Housing Trends eNewsletter- Karlene Grimes

Housing Trends eNewsletter- Karlene Grimes

www.grimesfloridarealestate.com


Read up on Real Estate! Stay ahead of what is happening in the local market. Sitting on a thought is less effecting than acting on it. Call me today! 

Wondering about upcoming USDA changes and property qualification Preview USDA Map

Click Here USDA Map Locator

The implementation of the new Rural Area Eligibility Maps has been delayed for an indefinite period.  That means any property currently in an "Eligible" area on the regular Eligibility Map site will remain that way past September 30th, 2014.  Do not use the Future Eligibility Map site until further notice.  We will keep you informed of any changes as they become available.  Brought to you by:

Colleen Mitchell Senior Loan Officer, NMLS #490278 HomeBridgeFinancial Services, Inc.

Orlando Housing Market Report: August 2014

Current Market Analysis for Active, Pending and Closed Sales

This is important information for sellers! Ask me what this means to you.

REITs are not a handyman special

I found this great article about Real Estate Investment Trusts. What are your feelings about a REIT? Would you take a chance on an investment like this one in your portfolio and if you already have one, how is doing?
REITs are not a handyman special

If you were to sell your home today, is it Ready?

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  If You Were Selling Today, Would You Have the Home That Buyers Want?

  Knowing what appeals to today’s homebuyers, and considering those trends when you remodel, can pay off years from now when you sell your home. Read

Visit houselogic.com for more articles like this.

Copyright 2014 NATIONAL ASSOCIATION OF REALTORS®

Buy Vs Rent Comparison. Will make you say " Hmm....."

Buy vs. Rent Comparison 

The chart below shows a cost comparison for a renter and a homeowner over a 7 year period.

The renter starts out paying $800 per month with annual increases of 5% The homeowner purchases a home for $110,000 and pays a monthly mortgage of $1,000

After 6 years, the homeowner's payment is lower than the renter's monthly payment

With the tax savings of homeownership, the homeowner's payment is lessthan the rental payment after 3 years

Source: Ginnie Mae. Click on image to enlarge.

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Statistics & Studies on the Buy vs. Rent Decision

Rent vs Buy: Where Should You Invest?, (Mortgage Dex May, 2014). 

The Housing Affordability Challenges of America’s Working Households, (Housing Landscape, Feb. 2014).

Is It Better to Buy or Rent?, (New York Times, 2014).

Renting vs. Buying a Home: Which Is Smarter?, (U.S. News, 2014).

Poll: Number of Renters Who Want to Own Skyrockets, (REALTOR® Magazine, Jan. 3, 2013).

American Renters Getting Squeezed, (REALTOR® Magazine, July 5, 2012).

Why renters should consider buying a home, (Tampa Tribune, May 29, 2012).

Rents Keep Rising as Demand Soars, (REALTOR® Magazine, Feb. 28, 2012).

12 Markets Where It’s Better to Rent., (The Fiscal Times, Jan. 4, 2012).

"Are Retirees Better Off Renting than Owning a Home?", (OutOfYourRut.com, Apr. 22, 2011).

In Most of U.S., Buying a Home Beats Renting After Only 3 Years, (HouseLogic.com, Jan. 11, 2010).

Wells Fargo: Top homeowner misconceptions | 2014-09-15 | HousingWire

Wells Fargo: Top homeowner misconceptions | 2014-09-15 | HousingWire

Three days only: Tax-free holiday on some appliances

Three days only: Tax-free holiday on some appliances