Vero Beach Real Estate
Existing Vero Beach home sales are expected to finish the year at their highest level since 2006 according to the National Association of Realtors’ economic forecast forum revealed at its 2015 Legislative Meetings & Trade Expo. However, accelerating price growth and rising mortgage rates have the potential to change the expected finish. In the most recent existing-homes sales report, sales […]
With Vero Beach home prices continuing to rise, some fear that another housing bubble like we experienced in 2006 to 2008 may be on the horizon. We're seeing some of the same signs again like bidding wars, offers above asking price, closings before houses even hit the market. Signs that are once again becoming the norm in the real estate […]
Recent research from the National Association of Realtors (NAR) shows that distressed buyers are slowly but surely making their way back to the Vero Beach housing market. According NAR’s report, nearly 1 million borrowers who were foreclosed on, short sold their home or received a deed in lieu of foreclosure over the last eight years have already purchased a new […]
When the housing bubble burst, the desire for buyers to want bigger Vero Beach homes faded, but according to trends and statistics, that was short-lived and seems to be back to its 80-year trend of buyers wanting larger homes. Trends Moving Toward Bigger Vero Beach Homes Zillow Chief Economist Stan Humphries says the trend is back to buyers wanting bigger […]
There are signs that confidence in the Vero Beach housing market is waning a bit with the latest new home construction data. Many analysts are still trying to figure out why housing starts nose-dived in February. Privately owned housing starts in February plummeted 17%, down to an annualized 897,000 from the revised January estimate of 1,081,000. Single-family housing starts in […]
