A foreclosure backlog could slow the Vero Beach housing recovery. All states are not backed up with foreclosures in waiting, some are, some aren't. This backlog, coupled with the continued problem of homeowners being underwater on their mortgage, could mean the housing uptick we've seen over the past year could be confronted with a slowdown. The Vero Beach housing […]
Good Time to Buy a Vero Beach Home Despite Seller’s Market
Vero Beach home prices are rising at double digit rates. Inventories are at historic lows. Two out of five applicants for a mortgage don't qualify or are turned down. Yet nearly three quarters of all potential homebuyers say it's a good time to buy a Vero Beach home. While some would argue its always a good time to buy, conditions […]
March Pending Vero Beach Home Sales Improve
Vero Beach home sales in March continued to show signs of improvement, in spite of the tight housing supply that is plaguing the market. Home sales are somewhat stuck due to the limited number of homes available to buy, which is somewhere near 17 percent below year-ago levels. Some home owners are still hesitant to sell, noticing the recent price […]
Vero Beach Housing Market: Homeowners and Renters Optimistic
It's no surprise that things have been looking up for the Vero Beach housing market for several months now. But solid statistics now show that people are just as optimistic about mortgage rates as they are the Vero Beach housing market. An analysis of Fannie Mae's monthly telephone survey of just over 1,000 homeowners and renters shows that views on […]
Foreclosed Vero Beach Home Buyers Want Back In
Many previously foreclosed Vero Beach home buyers are now wanting back in to the home market. In what economists call "The Boomerang Buyers", many who lost their homes to foreclosure are now wanting to buy again. With more and more people who previously lost their home to foreclosure getting back in to an already crowded market, it's no wonder why […]
