If buyers understood the role mortgage-backed securities played in the early 2000s RE market collapse, they wouldn’t be expecting a repeat performance this time. NEW YORK – Mortgage-backed securities nearly brought down Wall Street in the early 2000s. But what is a mortgage-backed security? Many homeowners think of their mortgage in personal terms. But when […]

September continues the same trend of fewer sales and rising inventory. “We are continuing the trend that we’ve seen for several months now where the number of closed sales is dropping, and prices are leveling off.” “Historically whenever Florida has a catastrophic event like Hurricane Ian, the real estate market bounces back very quickly with […]

SOURCE: https://www.nachi.org/myowncopy.htm The following chart details the predicted life expectancy of appliances, products, materials, systems and components for homes in the state of Florida.  (It may also be applicable to states in the nearby coastal region with similar climate and weather conditions on a typical basis.) While many components and systems in homes located in […]

With U.S. home prices sharply higher and mortgage rates rising, consumers and investors alike are wondering if the environment for housing is still constructive. Home prices are on average almost 40% higher than before the pandemic.1 Mortgage rates have jumped over 200 basis points year to date, reducing purchasing power.2 Low affordability suggests that some […]