Miami's prospective homebuyers are delaying their searches or looking outside the market entirely, BofA survey says
Miami's prospective homebuyers are delaying their searches or looking outside the market entirely, BofA survey says
Abstract
The median sales price jumped 21.8% for single-family homes and 17.7% for condos in April, according to the Florida Realtors. South Florida continues to attract buyers from out of state, the question is whether rising prices and rates will dash the dreams of many prospective homebuyers in South Florida.
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The sobering combination of surging home prices and rising interest rates has caused many prospective homebuyers in South Florida to rethink their plans, according to a new survey by Bank of America.
The median sales price jumped 21.8% for single-family homes and 17.7% for condos in April, according to the Florida Realtors. Home sales slowed in April. While South Florida continues to attract buyers from out of state, the question is whether rising prices and rates will dash the dreams of many p...
The sobering combination of surging home prices and rising interest rates has caused many prospective homebuyers in South Florida to rethink their plans, according to a new survey by Bank of America.
The median sales price jumped 21.8% for single-family homes and 17.7% for condos in April, according to the Florida Realtors. Home sales slowed in April. While South Florida continues to attract buyers from out of state, the question is whether rising prices and rates will dash the dreams of many p...
Raleigh Homes & Real Estate
Leslie Ward
Realtor®
Hannah Hutchinson
Director of Operations, Transaction Coordinator, and Realtor®
Millennial Homebuyers
Millennial homebuyers are on the rise, and for good reason - interest rates are still historically low. With the increase in student loan debt, frequent career shifts, and living through the 2008 housing crisis, many may consider millennials financially insecure and opposed to home...
Raleigh Homes & Real Estate
Leslie Ward
Realtor®
Hannah Hutchinson
Director of Operations, Transaction Coordinator, and Realtor®
Millennial Homebuyers
Millennial homebuyers are on the rise, and for good reason - interest rates are still historically low. With the increase in student loan debt, frequent career shifts, and living through the 2008 housing crisis, many may consider millennials financially insecure and opposed to home...
Discover how single women are flexing their homebuying power, find out the best week to list your home if you’re looking to sell, and why Phoenix, AZ is so hot.
Discover how single women are flexing their homebuying power, find out the best week to list your home if you’re looking to sell, and why Phoenix, AZ is so hot.
In this article As today's prospective home buyers confront high home prices and rising interest rates, there's one thing they can do to save money — raise their credit scores. "This is one actionable thing buyers can do to save a little bit of money in this market," said Amanda Pendleton, consumer finance expert at Zillow Home Loans. A new analysis from Zillow finds home buyers with lower credit scores may pay $103,626 more over the life of a 30-year fixed mortgage loan than someone with an e...
In this article As today's prospective home buyers confront high home prices and rising interest rates, there's one thing they can do to save money — raise their credit scores. "This is one actionable thing buyers can do to save a little bit of money in this market," said Amanda Pendleton, consumer finance expert at Zillow Home Loans. A new analysis from Zillow finds home buyers with lower credit scores may pay $103,626 more over the life of a 30-year fixed mortgage loan than someone with an e...
Steering in real estate is the illegal practice of discriminating against renters and buyers based on a legally protected characteristic. Steering can occur consciously or even unconsciously when real estate agents make assumptions about what a customer wants or needs based on the customer’s personal characteristics, including race, gender, and sexual orientation. An example of this would be an agent not showing homes to Black homebuyers in a predominantly white neighborhood, while guiding whi...
Steering in real estate is the illegal practice of discriminating against renters and buyers based on a legally protected characteristic. Steering can occur consciously or even unconsciously when real estate agents make assumptions about what a customer wants or needs based on the customer’s personal characteristics, including race, gender, and sexual orientation. An example of this would be an agent not showing homes to Black homebuyers in a predominantly white neighborhood, while guiding whi...
Today’s homebuyers are anteing up. Amid rising home prices, buyers are offering about twice as much cash for down payments as they did just two years ago in their quest to have their offer accepted, according to a recent report from Realtor.com®. They kicked in an average $28,000 down payment in the first quarter of this year—compared with $14,000 in the first quarter of 2020. The percentage buyers contributed also rose during the COVID-19 pandemic along with home prices. The down payments ...
Today’s homebuyers are anteing up. Amid rising home prices, buyers are offering about twice as much cash for down payments as they did just two years ago in their quest to have their offer accepted, according to a recent report from Realtor.com®. They kicked in an average $28,000 down payment in the first quarter of this year—compared with $14,000 in the first quarter of 2020. The percentage buyers contributed also rose during the COVID-19 pandemic along with home prices. The down payments ...
With a rent increase on the horizon, a couple decided to test their budget in Park Slope, Brooklyn Heights and Lenox Hill, looking for space for their foster dogs and, eventually, a baby.
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It turns out the property brothers are not the only twin bros on the reality renovation scene. On the new HGTV show “Buy It or Build It,” Chris and Calvin LaMont help homebuyers decide whether they want to purchase an existing house or design their own. Born in New Jersey, the LaMont brothers attended college at Lehigh University where they both played football (Calvin was a defensive back, Chris a linebacker). After graduating in 2007, they moved to Dallas, where they started their own jan...
Pets are taking over, and here are three ways they're affecting
homebuyers' decisions in
buying a home process.
1. Outdoor space
Private outdoor space is high on the list for homeowners.
2. Proximity to amenities
Easy access to dog parks, vets, pet stores, and pet-friendly
businesses is a plus.
3. Neighborhood culture
When potential buyers see neighbors walking dogs, it can give
the
neighborhooda friendly and welcoming feel.
Pets are taking over, and here are three ways they're affecting
homebuyers' decisions in
buying a home process.
1. Outdoor space
Private outdoor space is high on the list for homeowners.
2. Proximity to amenities
Easy access to dog parks, vets, pet stores, and pet-friendly
businesses is a plus.
3. Neighborhood culture
When potential buyers see neighbors walking dogs, it can give
the
neighborhooda friendly and welcoming feel.