Latest from the Blog
- Delinquencies Place Two FL Cities in Top 10
A large number of FHA mortgage delinquencies have placed Orlando (9) and Tampa (10) in the top ten cities in the nation. This could become a serious situation as COVID-19 unemployment benefits expire and unemployment remains high. Nationally, in September over 3.5 million FHA mortgages were enrolled in a forbearance plan. Ed Curry has earned the Short Sales and Foreclosure Resource (SFR®) certification. This allows him to help buyers and sellers of distressed properties.
- Buyer Purchasing Power Up $33,000+
Lower mortgage rates have increased the purchasing power of buyers by an average of more than $33,000 from one year ago. That is almost a 7% increase from last year. Increased home prices, however, are negating that increase in purchasing power. Home prices have seen average increases nationally of over 8%. Please contact Ed Curry at 941-799-9440 if you are thinking of purchasing or selling a home.
- Millennials Help Keep Home Sales Strong
20 and 30-year-old buyers are helping to keep the home sale market strong. More than half of new mortgages were made to this demographic according to Realtor.com. Millennials have now surpassed Baby Boomers as the largest adult group in America.
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