Vero Beach Real Estate
In this Issue for June 2013: No, NOT Another Housing Bubble Protect Yourself Against Moving Scams Home Sales Up Despite Slim Inventories No, NOT Another Housing Bubble All the news of late has been talking about another housing bubble, including our report here last month. The double-digit home price increases and the return of bidding wars have led to […]
Existing Vero Beach home sales climbed to a 3 and a half year high in April, and all indications are they will continue to climb in May and June. However, rising interest rates are the concern now. Along with Vero Beach home sales, Vero Beach home prices continued to climb with the S&P/Case-Shiller monthly home price indices for March (which […]
Burglars succeed too often because of obvious mistakes. But there are clear steps to limit burglary risk to your Vero Beach home when you're away. There are some obvious things you can do — installing deadbolt locks or double key locks (in doors with glass), getting a dog, or installing a home-security system — these require planning far in advance. […]
Could there possibly be a new Vero Beach housing bubble on the horizon? The latest S&P/Case-Shiller Home Price Index showed prices in the nation's 20 largest cities had the biggest year-over-year increase since May of 2006. Diana Olick reports for NBR that some are now worrying that we may be facing a new housing bubble. Even though signs point to […]
t's no wonder why Vero Beach new homes are being heavily influenced by baby boomers. Recent studies by the National Home Builders Association and AARP show that baby boomers are leading the push in Vero Beach new home construction trends, influencing how builders, designers and architects modify their floor plans to meet varied lifestyles and changing needs. Today's 77 million […]
Vero Beach home buyers have been flocking to the market in droves this past year, trying to take advantage of affordable prices and record-low mortgage interest rates while they still can. When it comes to applying for a mortgage — the most important aspect of the home-buying process — recent surveys found that about one in three buyers have no […]
According to a survey by Bankrate.com, 81% of Vero Beach homeowners know that a standard homeowners insurance policy doesn't cover flood damage, but a separate survey by the Insurance Information Institute found that only 13% of Vero Beach homeowners had a flood insurance policy. The Federal Emergency Management Agency (FEMA) and its National Flood Insurance Program (NFIP) identify flooding as […]
Everyone who owns a Vero Beach home must face routine maintenance, such as replacing worn-out plumbing components or staining a deck, but some choose to make improvements with the intention of increasing the home's value. Certain projects, such as adding a well thought-out family room – or other functional space – can be a wise investment, as they do add […]
A foreclosure backlog could slow the Vero Beach housing recovery. All states are not backed up with foreclosures in waiting, some are, some aren't. This backlog, coupled with the continued problem of homeowners being underwater on their mortgage, could mean the housing uptick we've seen over the past year could be confronted with a slowdown. The Vero Beach housing […]
Vero Beach home prices are rising at double digit rates. Inventories are at historic lows. Two out of five applicants for a mortgage don't qualify or are turned down. Yet nearly three quarters of all potential homebuyers say it's a good time to buy a Vero Beach home. While some would argue its always a good time to buy, conditions […]
