As housing prices rise, more households are making use of home equity lines of credit. Home owners secured 393,602 HELOCs inside the third quarter of this year, up 19% from the previous quarter and 12% from last year, as outlined by ATTOM Data Solutions’ Q3 2017 U.S. Residential Property Loan ... » Learn More about Metropolitan areas Where Owners Are Making use of HELOCs
Buying a home
Flood insurance runs out once again on Jan. 19 – or not
An announcement from FEMA went out this week reminding home owners of the significance of flood insurance. However it is unlikely anyone in the St. Augustine area needs the reminder. With significant flood damage in the last two hurricane seasons, there shouldn't be many residents who fail to ... » Learn More about Flood insurance runs out once again on Jan. 19 – or not
Pending home sales produced tiny gain in November
Level of competition is fierce as home hunters who started their search earlier in the year are still trying to purchase. The National Association of Realtors (NAR) Pending Home Sales Index (PHSI), a forward-looking indicator that tracks homes sales when a contract is signed however the sale hasn't ... » Learn More about Pending home sales produced tiny gain in November
9 grants and services which will help obtain a first home
Money issues often stand in the way of home-ownership. Market research by rental service Apartment List discovered that 80% of millennial renters want to purchase a home, but the majority say they are unable to afford to. What you may not realize is that many first-time home buyer programs and ... » Learn More about 9 grants and services which will help obtain a first home
Are 5,000-Square-Foot Homes Too Large?
The share of new homes which are 5,000 square feet or larger is dropping. It’s now at its lowest point since 2012, throughout the Great Recession. The percentage has dropped from 3.9% in 2015 to 3.1% in 2016. In absolute terms, that’s 28,000 units reduced to 24,000, respectively, in accordance with ... » Learn More about Are 5,000-Square-Foot Homes Too Large?
