Renters Prefer Smaller Metro Areas

Similar to home buyers, renters now prefer smaller metro markets. The advantage of more open space and lower costs are the driving forces. COVID-19 changed people’s ability to work from home. Larger metro areas like San Francisco and San Jose saw double-digit rent decreases. Conversely, some smaller Metro areas saw double-digit increases in rents. PleaseContinue reading “Renters Prefer Smaller Metro Areas”

The Move is On!

Florida gained 241,256 new residents from July 2019 to July 2020 according to the U.S. Census Bureau.  Florida was second in the nation in population growth behind only Texas.  COVID-19 and higher home prices in other Northern urban areas may be partly responsible for the population growth according to experts.  Please contact Ed Curry atContinue reading “The Move is On!”

Help Those Who Need It Most

Over 30,000 FPL customers and homeowners are months behind on their utility bills because of COVID-19.  On October 1, FPL starting disconnecting service to delinquent customers.  Please forward the information below to anyone you know who may need help with paying their utility bills. FPL customers anywhere in FL can visit FPL.com/Help or call 800-226-3545.Continue reading “Help Those Who Need It Most”

Foreclosure Filings Increase 20%

Nationally, October saw a large increase in foreclosure filings from the previous month. Miami was in the top 5 cities nationally.  Some homeowners may be unaware that mortgage lenders have instituted forbearance programs and loss mitigation departments to help struggling homeowners due to COVID-19.  Please contact Ed Curry at 941-799-9440 if you are thinking ofContinue reading “Foreclosure Filings Increase 20%”

Forbearance Plans Drop to New Low

Forbearance, (when mortgage lenders allow you to delay payments for a specified time) rates are at a 7 month low.  Many homeowners took advantage of forbearance plans in the early Spring due to COVID-19.  Mortgage forbearance plans make up almost 6% of all mortgages which is the lowest rate since April when it was 3.74%. Continue reading “Forbearance Plans Drop to New Low”

Will Mortgage Rates Rise After Election?

This year mortgage rates reached an all time low for home buyers.  After the 2016 election rates jumped from 3.74% to 4.24%. Many economists agree that mortgage rates will hover around 3%.  The Federal Reserve has been keeping the Federal Funds Rate near zero which indirectly helps mortgage rates stay low.  Additionally, there is stillContinue reading “Will Mortgage Rates Rise After Election?”

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 earnedContinue reading “Delinquencies Place Two FL Cities in Top 10”

Americans Are Saving More Money $$$$

A recent survey of 5,000 Americans indicated that people are saving more than before the COVID-19 outbreak.  Almost half of those surveyed said their spending has decreased.  People working from home are saving on commuting costs and that may be one of the reasons.  Additionally, with millions of unemployed, people are feeling a need toContinue reading “Americans Are Saving More Money $$$$”

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