The Daytona Beach housing forecast for the second half of 2015 fails to show any positive data, with trends predicted to go downhill. According to the latest market report from analytics firm Clear Capital, nationally, the data is more of the same. Data through June looks similar to data through May 2015, with no change […]
Pending Home Sales Climb to 9-Year High
More Americans signed contracts to purchase homes in May, as pending home sales climbed to their highest level in more than nine years. The National Association of Realtors reports that its seasonally adjusted pending home sales index rose 0.9 percent to 112.6 last month. The index has increased 10.4 percent over the past 12 months, […]
May Daytona Beach Home Sales Highest Since 2008
Daytona Beach home sales in May were greater than in any other May since 2008, while home prices continued to rise. Sales are on a four-month trend in which they were higher than both the previous month and the same month in the previous year. Many positive factors are contributing to a strong housing market […]
Credit Scores for Daytona Beach Renters Rising
Credit scores for Daytona Beach renters appears to be unaffected by the surging cost of renting according to a report from CoreLogic. New data from CoreLogic found that the risk of default among Daytona Beach renters decreased year-over-year by two points, according to the firm's index value for the first quarter of 2015 — compared […]
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 […]
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 […]
Daytona Beach Home Prices Continue Rising
With Daytona Beach home prices continuing to rise, some fear that another housing bubble like we experienced in 2006 to 2008 may be on the horizon. We’re seeing some of the same signs again like bidding wars, offers above asking price, closings before houses even hit the market. Signs that are once again becoming the […]
Daytona Beach Housing Market Could See Big Surge
Recent research from the National Association of Realtors (NAR) shows that distressed buyers are slowly but surely making their way back to the Daytona Beach housing market. According NAR’s report, nearly 1 million borrowers who were foreclosed on, short sold their home or received a deed in lieu of foreclosure over the last eight years […]
4 Reasons to Sell Your Daytona Beach Home Now
Attention potential sellers sitting on the fence: It could be time to make a move to sell your Daytona Beach home now. Mid-March to mid-April is typically the best time to hang the for sale sign on your Daytona Beach home. With homes selling 15% faster and for 2% more than the average sale, according […]
Buyers Want Bigger Daytona Beach Homes
When the housing bubble burst, the desire for buyers to want bigger Daytona Beach homes faded, but according to trends and statistics, that was short-lived and seems to be back to its 80-year trend of buyers wanting larger homes. Trends Moving Toward Bigger Daytona Beach Homes Zillow Chief Economist Stan Humphries says the trend is […]
