It’s important to note a few critical Daytona Beach home selling tips when getting ready to put your house on the market. Real estate experts say home staging can be extremely important in the appeal to prospective buyers. Keep these suggestions in mind for the best results: Proven Daytona Beach Home Selling Recommendations Think of […]
Daytona Beach Mortgage Rules to Protect Consumers
The Daytona Beach mortgage industry now has new regulations in effect designed for lenders to be more transparent in their dealings with borrowers. The areas of reform are aimed at simplifying and streamlining some of the consumer disclosure documents in order to make it easier for borrowers to understand various lending programs. Daytona Beach Mortgage Rules […]
Student Loan Debt Affects Daytona Beach Home Buying
The Daytona Beach home buying market has been impacted by many potential first-time home buyers wrestling with repaying student loans. A recent BankRate.com survey revealed that young adults who would otherwise be prospective home buyers shelved their home search until their student debt is either reduced significantly or paid entirely. To make matters worse, many […]
Daytona Beach Flood Insurance: Does Everyone Need It?
Daytona Beach flood insurance is something some people might say is a waste of money, but floods are obviously quite common in low lying areas that are surrounded by water. In these areas, not having Daytona Beach flood insurance is like playing financial Russian Roulette in the event of a serious storm. Just look at […]
Your Daytona Beach Homeowners Insurance: Are You Covered?
Your Daytona Beach homeowners insurance policy provides coverage against most perils and damages. There are some, however, that are not covered. Unfortunately, those are usually the ones that catch you off guard — and they can be expensive. While every policy is different, you should peruse your Daytona Beach homeowners insurance coverage to see if […]
Daytona Beach Home Buying On Back Burner?
Many Daytona Beach home buying experts say that more people are waiting longer to purchase. This is especially true with the generation known as "Millennials," those in their late 20s to mid 30s. In fact, according to Zillow the average age of most first-time home buyers is 33, compared to 29 in the late 1970s. […]
Fed’s Impact on Daytona Beach Housing
Daytona Beach housing is obviously affected by interest rates, and recently, the much anticipated rate hike by the Federal Reserve was once again put on hold because Fed Chairwoman Janet Yellen said she thinks the housing market is still not where it needs to be. Jeff Taylor of Digital Risk appeared on Fox Business News […]
Daytona Beach Mortgage Market: ARMs Popular Again?
Once upon a time in the Daytona Beach mortgage market, "adjustable rate mortgages" (ARMs) was a phrase that was shunned. During the Great Recession of just a few short years ago, many consumers experienced their mortgage payments spike to levels of unaffordability. Sadly, some of those homeowners fell victim to foreclosure. But what about now? […]
Daytona Beach Mortgage Tip: Use Caution With Home Equity
As Daytona Beach mortgage borrowers continue to see home prices rise they have increasingly more equity to utilize. Industry experts say that nationwide home equity has risen by nearly $825 billion. That represents a 250% increase over home equity levels of just four years ago. However, tapping into that equity by using a home equity line […]
How a Rate Hike Would Affect Daytona Beach Housing
The Daytona Beach housing market has been anticipating a possible interest rate hike by the Federal Reserve Bank. Analysts say a small interest rate hike will have little effect on housing activity. In fact, there are other components that are more telling that could impact Daytona Beach housing. What to Look for in the Daytona […]