The Daytona Beach housing outlook continues to remain positive. The Commerce Department released information confirming that the sales of newly built homes rose more than 5% in July. In addition, prices for new homes were up. Homebuilders cite two reasons for the recent higher traffic and sales activity: 1.) The much anticipated rate increase by […]
Daytona Beach Housing Market on the Upswing
The Daytona Beach housing market is doing better than expected. According to recently-released Commerce Department statistics, new home sales across the country enjoyed a 25% percent increase in July, 2015 compared to the same month a year ago. Daytona Beach Housing: A Seller's Market It's a seller's market, evidenced by these characteristics: Higher sales prices […]
Daytona Beach Home Technology Features
When you grow up immersed in a technological world, it’s only natural that you come to rely on and expect even more Daytona Beach home technology. Prospective millennial home buyers — that segment of the population in the 25-35 age range — are becoming more interested in homes with smart technologies and the latest gadgets. […]
Daytona Beach Housing for the Rest of 2015
Daytona Beach housing industry experts say the future of housing for the remaining five months of the year revolves around one word — affordability. Affordable home prices and affordable rents will determine the Daytona Beach housing market’s direction. Although home prices are still on the upswing, the pace is slower that it was during the […]
Daytona Beach Investors Favor Real Estate
Daytona Beach investors, like many other Americans, are still a little nervous about Wall Street and recent activity in the stock market. In a recent survey, Bankrate.com reported that the majority of its respondents feel more bullish about the real estate market than other long-term investments. Characterizing long-term investments as those with a duration of […]
Generation X Not Buying Daytona Beach Homes
The market for Daytona Beach homes as well as the nationwide real estate home buying market has often placed the blame on recent drops in the number of homebuyers on the Millennials. A new study now shows that Generation X should shoulder part of the responsibility as well. The rate of homeownership in the U.S. has […]
Another Daytona Beach Housing Bubble Brewing?
A recent S&P/Case-Shiller Home Price Index was the latest report to show a relentless rise in housing prices, causing some economists to ask: Is another Daytona Beach housing bubble forming? Economists point to several reasons why this isn’t a concern, namely that while prices keep rising, the rate of growth has slowed. In the first […]
Rent Trap Stopping First Time Daytona Beach Homebuyers
First time Daytona Beach homebuyers are in a trap they can't seem to get out of, and it's called a "Rent Trap." Everyone has pretty much come to the conclusion that interest rates won't stay low much longer, and home prices continue to rise. New three percent down programs from Fannie and Freddie sweeten the […]
Daytona Beach Home Prices Return to Sanity
Ten years ago, Daytona Beach home prices were unquestionably too hot. As few as four years ago they were too cold. Now, it would seem as if Daytona Beach home prices have returned to some form of sanity when compared with incomes, rents and other fundamentals, while rising at lower single digit rates. Daytona Beach […]
Burglar Proof Your Daytona Beach Home While on Vacation
According to the FBI, nearly 2 million burglaries occur each year. If you’re heading off on vacation this summer, burglar proof your Daytona Beach home while you enjoy your time away by not telling the world you’re gone, and by having your neighbor help out. According to the FBI, burglaries cost victims about $4.5 billion […]