Vero Beach Real Estate
According to the latest forecast from Freddie Mac's economists, Vero Beach mortgage rates are expected to hit 5 percent for a 30-year fixed rate loan in 2015. Expect to see interest rates climb throughout 2015, with yields on the 10-year Treasury averaging about 2.9 percentage points, up from about 2.6 percentage points in 2014, and 30-year fixed Vero Beach mortgage […]
With the holidays upon us, you're probably thinking about gifts and relatives. But that's not all you should be thinking about. Take 30 minutes now to plan for next April, and that half hour could save money ($1000 or more) come tax time. Here's how… . Get more tips, news and articles about taxes by checking out our other articles […]
In October, Fred Watt, the director of the FHFA, announced that he plans to allow 3% down payment mortgages for the many financial institutions that Fannie and Freddie guarantee. He states that his intention is to include more minorities and people who had their savings wiped out by the Great Recession re-enter the housing market. This comes at a time […]
Vero Beach housing is expected to strengthen along with the economy in 2015, according to Freddie Mac's U.S. Economic and Housing Market Outlook for November. Frank Nothaft, Freddie Mac's chief economist, said recently that “the good news for 2015 is that the U.S. economy appears well-poised to sustain about a 3 percent growth rate in 2015 — only the second […]
Rising prices of Vero Beach homes have helped restore home equity to many, but more than a third of potential homebuyers — 38 percent — earning the national median household income of $63,900 cannot afford to buy Vero Beach homes that sold over the last quarter. Rising Prices of Vero Beach Homes Partly to Blame The rising prices of Vero […]
In our Vero Beach Real Estate News for December 2014: Vero Beach Lease Purchase Full of Pittfalls In a Vero Beach lease purchase, in most cases, you will rent at a higher cost than the going market rate. Prior to moving in, you agree on a potential purchase date and purchase price for the home. You may buy the property […]
More people closed on a Vero Beach home or condo last month, with sales of existing Vero Beach homes rising to the highest level since September 2013. Vero Beach Home Sales Mirror National Numbers The same trend that Vero Beach home sales are seeing holds true across most of the rest of the country as well. The National Association of […]
Families are losing their Vero Beach homes because of unpaid utility bills. It's happening all over America, not just in the Vero Beach area… . Losing Vero Beach homes over unpaid water or sewer bills seems unreal indeed, but it is happening. So keep this story in mind before you decide to dig your heels in and refuse to pay […]
It seems that smaller Vero Beach homes may finally be making a comeback. Data released recently by the Commerce Department shows the median size of a single-family home built in the third quarter was 2,414 square feet, down 2.3% from the second quarter measure of 2,472. New Vero Beach Homes Smaller The third-quarter figure is the lowest since 2012's fourth […]
This week's "Slap in the Face" Award goes to our devoted public servants in Washington, who've decided the Vero Beach housing market isn't moving fast enough. To correct this, they're lowering lending requirements, and some mortgages will not require a down payment… again. Really? We mean, REALLY? . The Vero Beach housing market, or any other housing market in the […]
