South Florida Real Estate Remax

06/09/2023

Interesting story:

During the Great Recession, lenders charged-off second-mortgages and sold them to investors, who are now demanding payment from surprised homeowners.

05/23/2022

Sellers can shield $250K of profit from capital gains taxes, but as home values rise, some filling out their IRS forms now discover that Uncle Sam wants a cut.

05/10/2022

Wary buyers and rising interest rates may affect some U.S. markets, but Fla.’s rising demand and lack of construction will probably offset a potential cooldown.

04/25/2022

Study: Over 25% of houses bought by professional rental investors in 4Q 2021 were new-construction properties. In 3Q 2019, they bought 3% of newly built homes.

04/05/2022

Rates likely will continue to rise. An Oct. Bankrate survey says that among homeowners who’ve had a mortgage since before the pandemic, 74% have not refinanced.

02/11/2022

After three fairly calm weeks, the average rate for a 30-year, fixed-rate mortgage rose to 3.69% from last week’s 3.55%.

12/01/2021

U.S. home prices rose 18.5% year-to-year in 3Q, but the increases in eight Fla. metros ranged from 20.5% in Central Florida to 34.7% in Cape Coral-Fort Myers.

11/01/2021

Scam alert: The pandemic led to an increase in online transactions, giving scammers a new window of opportunity: They’re contacting members as sellers who want to list their “home” – but it’s for a property they don’t actually own.

09/29/2021

A price increase of almost 20% year-to-year is unheard of – until now. Home prices hit record highs in 19 of the 20 cities included in monthly Case-Shiller reports.

09/14/2021

Survey: 30% of buyers said they paid more than expected on their home due to competition; of those who paid more, 32% said it was $52K or more over the asking price.

09/07/2021

The overheated market may be slowly cooling. Even if July numbers just reflect the usual summer slowdown, it could mean traditional patterns are starting to return.

09/06/2021

Realtor.com got 18K more new listings in Aug. 2021 than it did in Aug. 2020 – and more were affordable, entry-level homes. Realtor.com’s economist says it’s still a seller’s market, but a well-priced home might get 3 bids now compared to the 10 it would have received in 2020.