The costs of delaying or forgoing buying a Daytona Beach home in today’s market have become very high. This projection is according to the inaugural Opportunity Cost Report released by Realtor.com. With interest rates and home prices expected to rise within the next year, consumers could end up costing themselves more by putting off buying […]
Biggest Mistakes Daytona Beach Homebuyers Make
Nearly one-third of all Daytona Beach homebuyers, and 68 percent of first-time buyers, were 34 or younger last year. Those numbers are expected to grow as millennials now represent the largest share of buyers. But many millennials are making some pretty costly mistakes according to a recent report from the National Association of Realtors. Here […]
Will Daytona Beach Home Ownership Rates Fall Further?
The Daytona Beach home ownership rate has dropped to 65 percent according to the US Census Bureau. This is after holding above 66 percent for the past three quarters. The last time the rate was this low, former President Bill Clinton was in office serving his second term. With the nationwide home ownership rate also […]
Daytona Beach Homebuyers Understand Credit Scores
95 percent of Daytona Beach homebuyers know that credit scores play a significant role when purchasing a home, and those who know their credit scores feel better prepared to buy. This recent data comes from a survey from Experian Consumer Services. In addition, 45 percent of future Daytona Beach homebuyers say they have delayed buying […]
Daytona Beach Rental Property Rates Keep Climbing
Daytona Beach rental property rates were 4% higher in April than a year before, according to a report from Zillow. That's the fastest increase in two years, outpacing Daytona Beach home prices, according to the report. Daytona Beach rental property affordability is getting worse, and it doesn't look like it will be getting better anytime […]
Updating the Value of Your Daytona Beach Home
Whether you are looking to sell your Daytona Beach home or plan to stay in it for years to come, most homeowners have a running list of projects in mind with the hopes of increasing the appeal, comfort, and value of their Daytona Beach home. Regardless of whether you live in a charming old century […]
New Homes Increase 7 Percent in April
Sales of new homes increased nearly 7 percent in April to a seasonally adjusted annual rate of 517,000, according to the U.S. Census Bureau. New Homes Numbers Still Below Average The new homes numbers are still below-average historically, but they are up 26 percent compared with April 2014. Plus, home builders were relieved that sales […]
Daytona Beach Mortgage Mistakes to Avoid
There are some expensive Daytona Beach mortgage mistakes you need to avoid at all costs. Scoring the best deal on a mortgage or refinancing involves shopping around. Yet 77 percent of borrowers applied for a loan with a single lender instead of checking out several to compare costs. A recent study by the Consumer Financial […]
Daytona Beach Mortgage Rates Move Higher Again
Average Daytona Beach mortgage rates followed 10-year Treasury yields higher and rose for the third consecutive week last week. At 3.85%, the average 30-year fixed-rate Daytona Beach mortgage rate is just below the high for 2015. The 15-year fixed Daytona Beach mortgage rates averaged 3.07% with an average 0.6 point last week, up from the […]
Record Existing Daytona Beach Home Sales Expected
Existing Daytona Beach home sales are expected to finish the year at their highest level since 2006 according to the National Association of Realtors’ economic forecast forum revealed at its 2015 Legislative Meetings & Trade Expo. However, accelerating price growth and rising mortgage rates have the potential to change the expected finish. In the most […]
