A sharp downturn in commercial real estate performance could have a big impact on the banking sector, but not big enough to destabilize the financial system, according to analysis from one of the top real estate economists in the country. More than 300 banks have enough commercial real estate loans on their books to see their Tier 1 capital wiped out under a worst-case scenario, Richard Barkham,...
Is a Housing Bottom Already In? The severe contraction in the US housing market over the past year looks like it may be coming to an end, and the bottoming-out is raising hopes that the country could avoid a recession altogether. That’s because historically, housing has been a critical driver of the broader business cycle. Low interest rates can boost demand for homes, which drives up prices,...
One-quarter of homes for sale in Austin, Texas, (25.8 percent) have lower estimated monthly housing payments than they would have if they had been for sale a year ago, according to a new report from Redfin. That’s a higher share than any other major U.S. metro area and more than triple the nationwide share of 7.1 percent. Seattle is close behind, at 23.6 percent, followed by San Francisco (18.8 percent),...
Buying a house is a big investment. You want the feeling of calling a place your own where you can make new memories. But you also want to know you’re purchasing a home in good condition. One way to do this is to have a home inspection done before you buy. Let us share with you why a home inspection is an important part of the home-buying process. What is a home inspection? A home inspection is the...
Realtors know the importance of access to the home they are selling or showing. Have you skipped over sending a listing to a customer because of limited access? Hopefully this article can help! Send this to your customer, potential customer, or take this information and make it yours. The #1 Critical Question When a homeowner has made the decision to sell their house and has hired a real...
Buying a home is an exciting adventure. You’re not only buying a new place to live. But you’re also buying the place where you'll make new memories. And because of the size of the investment for a home, protecting your new property will be important for both your finances and personal well-being. One way to do that is with a home warranty. But what is a home warranty? And why might you decide to get...
Here is a quick helpful list to ready your property for the all-important upcoming Spring Selling Season: The Treasure Coast's Newest Title Co. Liberty Title Partners of the Treasure Coast (LTP) is one of South Florida's newest Title and Settlement Companies. Headquartered in the burgeoning area of Port St. Lucie West, LTP is founded on the latest Technology, the best People, and focused on providing...
The reason that rising rates, and rising mortgage rates are less impactful to US Housing is due to the fact that more than half of the US mortgage market was refi'd since 2020. Monetary tightening works by damping consumer demand, with credit becoming more expensive. That's having an impact on Housing markets now, because new buyers have to pay 7% or more. But the large majority of American homeowners...
Skyrocketing interest rates put some much-needed pressure on the housing market after home prices hit record highs across the nation last year. While rates did level off through January, causing some homebuyers to re-enter the market, a recent uptick in rates suggests the market is going back to a standstill. That said, the nation’s overall housing supply remains limited, as those who purchased homes in...
Tax exemptions are powerful tools to help reduce your tax burden – whether for income taxes or property taxes. In Florida, you can use the Florida homestead tax exemption to reduce your yearly property taxes. Let’s talk about what the homestead exemption is and how to use it. What is the Florida homestead exemption? Florida created the homestead exemption to help homeowners reduce their annual...