Vero Beach Real Estate
Higher rates for Vero Beach flood insurance under the National Flood Insurance Program took effect on April 1st. The increase hiked individual policy premiums for homeowners in high-risk areas by as much as 25 percent. The Homeowner Flood Insurance Affordability Act of 2014 carries some premium increases of up to 18 percent for primary homeowners and 25 percent for owners […]
When the housing bubble burst, the desire for buyers to want bigger Vero Beach homes faded, but according to trends and statistics, that was short-lived and seems to be back to its 80-year trend of buyers wanting larger homes. Trends Moving Toward Bigger Vero Beach Homes Zillow Chief Economist Stan Humphries says the trend is back to buyers wanting bigger […]
Vero Beach homeowners, or at least half of them, plan to do some sort of renovations this year. This is according to an annual survey by LightStream, which also determined this year's most popular renovation projects. (LightStream is an online lending division of SunTrust Banks Inc.) Renovation Projects Vero Beach Homeowners Plan to Do Landscaping, deck/patio or other outside renovations […]
In our Vero Beach Real Estate News for April 2015: Renters Squeezed By Higher Vero Beach Housing Costs Renters are being squeezed in the Vero Beach housing market by a disproportionate growth in rental costs on one side and stagnant income on the other. New research finds that rent growth is far exceeding wages, according to the National Association of […]
Mortgage amounts are rising more quickly than Vero Beach home prices, an unusual phenomenon that seems to confirm continued weakness at the lower end of the housing market, according to the Mortgage Bankers Association. When Mortgages Began to Exceed Vero Beach Home Prices The average size of mortgage loans began to outpace the recovery in Vero Beach home prices in […]
About two-thirds of millennials, adults between the ages of 18-34, who plan to become Vero Beach home buyers are largely unaware of closing costs, creating a form of "sticker shock" for the largest generation in history. The finding comes from a survey by ClosingCorp. Across all adult age categories, more than one-third of potential homeowners are "Not Very" or "Not […]
There are signs that confidence in the Vero Beach housing market is waning a bit with the latest new home construction data. Many analysts are still trying to figure out why housing starts nose-dived in February. Privately owned housing starts in February plummeted 17%, down to an annualized 897,000 from the revised January estimate of 1,081,000. Single-family housing starts in […]
Thinking of putting your Vero Beach house on the market? Well, the spring home selling season is finally here, so now is the time to get your Vero Beach house in order if you plan to sell. A home can be ready to list in as little as a month, especially if it's in good shape and you're working with […]
Many Vero Beach properties were still underwater at the end of 2014. According to CoreLogic, about 5.4 million homes, or 11 percent of all U.S. residential properties with a mortgage, were still in "negative equity" at the end of the fourth quarter of 2014, meaning that a borrower owes more on a Vero Beach home than it is worth. These […]
Buying a Vero Beach home is not always first in the minds of newlyweds, especially when you stop to think that total average spending on weddings has now exceeded $31,200! One might ask, "Should you spend that much on a wedding, or use the same dollars for a down payment on a Vero Beach home?" The website, The Knot, reports […]
