Why Are Home Prices Rising So Fast

It has been my pleasure to help many of you buy and sell homes in the past 19+ years. I’m going to ask your help today in referring anyone you may know who is looking to sell their property in Sarasota or Manatee Counties. The local market is so hot that we have only aContinue reading “Why Are Home Prices Rising So Fast”

Little Home Wreckers!

Florida has four cities in the top ten worst areas for termites nationally, according to Orkin.: Miami (1), Tampa (3), West Palm Beach (6), and Orlando (9). Protect your home or your future home (home buyers) by getting a termite inspection from a reputable company. Please contact Ed Curry at 941-799-9440 if you are thinking of sellingContinue reading “Little Home Wreckers!”

Sight Unseen Home Offers Continue Rising

Buyers are snapping up homes for sale nationally that they have never set foot in. The competition is fierce for home buyers both locally and nationally. The current inventory of homes for sale in the Manatee/Sarasota area is under 30 days. A balanced market is generally a six-month supply of homes for sale. FaceTime, Zoom,Continue reading “Sight Unseen Home Offers Continue Rising”

Noisy Homes Sell for Less

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.

Housing Market Wealth Grows

Homeowners in Sarasota County saw the median sale price increase from $297,000 to $350,000 for single-family homes in December.  That was a year over year increase of 17.8%.  Manatee County saw an increase from $335,000 to $357,900, a 6.8% increase.  The limited inventory of homes for sale and surging demand by buyers driven by historicallyContinue reading “Housing Market Wealth Grows”

5 Common Home Buying Mistakes

(1) Not getting a mortgage pre-approval.  This is step one period. (2) Shopping for a home you cannot afford.  Know your budget and don’t go over it.  (3) Using a shady mortgage lender.  Incompetent lenders will blow up your home purchase.  (4) Submitting a lowball offer.  Many home sellers will not even respond. (5) BuyingContinue reading “5 Common Home Buying Mistakes”

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”

$309 Average Monthly Savings

There are approximately 1.4 million Florida homeowners who would benefit from refinancing their homes because of lower mortgage rates according to a national research. firm.  These homeowners are high quality refinancing candidates because they have at least 20% equity in their homes and a credit score over 720.  Florida is second in the nation inContinue reading “$309 Average Monthly Savings”

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?”

Millennials Help Keep Home Sales Strong

20 and 30-year-old home 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. 

%d bloggers like this: