The Daytona Beach real estate market, like most housing markets throughout the U.S., presents a challenge for that segment of the population commonly referred to as “Millennials.” Millennials are generally identified as men and women between the ages of 25-34. Let’s look at the ongoing dilemma many Millennials face in today’s complex real estate environment. […]

The Daytona Beach real estate market has begun the year with existing home sales at the highest annual rate in six months. In a recently-released report by the National Association of Realtors (NAR) total existing home sales (by transactions) increased by .4% adjusted seasonally for an annual rate of 5.47 million in January. December's transactions […]

If you’re renting in the Daytona Beach housing market, now hear this: it isn’t easy to buy a house. It may be easier to stay put. That’s because home price gains are picking up, while rents are leveling off — despite the fact they’ve skyrocketed in recent years. Some economists predict that by the end of […]

The Daytona Beach housing market can expect a continuation of many of the factors it experienced in 2015. Zillow recently released their 2016 predictions for the housing and real estate markets. Let's take a look at what we can expect. Daytona Beach Housing – Challenges Ahead According to Zillow, many of the recent market trends […]

New single-family Daytona Beach home sales were up in November. The increase was lower than anticipated, signaling a slight momentum change in the housing market. Recent Commerce Department statistics show new home sales increased 4.3% during November. This equates to a seasonally adjusted annual rate of 490,000 new homes sold. The number of homes sold […]

The US Commerce Department reported that sales of new single-family homes dropped to a near one-year low last month. The recent setback occurred despite two consecutive months of sales gains. Industry experts say Daytona Beach housing remains on firm ground thanks, in part, to a rise in home prices. A Closer Look at Daytona Beach […]

The House of Representatives recently voted to pass a bipartisan bill to provide a "hold harmless" grace period for Daytona Beach mortgage lenders for the implementation of the Consumer Financial Protection Bureau's (CFPB's) TILA-RESPA Integrated Disclosure (TRID) Rule. The new rule went into effect October 3rd. "Good Faith" From Daytona Beach Mortgage Lenders Extending the grace period until […]

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 […]

The effects of a down economy over the past few years has taken its toll on first-time Daytona Beach homebuyers. Industry experts cite the inability of young Americans to accumulate savings for down payments and an unstable job market as major reasons. The result is they are sitting on the sidelines longer than ever before […]

In a recent speech given in Cleveland, OH Federal Reserve chair Janet Yellen said she anticipates raising interest rates before the end of the year. She went on to say that the frequency of any increases would be gradual and would depend on the continued improvement of the U.S. economy. “… I want to emphasize […]