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”
Homes within a 2-mile radius of an airport sell for over 13% less than homes in the same zip code. Sellers near a railroad saw values decrease by over 12%. Busy highways reduced sale prices by over 11%. Data per realtor.com® Please contact Ed Curry at 941-799-9440 if you are thinking of selling or purchasing a home.
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!”
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”
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?”
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 CurryContinue reading “Buyer Purchasing Power Goes Up $33,000+”
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 $$$$”