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.
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”
The average Florida homeowner gained approximately $14,000 in home appreciation year over year during the 3rd quarter of 2020. The surge in appreciation was the largest since 2014 when we were exiting the great recession. Washington State saw the largest increase nationally increased equity at $35,800. Please contact Ed Curry at 941-799-9440 if you areContinue reading “14K Appreciation for FL Homeowners”
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”
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, (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”