More and more homeowners who were once underwater and unable to move are now seeing home equity levels improve. As these equity levels improve, more people are getting in position to become "move-up Vero Beach homebuyers" once again. These move up Vero Beach homebuyers are now able to provide a substantial down payment on a new home after gaining value […]
Tight-Fisted Lenders Causing Vero Beach Homebuyers Problems
Nearly half of all potential Vero Beach homebuyers can afford the median-priced home in the area, but that’s not much help if they can’t get a mortgage. Six years after the subprime mortgage meltdown, banks remain tight-fisted, even with solid borrowers — a fact they attribute to shifts in government regulation and demands that they buy back bad loans. Mortgage credit […]