1 in 3 millennial buyers takes out an FHA loan (8/19/2016)
Ellie Mae’s Millennial Tracker: The average age when millennials buy is 29, and their average June FICO score was 723 – up from 722 in May and 721 in April.
Is the benefit of good school district overrated? (8/5/2016)
ATTOM study: Homes in good districts cost 77% more than those near low-rated schools, making it less expensive overall to buy cheap and pay for private school.
In 6 Fla. cities, 1 out of 3 renters could be buyers (8/5/2016)
NAR: Many renters who can afford to buy a home are holding back: In Lakeland, 41% of renters can afford a home; in Tampa, 38%. Even in Miami, the lowest Fla. city on NAR’s list, 1 out of 5 renters (18.5%) could be owners.
NAR study: Most in U.S. say it’s a good time to buy (7/13/2016)
Renters, however – notably half of young adults with student debt – aren’t comfortable taking out a mortgage. Overall, more homeowners think it’s a good time to sell but fewer buyers think it’s a good time to jump into the market.
Half of Fla. Realtors at current firm only one year (7/12/2016)
Fla. 2016 Member Profile: A typical Fla. Realtor in 2015 was a 52-year-old woman. Her median gross income was $28,160 last year, and the median number of transactions was nine. Almost half of all members had a deal involving a foreclosure.
NAR: Military niche has younger buyers, bigger homes (5/3/2016)
NAR did a study to uncover the difference between military and traditional buyers. One finding: Almost all military buyers use a real estate agent.
March home price gains highest since 2007 (4/21/2016)
RealtyTrac: U.S. home selling prices averaged 17% higher than the owner’s purchase price in March, and Fla. metro areas hold the five top spots for all-cash sales.
2015 vacation sales retreat, investment sales leap (4/7/2016)
NAR: Vacation home purchases dropped but still hit their second-highest level in almost a decade – and investment purchases rose for the first time in five years.
NAR survey: U.S. needs single-family construction (3/15/2016)
A majority of households (75%) still want a single-family home in the suburbs – only 15% of current homeowners and 21% of renters prefer a home in the city.
Millennials like the suburbs after all (3/10/2016)
NAR survey: The suburban migration is making a comeback. Year-to-year, fewer young adults chose city living and opted for homes farther out.
Use Florida Realtors Residential Price Index to help home sellers (10/16/2012)
Florida Realtors Residential Price Index helps sellers understand local price trends and its impact on current value.