According to Google : What do people search for on the internet when it comes to home design? Ranch-style homes, 1950s-inspired living rooms and blue hues are among the hot trends.

Unlocking Inventory

Unlocking Inventory : Real estate pros are seeking—and finding—solutions for persistent housing shortages across the nation.

May 2019 Florida Housing Report

May 2019 Florida Housing Report : May turned out to be one of the strongest months we’ve seen in a long time for single-family homes in the Sunshine State. We're talking a 9.6 percent increase in sales from May 2018 and our highest monthly total for *any* single month over at least the past 10 years.

Flood Insurance

Lenders must accept private flood insurance policies after July 1   WASHINGTON – June 18, 2019 – The threat to home closings during a National Flood Insurance Program (NFIP) shutdown may be muted or nonexistent should Congress fail to extend the program in the future. After July 1, a federal law forces mortgage lenders to accept private coverage if it satisfies criteria outlined in the Biggert-Waters Flood Insurance Reform Act of 2012. In February, five federal regulatory agencies – the FDIC, Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, National Credit Union Administration and Farm Credit Administration – issued a joint final rule to implement provisions of the Act, which outlines the new private flood insurance mandate and the steps insurance companies and mortgage lenders must follow. The rule, which takes effect July 1, 2019: Implements the Biggert-Waters Act requirement that regulated lending institutions accept private ...

HOME SALES UP OVER 6% STATEWIDE

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Florida's housing market reported more sales, higher median prices and increased inventory (active listings) in April compared to a year ago, according to the latest housing data released by Florida Realtors®. Sales of single-family homes statewide totaled 26,992 last month, up 6.2% over April 2018. Still-low mortgage interest rates and a strong jobs outlook are positive trends for Florida's housing market. Another strong sign: New pending sales for existing single-family homes in April rose 4.4% year-over-year, while pending sales for existing condo-townhouse properties remained at about the same level (-0.8%) as April 2018. In April, statewide median sales prices for both single-family homes and condo-townhouse properties rose year-over-year for the 88th consecutive month. The statewide median sales price for single-family existing homes was $259,470, up 2.6% from the previous year, according to data from Florida Realtors Research Department in partnership with local Realto...

BUSINESS IS GREAT!

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Another great week in Real Estate. Homes are selling at a phenomenal pace. If priced right they are selling within days of being listed. The key is in the pricing. It is imperative that the price is where it needs to be. That's why you need to use a highly experienced Realtor to list your property. Someone that knows the market and how to present your property at the best possible price. The first few days are critical to getting the home sold. If you price it to high you alienate the motivated buyers who are seriously looking to buy quickly and efficiently. You price it to low and you may lose a few thousand $$$'s that you could have received. Todays buyers are well advised and most are also working with someone that makes sure they are getting a good buy. The point is work with a professional experienced Realtor when pricing and selling your home. Here at ADVANTAGE REALTY FLORIDA  we are all experienced with many years selling homes i...