Several new initiatives were announced recently at the Making Home Affordable summit that will hopefully spur the Vero Beach housing market. U.S. Treasury Secretary Jacob Lew identified three specific issues that are holding back Vero Beach housing and announced plans to address each of those issues. Three New Plans to Help Vero Beach Housing: The extension of the Making Home […]
Millennials Key to Stronger Vero Beach Housing Recovery
The Vero Beach housing recovery should regain its footing, but at the same time, faces a number of challenges. This, according to a new survey by the Joint Center for Housing Studies at Harvard University. The State of the Nation's Housing report released recently says tight credit, high unemployment and mounting student loan debt among young Americans are moderating growth […]
Vero Beach Real Estate Market Natural Disaster Risk
Many prospective homebuyers in the Vero Beach real estate market don't consider the risk of natural disasters like hurricanes, earthquakes, tornadoes, and flooding when buying a home. But like many markets throughout the U.S., the Vero Beach real estate market is at some risk of a natural disaster. Darren Blomquist, Vice President of RealtyTrac, takes a look at the risk […]
Vero Beach Real Estate News – July 2014
In our Vero Beach Real Estate News for July 2014: Are We Facing Another Vero Beach Housing Bubble? By most accounts, Vero Beach housing is on the rebound – sales are up, prices are up, building permits and starts are up, and confidence is also up. (See our next article about "Housing Coming Out of its Recent Slump") But should […]
Common Vero Beach Mortgage Mistakes
If you've closed on a home and you're just starting out with a Vero Beach mortgage on that home, there are some common mistakes you need to be aware of. They generally come down to making sure you clearly communicate what you're intending to do with the money you're sending in for your Vero Beach mortgage. Common Vero Beach Mortgage […]
How NOT to Sell Vero Beach Homes
If you want to sell your Vero Beach home, everyone knows there are some things you need to do in order to make your home stand out from the others on the market. But here are 5 things NOT to do when trying to sell Vero Beach homes, unless you're not really serious about the idea of selling in the […]
Buying a Vero Beach Home With Student Loan Debt
For young people, moving to the Vero Beach and buying a Vero Beach home hasn’t made much mathematical sense for decades. But now add a new economic fact of life to the list: soaring student loan debt. More students are taking out bigger loans than ever before, and in the last 10 years alone, education debt tripled, reaching over $1 […]
Why Vero Beach Home Buyers Won’t Take the Leap
Here we are, half way through the year, and Vero Beach home buyers are just not jumping on the idea of buying a home. The spring buying season was down 1.2 percent in May, and declines in borrowing to buy a home in the month of May are virtually unprecedented. Sales are down year over year. April sales are down […]
Buying a Vero Beach House – What Stays, What Goes
When buying a Vero Beach house, there is sometimes confusion as to what stays, and what goes. Most listing agreements will spell out things like appliances not built in, such as refrigerators, washers and dryers, and the like. In layman's terms, a fixture is something that initially was not attached to real property, such as an air-conditioning window unit or […]
Next Vero Beach Housing Market Crisis Looming?
Many lenders in the Vero Beach housing market fear another ticking time bomb may be looming on the horizon as a result of homeowners with home equity lines of credit that will soon be changing how much they pay each month. Some lenders see the problem as potentially triggering some of the same issues for borrowers that led to the […]