Vero Beach Real Estate
The US Commerce Department reported that sales of new single-family homes dropped to a near one-year low last month. The recent setback occurred despite two consecutive months of sales gains. Industry experts say Vero Beach housing remains on firm ground thanks, in part, to a rise in home prices. A Closer Look at Vero Beach Housing The 11.5% drop in […]
The House of Representatives recently voted to pass a bipartisan bill to provide a "hold harmless" grace period for Vero Beach mortgage lenders for the implementation of the Consumer Financial Protection Bureau's (CFPB's) TILA-RESPA Integrated Disclosure (TRID) Rule. The new rule went into effect October 3rd. "Good Faith" From Vero Beach Mortgage Lenders Extending the grace period until February 1, 2016, the Homebuyers […]
Vero Beach housing is obviously affected by interest rates, and recently, the much anticipated rate hike by the Federal Reserve was once again put on hold because Fed Chairwoman Janet Yellen said she thinks the housing market is still not where it needs to be. Jeff Taylor of Digital Risk appeared on Fox Business News after Yellen's comments about the […]
The effects of a down economy over the past few years has taken its toll on first-time Vero Beach homebuyers. Industry experts cite the inability of young Americans to accumulate savings for down payments and an unstable job market as major reasons. The result is they are sitting on the sidelines longer than ever before jumping into the home buying […]
In a recent speech given in Cleveland, OH Federal Reserve chair Janet Yellen said she anticipates raising interest rates before the end of the year. She went on to say that the frequency of any increases would be gradual and would depend on the continued improvement of the U.S. economy. “… I want to emphasize that the course of the […]
