Florida offers an excellent rent-to-income ratio of 16%, making it a lucrative place for Real Estate investment. The state boasts a strong economy and increasing population, factors that bode well for property appreciation. Florida ranks fifth lowest in overall tax burden among U.S. states, an added advantage for investors concerned about operational costs....
Adjustable-rate mortgages (ARMs) are becoming more popular as the average rate for a 30-year fixed-rate loan has climbed to the highest rate in 23 years. ARMs offer a fixed rate for a set period, typically five, seven, or ten years, after which the interest rate resets to current market rates. Since the foreclosure crisis, ARMs have become less risky with stricter regulations and more transparency. ARMs...
This blog post provides tips on how to build a strong credit score to increase the chances of getting approved for favorable financing terms. The tips include understanding credit scores, reducing debt and increasing savings for homeownership, and improving credit score with a secured credit card. A secured credit card requires a cash deposit upfront and can help demonstrate to lenders that you can...
According to the ATTOM's 2023 U.S. Home Affordability Report, the average 30-year mortgage rate has risen from 3% to 7%, and the nationwide median home price has reached a record $351,250. This has caused the typical portion of average wages required for home ownership expenses to increase to 35%, which is considered unaffordable by lending standards. Most counties in the US have become less...
WalletHub ranked Tampa as the 17th best city to buy a home....
High home insurance rates in Florida persist as a major concern, compounded by hurricane threats and legal issues. This challenge worries homeowners and lawmakers alike. Lawmakers attempted to address the problem by supporting Florida's reinsurers, but the mass exodus of insurers continued....
Reverse mortgages are loans for older adults that can allow them to access the equity in their home without having to sell the property. However, it's important to be aware of the potential costs, terms, and conditions associated with these loans, as unscrupulous individuals may try to take advantage of them. Before applying, it is important to understand the basic requirements, watch out for...
Florida's sellers cover certain closing costs like escrow fees, title costs, and documentary stamp taxes....
Halloween falls on October 31 because the ancient Gaelic festival of Samhain, considered the earliest known root of Halloween, occurred on this day. In the eighth century, Pope Gregory III designated November 1 as a time to praise all saints. Soon, All Saints' Day incorporated some traditions of Samhain and the evening before was known as All Hallows Eve, and...
The avg sale price of a home in Palm Beach surpassed $20M in Q3. High-end properties in Miami Beach have also seen price spikes, with the avg price of luxury Real Estate surging to a record $25M....
Compare listings
Compare