Vero Beach Real Estate
More and more homeowners who were once underwater and unable to move are now seeing home equity levels improve. As these equity levels improve, more people are getting in position to become "move-up Vero Beach homebuyers" once again. These move up Vero Beach homebuyers are now able to provide a substantial down payment on a new home after gaining value […]
In a move that surprised the financial markets, the Federal Reserve has said it is not yet ready to wind down its massive monetary stimulus, and that is believed to be positive news for Vero Beach mortgage rates. The surprise announcement from the Fed means it might not begin to wind down its bond buying until after Ben Bernanke's term […]
Vero Beach home prices rose in June 12.1% over the last year, according to a recent report from S&P/Case-Shiller's home price index. While that gain is still robust, it didn't quite match the gain of 12.2% reported for May. Rising mortgage rates may have something to do with that. "With interest rates rising to almost 4.6%, home buyers may be […]
While increases near double digits for Vero Beach home prices have been common, home appreciation is projected to drop to 6.5% during the 12 months ending March 31, 2014, according to a report released recently. That will follow a 10.2% jump for the preceding 12 months, the first double-digit increase since the peak of the housing boom seven years ago. […]
A sharp jump in mortgage rates from May to June are now beginning to weigh on the Vero Beach housing recovery. The two-month delay can be attributed to several factors—first and foremost that most potential home buyers lock in mortgage rates early, and sale closings can take up to two months to be finalized. Second, there may also have been […]
