2014 was an encouraging year for the Vero Beach housing sector. Housing nationwide found itself on a bit of a roller coaster. 2014 kicked off with the "Polar Vortex" blamed for slowing home sales in the early part of the year. As we close the door on 2014, the National Association of Realtors says sales of previously owned homes fell […]
First Time Vero Beach Homebuyers Disappearing
First-time Vero Beach homebuyers now account for only one-third of all home purchases, the lowest share since 1987. That's according to an annual survey conducted by the National Association of Realtors, which questioned a random sample of people who purchased homes between July 2013 and June 2014. Reasons First Time Vero Beach Homebuyers Are Vanishing Of the many reasons first […]
Winter: Good Time To Buy Vero Beach Real Estate
So you started thinking about selling your Vero Beach real estate, and you figure: Let's wait until the spring or early summer before listing. The yard will look its best and potential buyers will be out in force. And everybody knows that winter is dead time for Vero Beach real estate. Right? Well, that's the widely held belief. But national […]
Vero Beach Housing Predicted to Strengthen Next Year
Vero Beach housing is expected to strengthen along with the economy in 2015, according to Freddie Mac's U.S. Economic and Housing Market Outlook for November. Frank Nothaft, Freddie Mac's chief economist, said recently that “the good news for 2015 is that the U.S. economy appears well-poised to sustain about a 3 percent growth rate in 2015 — only the second […]
More Than One Third Cannot Buy Vero Beach Homes
Rising prices of Vero Beach homes have helped restore home equity to many, but more than a third of potential homebuyers — 38 percent — earning the national median household income of $63,900 cannot afford to buy Vero Beach homes that sold over the last quarter. Rising Prices of Vero Beach Homes Partly to Blame The rising prices of Vero […]