Vero Beach home equity loans have nearly doubled this year, partly due to the continuous increase in the price of homes. The rise in home values has pulled more and more borrowers out from underwater. While the share of borrowers that cashed-out some Vero Beach home equity has increased considerably over the past year, the refinance volume has also fallen […]
Baby Boomers Staying Put With Their Vero Beach Homes
A majority of Baby Boomers surveyed recently by the non-profit Demand Institute say they plan to stay put in their Vero Beach homes. Many of the decisions to stay in their Vero Beach homes has to do with the recession. The financial crisis put an end to years of rapid wealth accumulation, causing the typical Boomer household's net worth to […]
Latest Trend in Vero Beach Housing: Roommates
With rents climbing faster than most American's paychecks, the latest trend in Vero Beach housing is finding a roommate to split the bills, and it isn't just for kids straight out of college anymore. The percentage of adults living with someone other than a spouse or partner hit 32% nationwide in 2012, up from 26% in 2000, according to Zillow's […]
Where Have First Time Vero Beach Homebuyers Gone?
First time Vero Beach homebuyers seem to be disappearing right before our eyes. The same is true nationwide, as the percentage of homes that were sold to first-time homebuyers dropped to 33% this year, the lowest percentage in almost three decades. This drop in first time Vero Beach homebuyers is despite the fact that mortgage rates are hovering near record […]
Energy Saving Tips For Your Vero Beach Home
There are three common areas in your Vero Beach home where energy is probably being lost. These energy saving tips focus on entry doors, windows, and your attic access. These are the three most common problem areas. You can correct and insulate problem areas by following these tips… . We have more Vero Beach home improvement tips and information to […]
Avoiding Regrets When Buying a Vero Beach Home
A recent survey of buyers buying a Vero Beach home indicated that a whopping 80% said there was at least one thing they regretted about the home. The number one complaint: The home just isn't big enough, mortgage information site HSH.com found. Others complained about a lack of closet space or that the place didn't have enough bathrooms. Bad neighbors […]
Existing Vero Beach Home Sales Hit One Year High
Previously owned Vero Beach home sales climbed in September to the highest level in a year, pointing to growing confidence in the U.S. economy as employment firms. Nationwide, purchases advanced 2.4 percent to a 5.17 million annual rate. Demand was up 1.9 percent compared with the same month last year before adjusting for seasonal patterns. . Of all Vero Beach […]
Fewer Vero Beach Underwater Properties
The RealtyTrac U.S. Home Equity and Underwater Report for the third quarter of 2014 released recently shows there were fewer Vero Beach underwater properties. 8.1 million U.S. residential properties were still seriously underwater—where the combined loan amount secured by the property is at least 25 percent higher than the property's estimated market value—representing 15 percent of all properties with a […]
Selling Vero Beach Real Estate – FSBO Dangers
Many Vero Beach homeowners think they know their homes better than anyone, and it's probably true. But that doesn't mean they're the best person for the job when it comes to selling Vero Beach real estate, especially their own property. Some sellers are tempted to try a For Sale by Owner (FSBO) transaction because the Vero Beach community is in […]
Vero Beach Real Estate News – November 2014
In our Vero Beach Real Estate News for November 2014: Pending Vero Beach Home Sales Up Slightly in September Pending Vero Beach home sales ticked up slightly in September after dropping in August, as it remained difficult to qualify for mortgage financing. Nationwide, The National Association of Realtors' Pending Homes Sales Index, which is based on contracts signed for previously-owned […]