Vero Beach Real Estate
Vero Beach housing sector fundamentals remain favorable despite the recent rise in interest rates and the sharp drop in housing starts in June. The decline in housing starts was almost all in the volatile multi-family sector. Single-family starts remained in a range just below 600,000 nationwide, while multi-family fell 26 percent to 245,000. Multi-Family Important in Vero Beach Housing Multi-family […]
First time Vero Beach home buyers are being squeezed out of the housing market recovery due to a sharp rise in home prices, a recent jump in mortgage rates, tighter lending practices, and competition from investors picking up lower-priced property for cash. This report comes from The Wall Street Journal. Vero Beach Home Buyers Profile: First time Vero Beach home […]
Rising mortgage rates are the biggest worry for prospective Vero Beach home buyers. Bigger than rising prices and the lack of available inventory, according to a survey released recently by Trulia. The survey suggested that rates — which remain below 5% — aren't likely to be a deterrent to Vero Beach home buyers just yet. Mortgage rates have jumped in […]
Did Fed Chairman Ben Bernanke hurt the Vero Beach housing recovery when he said recently that he thought the housing market is strong enough to stand on its own feet. If that was the message Bernanke was trying to deliver for the U.S. economy, investors seemed to have received it loud and clear. Did Bernanke kill the Vero Beach housing […]
Signs of a strengthening housing market continue to surface, with single family new home sales reaching their highest level in nearly five years during May. The Commerce Department reports that sales increased 2.1 percent to a seasonally-adjusted annual rate of 476,000 units — the highest level since July 2008. Third Straight Month for New Home Sales Gains May also marks […]
