Buyers will likely see a significant jump in their monthly payments next year. Mortgage payments are forecasted to rise 8.4 percent in 2019 due to the increase in mortgage rates, according to S&P Global Ratings’ latest housing market update.Over the last year, the mortgage payment growth rate has exceeded the numbers seen for home price appreciation. That trend is expected to continue into next year.Housing affordability remains a chief co
Single-family rental giants, such as Invitation Homes and American Homes 4 Rent, are in search of more homes to buy, and they’re increasingly turning to iBuyers to find inventory. iBuyers, like Opendoor, Offerpad, and Knock, are tech companies that buy homes from sellers with instant cash offers and then put the homes back on the market.Single-family rental companies purchasing homes from iBuyers increased from 3.9 percent of total iBuyer sal
About RodHelping clients in the greater Tampa/Clearwater/St. Petersburg, Fl. area!Purchasing or investing in real estate can be very rewarding and there isn't a better time to invest in real estate than now. Purchasing real estate involves making very important decisions and for this reason we have highly trained staff that can help you make all of these important decisions. We will lead you in the right direction and help you every step of the w
A tale of two housing markets is unfolding nationwide, with homes in large cities seeing deep price cuts while those in smaller markets experience growth, according to realtor.com®’s November housing report. “The housing market is a ‘Tale of Two Cities’ as the divergence widens between high-cost, large urban areas and smaller, more affordable markets,” says realtor.com® Chief Economist Danielle Hale. “Buyers in large metros are seei
Failing to factor in closing costs. “The biggest mistake that first-time home buyers make is they forget that they need closing costs—not just the down payment of, say, 10 or 20 percent,” Corcoran told CNBC. Closing costs can add up—typically an extra 2 percent to 5 percent of the total cost of the home. On a median-priced home, that could be more than $13,000.Focusing on the house at the expense of the neighborhood. Too often, first-ti
With prospective buyers traditionally taking more time off work during the holidays, it may be wise to hold an open house during this time to bring more traffic to your listing. Some buyers may even be looking to purchase a home before ringing in the new year. But in this colder season, use these tips from RISMedia to host an open house during the holidays.Shovel the sidewalk. Keep a shovel and a bag of salt in your car in case you need to clear
Foreclosure activity is on the rise in 15 states, bucking the national trend over the past few years. In October, foreclosure activity rose 55 percent in Florida, 50 percent in Georgia, 28 percent in Texas, and 24 percent in Michigan, among 11 other states experiencing sharp rises from a year ago, reports real estate research firm ATTOM Data Solutions.Further, 84 of 219 metro areas—or 38 percent—posted year-over-year increases in foreclosure
Freddie Mac has announced that it will start financing manufactured housing, which it hopes will help make homes more affordable to buyers. The mortgage financing giant says it will conduct a two-year pilot called CHOICEHome to grant conventional financing for manufactured homes with certain features, such as permanent and pitched roofs. Many of the manufactured homes also have energy-saving features, such as Energy Star Qualified Low-E windows,
Airbnb is moving beyond helping people rent out space in their homes. Now it wants to start providing the actual houses, too. The company has announced plans for a new venture that will design and build homes, called “Backyard.” Airbnb co-founder Joe Gebbia describes it as “an endeavor to design and prototype new ways of building and sharing homes.”Airbnb officials say they want to combine the use of smart-home tech and sophisticated man
Are you getting few showings for your listing, or do visitors want to leave quickly? Here are a few items that could be turning off potential buyers.Vague property descriptions. Online descriptions of just a few words—or none at all—create a missed opportunity to provide buyers with more details on why they should visit a property. Pictures aren’t always enough. Use the listing description to add details that pictures aren’t able to sh
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