Vero Beach Real Estate
After taking a break in the summer, Vero Beach home prices got back up to strength in September, according to statistics reported by DataQuick in the company's monthly Property Intelligence Report. Other metrics, however, weakened. Vero Beach Home Prices See Rapid Growth DataQuick reported that Vero Beach home prices "resumed at a rapid rate of growth in September and spread […]
The down side of rising home prices and tighter inventories is the decline of Vero Beach housing affordability. A new study from Interest.com found that the American dream of owning a home is slipping out of reach of more and more families. Vero Beach Housing Prices Outpace Income Along with robust Vero Beach home prices, rising interest rates combined with […]
Vero Beach home prices were largely unaffected by the 16 day government shutdown. Aside from asking prices, the housing market remains uncomfortably tied to Washington and its budget mess, such as the shutdown's effect on mortgage processing for home purchases and the potential effect of a default on the housing market and economy. Other Factors Affect Vero Beach Home Prices […]
Effective October 1, 2013, HUD has announced the following changes to their Federal Housing Administration (FHA) short sale requirements. To be eligible, one must successfully complete a short sale under the FHA short sale program. Short Sale Requirements for Vero Beach Borrowers 1) They cannot list the property with or sell it to anyone with whom they are related or […]
There is doubt circulating as to whether the Vero Beach housing recovery will continue. Mortgage applications are down and refinancing is down dramatically since interest rates started rising throughout the summer. A lot of banks are laying off workers in the mortgage refinancing departments in anticipation of slower refinance applications into the future. In a recent CNBC interview, Anthony Chan, […]
