High demand, low inventory and low interest rates are going to keep the pressure on prices for the foreseeable future. Many people fear a bubble like 2008, but the fundamental factors are different. We actually have a huge housing inventory SHORTAGE, not bubble. If you are wanting or needing to buy, now is the time.[…]
We’re at an all-time housing inventory low. This “macro” shortage is almost the same size as the oversupply was in 2007. Florida is number three in a list of the top five states with the largest housing supply deficits. This shortage has put pressure on buyers and prices. There are a number of reasons why:[…]
The Veterans’ Administration removed the price cap on VA mortgages on January 1st. That means if you’re a vet, you may qualify for a zero-down mortgage, with no limit on the price of the home. Due to the ballooning costs of single-family homes and condos around the U.S., veterans no longer have a price cap[…]
Is buying a fixer-upper right for you? How can you determine if a home is an opportunity or a nightmare? Here are the crucial questions to ask yourself: 1. Are the home’s issues cosmetic or structural? If they’re structural, you may want to pass because of the cost and difficulty of fixing. 2. How much are[…]