Vero Beach Real Estate
Traditionally, Vero Beach home sales tend to slow down heading into fall and winter, but that doesn't seem to be the case this year. Instead of the usual seasonal slowdown, October data show the 2013 fall market moving at a fast pace, according to Errol Samuelson, president of Realtor.com. "Inventory has returned to last year's levels, but prices continue to […]
For those who don't understand the term "tapering", in plain English, here is how it could affect Vero Beach real estate and mortgages going forward. Tapering means that the Fed will reduce the amount of mortgage and treasury bonds it purchases each month. It was doing this in an effort to stimulate borrowing and economic activity by keeping interest rates […]
Cooler temperatures in October didn't really seem to affect Vero Beach home sales, as the housing market continues to post positive metrics. There were signs of continued resilience in the Vero Beach housing market last month. Most of the metrics tracked by HousingPulse were positive for October and the few negative metrics appear to be seasonal. Pending Vero Beach home […]
Vero Beach home prices, along with home prices across much of the country, are back to their mid-2004 levels. This news comes from the S&P/Case Shiller index as of September 2013. Vero Beach home prices jumped again in September, marking their biggest annual gain in at least 7-1/2 years. Nationwide, the price index is up 13.3 percent year-over-year, the strongest […]
Statistics from the Mortgage Bankers Association indicate an increase in Vero Beach new home sales in October. MBA's Builder Application Survey for October shows mortgage applications for Vero Beach new home sales increased by 11 percent from September. The change doesn't include any adjustments for seasonal patterns. Breaking the data down by product type: Conventional loans accounted for 67.5 percent […]
