Real Estate Agent Tools
Buying vs. Renting — How the 5% Rule Can Help You Decide
Source: Point 2 Homes--- The 5% rule was coined by Canadian investment portfolio manager Ben Felix. It stems from the general consensus among potential homebuyers that if you can afford to make mortgage payments that are equal or less than what you’re paying in rent,...
How To Get Rich In Real Estate Without Buying A Ton Of Property
Source: Forbes --- Inside Bella Collina, a gated community near Orlando, Florida, three lots sit ready for their homes. The mock-ups are nearly identical: 3,076 square feet, five bedrooms and three and a half baths, featuring quartz countertops, a tile roof and double...
What Is Title Insurance?
Source: Point 2 Homes --- Buying a new home is an exciting experience, but it can also be a stressful one. Along the way, you might find yourself faced with several new terms and expressions. Title insurance is one of those mysterious real estate terms that will...
Dreaming of Real Estate Riches? Don’t Bank on Home Flipping—Here’s Why
Source: Realtor.com --- After binge-watching a few hours of HGTV, home flipping may seem like a good way to make some extra cash. But the shows don’t always dwell on the financial risks facing investors who jump into the game. Home flippers flooded the real estate...
Rental Market is Showing Signs of Stress Born Out of the Pandemic
The pandemic, while now in the rearview mirror, left a significant impact on the rental market that is just now beginning to surface, according to Elliot Adler Real Estate Development. It’s creating both challenges and opportunities for renters and property managers...
Housing Market Cooling Fastest in West Coast Markets
Housing markets in tech hubs and pandemic migration hotspots are cooling more rapidly than other parts of the U.S as the tech sector falters and mortgage rates remain elevated, according to a new report from Redfin, the technology-powered real estate brokerage. ...
HOW AND WHY YOU WANT FHA CONDO APPROVAL
Source: Realty Biz News --- A condo might be perfect if you don't want to buy a single-family home. Though, if you want to use an FHA loan, you might find it more difficult as condos need to be approved. There are many things to know about buying a condo, and this is...
Florida’s red-hot real estate market cooling down: ‘Gone are the days of’ bidding wars, broker says
Source: Fox Business --- From one coast to another, the collapse of California-based Silicon Valley Bank (SVB) has now sent tidal waves to Florida’s real estate market, one broker claimed on "Varney & Co." Thursday. "It's definitely cooled down a bit. Gone are the...
Is This the Calm Before the Mortgage-Rate Storm? Here’s Why Homebuyers Should Hurry
Source: Realtor.com --- Although the Federal Reserve hiked interest rates on Wednesday, mortgage rates veered in the opposite direction and tumbled. For the week ending March 23, the nationwide average for the popular 30-year fixed-rate mortgage was 6.42%, according...
Housing Market Update: Spring Homebuying Season Kicks Off With Steady Demand, But Lack Of Listings Holds Back Sales
Source: Redfin --- Homebuying demand persisted as mortgage rates declined for the second week in a row after the Fed announced it will only modestly hike interest rates. But limited supply is another barrier for buyers, who are competing for the few homes on the...
How Remote Work Has Affected Real Estate Values
Source: Forbes --- The remote work boom that was seen during the pandemic has undoubtedly changed how we work in a fundamental way. For instance, a survey conducted in 2021 found that over 75% of workers would gladly sacrifice a pay raise if they could work flexibly...
Miami Homeowners Hold Onto Their Homes for 7.3 Years Before Selling
Source: Point 2 Homes --- When buying a home, no one thinks about how soon they’ll sell it. But, judging by how long the typical Miami homeowner held onto their property, that time comes much sooner than any newly minted owner might expect. And the pandemic, despite...
Recent Posts
HUD Updates 14 FHA Policies in Move to Improve Affordability- New Study: More Americans Favor Homebuying Over Renting for the First Time …
- Alabama Home Sales Up Nearly 12% from One Year Ago
- Supreme Court Offers Mixed Ruling in Michigan Equity Theft Case
- Investor Activity in Home Purchasing Holds Steady
