Given how we have seen more unemployment claims than ever before over the past several weeks, fear is spreading widely. Some good news, however, shows that more than 4 million initial unemployment filers have likely already found a new job, especially as industries such as health care, food and grocery stores, retail, delivery, and more increase their employment opportunities. Breaking down what unemployment means for homeownership, and understanding the significant equity Americans hold today,...
Winding it's way from Little Sarasota Bay, Phillippi Creek meanders northeast across town much farther than you might expect, bringing old-Florida low-country waterfront from the Intracoastal Waterway all the way past Beneva Road.
More than just a small waterway, Phillippi Creek is also steeped in Sarasota history. Prior to the 1820s when Florida became a United States territory, many Spanish-speaking fishermen from Cuba came to southwest Florida to fish the Gulf Coast waters, establishin...
The last few weeks and months have caused a major health crisis throughout the world, leading to a pause in the U.S. economy as businesses and consumers work to slow the spread of the coronavirus. The rapid spread of the virus has been compared to prior pandemics and outbreaks not seen in many years. It also has consumers remembering the economic slowdown of 2008 that was caused by a housing crash. This economic slowdown, however, is very different from 2008.
One thing the experts are say...
here’s a ton of real estate information available in the news today and on the Internet. It can be extremely confusing, especially in times of uncertainty like we’re facing right now.
If you’re thinking of buying or selling this year, you need an agent who can help you:
Make sense of this rapidly evolving housing market
Navigate everything from virtual showings to new online marketing strategies
Price your home correctly at the beginning of the selling process
Determine what to...
Saving for a down payment is a key step in the homebuying process, and it’s not the only piece you need to include in your budget. Another factor that’s important to plan for is the closing costs required to obtain a mortgage.
What Are Closing Costs?
According to Trulia,
“When you close on a home, a number of fees are due. They typically range from 2% to 5% of the total cost of the home, and can include title insurance, origination fees, underwriting fees, document preparation fees, and mor...
One important factor in a healthy real estate market is consumer confidence in the housing market.
And a new report from financial company Fannie Mae shows consumer confidence in the real estate market has never been higher.
In the report, called the Home Purchase Sentiment Index (HPSI), Fannie Mae gathers several kinds information that indicate a variety of factors that indicate the confidence in the market. Fannie Mae takes all this data and generates a number that represents the curren...