Mortgage amounts are rising more quickly than Vero Beach home prices, an unusual phenomenon that seems to confirm continued weakness at the lower end of the housing market, according to the Mortgage Bankers Association. When Mortgages Began to Exceed Vero Beach Home Prices The average size of mortgage loans began to outpace the recovery in Vero Beach home prices in […]
Vero Beach Real Estate News – March 2015
In our Vero Beach Real Estate News for March 2015: Home Prices Up Year-Over-Year Home prices across most of the country were down for December, but still faired better than they were a year ago. Black Knight Financial Services released its latest Home Price Index Report this past week, which showed that home prices nationwide were down an almost-flat 0.1 […]
Vero Beach Home Prices Rise in August
Vero Beach home prices increased in August, yet the pace of these gains continues to slow, helping to improve affordability for potential buyers. Real estate data provider CoreLogic said recently that Vero Beach home prices rose 6.4 percent in August compared with a year ago. That marks a decline from an annual gain of 6.8 percent in July. Vero Beach […]
Growth of Vero Beach Home Prices Slows for July 2014
The growth of Vero Beach home prices, both the quarter-over-quarter and year-over-year, are lower than they were 12 months ago, but wages are not keeping up. This word according to data released from Trulia for July 2014. The month-over-month increase in asking Vero Beach home prices of 0.8% was in line with the average monthly gain over the past year, […]
Vero Beach Home Prices Hitting Record Highs
Vero Beach home prices are hitting highs not seen in years, thanks mostly due to low inventory. Still, as many borrowers struggle with unwieldy mortgage payments, and certain areas are still deluged by foreclosures, news of record high prices are causing some concern. Looking forward, economists expect home-price growth to slow down. CoreLogic’s deputy chief economist Sam Khater said in […]