Vero Beach Real Estate
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 […]
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 […]
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 […]
Vero Beach home prices are hitting highs not seen in years, thanks mostly due to low inventory. Still, as many borrowers struggle with unwieldy mortgage payments, and certain areas are still deluged by foreclosures, news of record high prices are causing some concern. Looking forward, economists expect home-price growth to slow down. CoreLogic’s deputy chief economist Sam Khater said in […]
Raising the necessary cash for a down payment is the toughest hurdle first time Vero Beach home buyers face on the road to home ownership. For many, government programs like FHA, USDA Rural Development guaranteed loans, VA loans and down payment assistance programs sponsored by state and local housing authorities have made a big difference. Yet requirements by lenders in […]
