We've often times warned readers of this blog to steer clear of a foreclosure home, no matter how good of a deal it may seem. This NBC News investigative report is just one of many reasons why we continue to discourage anyone from buying a Vero Beach foreclosure home… Buying a Vero Beach foreclosure home can be very risky, as […]
Student Debt Starting to Hurt Vero Beach Housing
One of the biggest threats to the Vero Beach housing recovery now seems to be the huge increase in student debt over the past 8 to 10 years. With students financing their education, many get out of college so deep in debt they cannot even begin to fathom buying a home. It's like the major phone company commercials on TV… […]
Vero Beach Homes Selling as Fast as During the Housing Boom
With strong demand and limited supply, Vero Beach homes are selling as fast, or faster, as they did during the boom years of 2005 and 2006. Of course, the circumstances are quite different. Homes are now selling nearly three times as fast as they normally would. The average number of days a listing stayed on the market in April was […]
Existing Vero Beach Home Sales Up
Existing Vero Beach home sales climbed to a 3 and a half year high in April, and all indications are they will continue to climb in May and June. However, rising interest rates are the concern now. Along with Vero Beach home sales, Vero Beach home prices continued to climb with the S&P/Case-Shiller monthly home price indices for March (which […]
New Vero Beach Housing Bubble?
Could there possibly be a new Vero Beach housing bubble on the horizon? The latest S&P/Case-Shiller Home Price Index showed prices in the nation's 20 largest cities had the biggest year-over-year increase since May of 2006. Diana Olick reports for NBR that some are now worrying that we may be facing a new housing bubble. Even though signs point to […]
