Vero Beach Real Estate
Vero Beach home sales in August reached their highest point in more than six years, but don't expect this upward trend to continue. That's the word from the National Association of Realtors, which reports sales of single-family homes, town homes and condominiums rose 1.7 percent in August to a seasonally adjusted annual rate of 5.48 million. That's the highest pace […]
In a move that surprised the financial markets, the Federal Reserve has said it is not yet ready to wind down its massive monetary stimulus, and that is believed to be positive news for Vero Beach mortgage rates. The surprise announcement from the Fed means it might not begin to wind down its bond buying until after Ben Bernanke's term […]
Even though we're still six months or so away from that dreaded tax filing season, we wanted to bring to your attention some easy tax mistakes Vero Beach home owners often make and end up paying more than necessary to Uncle Sam. Making any one of these tax mistakes as they relate to your Vero Beach home can cost you […]
If you're thinking about buying a Vero Beach home and you've ever driven by a particular house and wondered if it'll ever go on sale, perhaps what you should do is make an offer, even if the home is not for sale. It's a different way of buying a Vero Beach home, and it's starting to catch on… To get […]
Do you have adequate Vero Beach home insurance? Are your home's contents insured? Are you absolutely certain? If you're under-insured, from a legal point of view, you may as well not be insured at all. Your insurer may simply scale back your claim by the amount you're under-insured, but they would be within their rights to reject the claim totally. […]
During the days of the housing boom, "sub-prime mortgages" — aka 'home loans for people with bad credit' — were very popular. After the housing bust and the financial crisis of 2008, most banks stopped issuing sub-prime mortgage loans, and it became much more difficult for people with bad credit to qualify for a loan to buy a house. Now […]
Young Vero Beach homeowners, as well as those "wanting to be homeowners" are struggling in the job market, which points to possible bad news for the housing industry. According to the Bureau of Labor and Employment Statistics, only 74.8% of young adults are working — the lowest number in 12 months and far below normal levels. During the recession, between […]
Selling your Vero Beach home yourself and going the "For Sale By Owner" route is a well-intentioned concept. The most common reason people do it is to save money on commission — the sales fee that is split between real estate agents and brokers. Who doesn't want to save money? But the reality is, many sellers who sell "By Owner" […]
Real Estate Expert Brendon DeSimone appeared on Fox Business News recently and talked about the future of the housing market, and what he thinks is going to happen with mortgage rates. The Vero Beach housing market is still not where it was during its pre-recession peak, but buyer demand seems to be closing the gap. According to Zillow.com, July’s Vero […]
Vero Beach home prices rose in June 12.1% over the last year, according to a recent report from S&P/Case-Shiller's home price index. While that gain is still robust, it didn't quite match the gain of 12.2% reported for May. Rising mortgage rates may have something to do with that. "With interest rates rising to almost 4.6%, home buyers may be […]
