Mortgage Rates Drop Below 6% – Is Now the Time to Buy Your Dream Home?
Rumors have been flying this year that rates would be coming down. Well, for the last few weeks they have been doing just that. Today I am happy to show you that both FHA (Federal Housing Authority) and VA (Veteran’s Administration) interest rates are nicely below 6%! And 15 year loan could be as low […]
Just What is Happening in the Real Estate Market?
This is not an easy question to answer these days, however, there seems to be a common idea that the Tampa Bay Housing Market is not going to crash and is definitely not ‘in a bubble”. If you look at actual statistics, houses were rising between 19-26% per year over the two years or so. […]
FTC Fines iBuyer Opendoor $62M for ‘Tricking’ Sellers
Pam Ryan Anderson is a Real Estate Broker and Owner of Ryan Realty and as such has always taken pride in providing the best service possible to her clients for 33 years. Pam has actually helped people avoid the scandalous activities of some of the newer ‘I Buyer’ companies. The FTC has now taken action […]
Florida Home Sales Median Prices Up in January
Note from Pam Ryan Anderson, Real Estate Broker: Although a GREAT time to be selling real estate in Florida, it is not a great time to be buying. The article below reports that prices were 23% higher in January 2022 than they were in January 2021. WOW, that is quite the increase, and can explain […]
Florida Atlantic University Economist Says Homes ‘Less Overpriced’ in July
This article refers to South Florida, but it is just what I have observed myself. Just a week ago I made three offers for three different buyers. We won all three contracts. For the last 9-12 months that would have been totally impossible. So this information about the market slows down slightly seems very right […]
Real Estate Economy: It’s Not a Bubble Unless it Pops
A bubble, by definition, pops and prices plummet. Look at buyer demand. Look at homeowner equity. Prices could stop going up for a bit – but it’s not a bubble. NEW YORK – Record home prices, bidding wars and other factors show a real estate market that appears eerily similar to the 2006 bubble market, […]