The Vero Beach housing report for June from Case-Shiller and FHFA are out and show that both existing home sales and new home sales were down, even though prices were up. Inventory is also on the rise and that should continue to dampen price pressures for people looking to buy a home. Rick Sharga, EVP at Auction.com talks about the […]
Vero Beach Housing Expected to Soar in 2015
With so many economists and analysts trying to spell gloom and doom for the future of Vero Beach housing, Altos Research is saying otherwise. Altos is saying that housing recovery critics are wrong about Vero Beach housing. According to Altos, it's going to soar in 2015. "While we see signs of demand easing, we are significantly more bullish on housing […]
Should Mortgage Debt Forgiveness Relief Act Be Extended?
Until the Mortgage Debt Forgiveness relief act was created in 2007, a person who short sold his home had to pay the IRS income tax and the mortgage debt forgiven in a short sale or mortgage term work out on his home. Clearly that made short selling and certain modifications impossible for many. If distressed homeowners had to pay tax […]
How Long Before Vero Beach Home Values Fully Recover?
The question most people want to know is how long will it take for Vero Beach home values to be back to where they were before the bottom dropped out? The housing recovery began approximately 3 years ago, but many markets have still to regain values lost during the recession. Presently, Vero Beach home values are around 11.3% below their […]
7 Dumb Purchases – Vero Beach Houses Not One of Them
Buying Vero Beach houses is not on the list of the 7 dumbest purchases you could make, but these things that we tend to "treat ourselves to" usually leave us wallowing in regret later on. Buying Vero Beach Houses Not on This List If you're considering buying any one of the many Vero Beach houses on the market, psychologists say […]
Buying a Vero Beach Home – How Important is Your Job?
When buying a Vero Beach home, obviously a job is an important cog in the wheel to obtaining a mortgage. But the lending game is full of misconceptions about job gaps, job changes and occupational changes within the course of an employment time frame. Yes, you CAN get a mortgage if you switched jobs or even changed industries, you just […]
Why Vero Beach Housing May Be Slowing
Vero Beach housing has been showing signs of slowing down, and new problems facing homeowners looking to relocate, upsize or downsize, may be the reason why. The problem is that by doing so, many homeowners would be surrendering a dynamite mortgage interest rate, which means even if the home they want to buy is about the same price or just […]
Vero Beach Real Estate News – August 2014
In our Vero Beach Real Estate News for August 2014: Vero Beach Housing is Faced With Cautious Optimism Vero Beach housing is facing cautious optimism with mixed signals coming in from several economic reports and surveys. According to the July 2014 U.S. Economic Housing Outlook released recently by Freddie Mac, residential fixed investment fell 4 percent in the first quarter. […]
Housing Starts and Permits Decline in June
Housing starts and building permits in the U.S. unexpectedly fell in June, suggesting the housing market recovery was struggling to get back on track after stalling in late 2013. The Commerce Department reports groundbreaking declined 9.3 percent to a seasonally adjusted annual 893,000 million unit-pace, the lowest since September. For more Vero Beach real estate news, click the Vero Beach […]
Why Young Vero Beach Homebuyers Are Holding Back
The younger generation of potential Vero Beach homebuyers are finding barriers to homeownership almost overwhelming. The lack of affordable homes, student debt, and unemployment, are keeping many of these young would-be-buyers either renting, or living with parents. This inability for young Vero Beach homebuyers to get started as homeowners is taking some of the punch out of the housing recovery. […]
