Vero Beach Real Estate
It seems that smaller Vero Beach homes may finally be making a comeback. Data released recently by the Commerce Department shows the median size of a single-family home built in the third quarter was 2,414 square feet, down 2.3% from the second quarter measure of 2,472. New Vero Beach Homes Smaller The third-quarter figure is the lowest since 2012's fourth […]
With rents climbing faster than most American's paychecks, the latest trend in Vero Beach housing is finding a roommate to split the bills, and it isn't just for kids straight out of college anymore. The percentage of adults living with someone other than a spouse or partner hit 32% nationwide in 2012, up from 26% in 2000, according to Zillow's […]
First time Vero Beach homebuyers seem to be disappearing right before our eyes. The same is true nationwide, as the percentage of homes that were sold to first-time homebuyers dropped to 33% this year, the lowest percentage in almost three decades. This drop in first time Vero Beach homebuyers is despite the fact that mortgage rates are hovering near record […]
New research from the real estate website Trulia finds that it's cheaper to buy a Vero Beach home than it is to rent one. The advantage narrows considerably, however, when the home buyer uses a low-down-payment loan insured by the Federal Housing Administration. The average cost of homeownership, including mortgage, insurance, taxes and maintenance, is 38 percent less than the […]
The Vero Beach housing crisis is facing a whole new and different problem in the future, as Baby Boomers retire and are forced to spend more for housing than any generation before them. By 2030, the number of adults age 65 and older will more than double to 73 million, according to a report by the Harvard Joint Center for […]
