Real Estate Survival Guide with Terry Story
Business:Investing
Steve starts his Real Estat Roundup segment by asking Terry how long a typical For Sale house stays on the market before it gets a confirmed buyer. Terry says the national average was 27 days for the month of May 2017, well below the 100+ days it took when the 2007 recession hit. She says Florida’s residential real estate market is a little sluggish, with homes on the market for 45 to 60 days because they are priced a little higher than the rest of the country and, therefore, take a little longer to sell.
The bottom-line is that the inventory of homes for sale continues to remain low, so homes are snapped up fairly quickly after they list, with buyers also eager to lock in low mortgage interest rates. She also holds baby-boomers responsible for the tight inventory because they are less willing to sell, are content with the homes they live in and, if they sell, typically downgrade to smaller homes where they compete with first-time home buyers.
July 12th - It’s a Seller’s Market for Now, But Things Could “Flip”
July 5th - Increase In Fannie Mae’s Debt To Income Ceiling Should Make Your Next House Easier To Buy
June 28th - Why Are Millennials Buying Homes Rather Than Renting Them?
June 21st - How Will Eliminating The Property Tax Deduction Affect You?
June 15th - It’s Hurricane Season Again! Do You Have The Right Insurance?
June 7th - The Stress Of Moving Is Keeping People At Home
May 31st - Low Housing Inventory Is Frustrating Would Be Buyers
May 24th - Looking For A Retreat? How About Vero Beach?
May 18th - Home Sales And Prices Spring Forward
May 10th - How To Guarantee A Return On Your Home Improvement Investment
May 3rd - What To Do When Your HOA Goes Rogue
April 26th - What Do Bankruptcy And Your IRS Refund Have In Common?
April 19th - The Home Affordability Crisis: Are You Being Priced Out Of The Real Estate Market?
April 12th - Worried About Thin Credit? Get Back On The Grid!
April 5th - Real Estate Prices Are Higher Because Of Millennials Buying Homes
March 29th - How To Buy A Home When You Already Own A Home
June 21st - How Will Eliminating The Property Tax Deduction Affect You?
Aug. 9th - Think Outside The Box To Win In Today’s Tight Housing Market
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