Vero Beach Real Estate
Vero Beach home prices rose in June 12.1% over the last year, according to a recent report from S&P/Case-Shiller's home price index. While that gain is still robust, it didn't quite match the gain of 12.2% reported for May. Rising mortgage rates may have something to do with that. "With interest rates rising to almost 4.6%, home buyers may be […]
While increases near double digits for Vero Beach home prices have been common, home appreciation is projected to drop to 6.5% during the 12 months ending March 31, 2014, according to a report released recently. That will follow a 10.2% jump for the preceding 12 months, the first double-digit increase since the peak of the housing boom seven years ago. […]
The latest Case-Shiller report that includes Vero Beach home prices is out, and June saw the first year-over-year increase since 2010. Here’s what this latest report means for the overall economy. Vero Beach home prices continue to rise, and mortgage rates have risen above 4 percent — depending on your credit and the type of mortgage you’re considering. With all […]
Soaring Vero Beach home prices are leaving fewer homeowners owing more money than their properties are worth, bringing them off the sidelines of the surging Vero Beach housing market and offering relief to buyers who are frustrated by bidding wars. As more homes are put up for sale, price increases are expected to moderate. Increasing Vero Beach Home Prices Unlocking […]
A combination of rising Vero Beach home prices and higher interest rates are making home affordability increasingly out of reach for many. Even at 4 percent, the long-term mortgage rate has been in historical territory not seen in 60 years since the low for the 30-year fixed was set at 3.31 percent last November. Interest rates for 30-year fixed-rate mortgages […]
