Monthly Archive: December 2017

Dec 27 2017

Homes built to stricter standards fared better during Irma

As homeowners in Florida begin to take stock of the damage from Hurricane Irma, industry observers note that homes built to the state’s stricter building codes seem to have fared better. The feedback we’re hearing is positive,” says Rusty Payton, chief executive of the Florida Home Builders Association. “We’re all interested and there will be …

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Permanent link to this article: http://www.invest-realestate-florida.com/news-blog-post/homes-built-stricter-standards-fared-better-irma/

Dec 23 2017

NAR: Student debt delays millennial homeownership by 7 years

  Despite being in their prime home-buying years, an overwhelming majority of millennials with student debt currently don’t own a home, and many believe this debt is to blame. According to a new joint study on millennial student loan debt released by the National Association of Realtors®(NAR) and nonprofit American Student Assistance (ASA), student debt …

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Permanent link to this article: http://www.invest-realestate-florida.com/news-blog-post/nar-student-debt-delays-millennial-homeownership-7-years/

Dec 20 2017

Out of the basement and into a home

  A few years ago, I wrote, “The economy will one day improve, and the millennials will move out of their parents’ basements. When that happens, expect to see homeownership rates move back higher.” That day has arrived. Millennials are forming new households, moving to the suburbs, buying furnishings and SUVs. According to Zillow Group …

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Permanent link to this article: http://www.invest-realestate-florida.com/news-blog-post/out-of-the-basement-and-into-a-home/

Dec 16 2017

5 first-year mistakes new owners make

  Homeowners can make a lot of mistakes during that first year in homeownership, especially when eagerness may sometimes lead to ignorance. HouseLogic recently featured several of the most common and costly missteps homeowners make in their first year, including:   Always going with the lowest bid. Homeowners may be smart about gathering multiple bids when, say, …

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Permanent link to this article: http://www.invest-realestate-florida.com/news-blog-post/5-first-year-mistakes-new-owners-make/

Dec 13 2017

Hurricanes shed light on inadequate insurance

    In light of the historic hurricanes that pummeled Texas and Florida this summer, there were some hard truths discovered about flooding and insurance. According to the Insurance Information Institute, only 15 percent of the 1.6 million homes in Houston, as well as Harris Township where Houston is located, had flood insurance. In addition, …

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Permanent link to this article: http://www.invest-realestate-florida.com/news-blog-post/hurricanes-shed-light-inadequate-insurance/

Dec 09 2017

Buyers snapping up homes at fastest pace in 30 years

  Homes are sitting on the market for the shortest time in 30 years, according to an annual report on homebuyers and sellers by the National Association of Realtors. The report focused on about 8,000 homebuyers who purchased their home in the year ending in June. It found the typical home spent just three weeks …

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Permanent link to this article: http://www.invest-realestate-florida.com/news-blog-post/buyers-snapping-homes-fastest-pace-30-years/

Dec 06 2017

Foreign investors boost Orlando housing market

  Brazilian investor Alex Carneiro knows Florida home prices are up and currency exchange rates favor the dollar – yet he still bought two houses in Orlando this year. Despite this year’s Brexit uncertainties, federal immigration concerns and lucrative stock market earnings, Carneiro and other international investors drove more than $2 billion of residential sales …

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Permanent link to this article: http://www.invest-realestate-florida.com/news-blog-post/news-blog-post-news-blog-post/foreign-investors-boost-orlando-housing-market/

Dec 02 2017

Tips to prepare your budget before buying a home

  It’s virtually impossible to know what size home you can afford if you aren’t fully aware of how much money you are earning and how much you are spending each month. Start with your income: How much do you bring home after taxes and retirement plan contributions? Next, look at your expenses: What are …

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Permanent link to this article: http://www.invest-realestate-florida.com/news-blog-post/news-blog-post-news-blog-post/tips-prepare-budget-buying-home/