Areas hit hard by downturn now see highest gains MIAMI – Aug. 18, 2016 – The markets hardest hit by the real estate downturn have been registering the sharpest increases in home prices for more than a year. A decade after becoming the epicenter of the crash, Miami's property market is seeing the highest price jumps since 2006 – the peak of its last housing boom. Several critical factors are...
2016
Building a home in Florida CHICAGO – Aug. 17, 2016 – The average time it takes to complete a new single-family home is seven months in Florida and nationally, according to recent Census Bureau data. That completion time includes nearly a month for getting the permit to start the project – 27 days in Florida – and then another 6 months to complete the construction. Houses built for sale took the...
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The Cost of Renting vs. Owning a Home in Every State By Cameron Huddleston July 18, 2016 Housing is the biggest expense for many Americans, accounting for more than 30 percent of a household’s yearly expenditures, according to the Bureau of Labor Statistics. But housing costs can vary greatly, depending on where you live — and whether you’re a renter or owner. To find out where your housing...
Penthouse level!!
‘Jumbo’ mortgages now cheaper than smaller loans Now there's a good reason to buy the big house! NEW YORK – July 1, 2016 – Banks will give you a better interest rate if you buy a more expensive and, presumably, bigger home. The interest rate on a 30-year jumbo loan currently stands at 3.71 percent – a notch below the rate for a "conforming" mortgage, which weighs in at 3.73 percent, says Greg...
Forecast: Fla.’s economy will outpace U.S. ORLANDO, Fla. – June 29, 2016 – Spurred by rising job growth and home construction, Florida's economy is expected to continue to grow at a faster pace than the national forecast for the next four years, according to the latest forecast from UCF economist Sean Snaith, director for the Institute for Economic Competitiveness at the UCF College of Business...
Buy vs. rent: 5 things to consider Better to Rent or Buy? PITTSBURGH, Pa. – July 1, 2016 – Buying a house is the largest investment most people ever make, and it's not a decision you should enter into lightly, say personal finance experts at the Pennsylvania Institute of Certified Public Accountants. If you're considering making the leap from renter to owner, there are some things you should...