Rent Rises At Twice The Pace Of Income

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If you think renting is cheaper than buying a house, think again. Recent data shows that, in most markets, buying a home is actually more affordable than renting. And, according to new numbers from Zillow, rent isn’t getting any cheaper. In fact, there were 770,000 new renters last year and a cumulative total of $441 billion spent in rent. That’s …

Homeowners’ Equity Hits 8-Year High

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Homeowners’ equity refers to the total value of a property minus the amount of mortgage debt still owed. And, according to the most recent Housing Scorecard from the U.S. Department of Housing and Urban Development, it’s on the rise. In fact, during the third quarter of last year, equity rose nearly $168 billion from the previous quarter and reached its …

Best of Southwest 2015!

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The results are in for the Southwest Bulletin’s best of 2015 … Bobby Baldor, P.A. is one of the Winners as voted by you for Best Real Estate Agent in Southwest Orange County, 2015!! THANK YOU to all who voted! It is truly an honor to receive this recognition from our community! Here are the links to all the category winners: http://southwestorlandobulletin.com/2015/01/08/best-of-southwest-2015-2/ …

Foot Traffic Swells In December

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Each month, the National Association of Realtors receives data on the number of properties shown by Realtors during the month. Referred to as foot traffic, the number of people that are actively shopping to buy a house is generally a good indicator of future home sales. After all, the more people looking at homes, the more homes will sell. In …

Mortgage Rates Fall Over Holiday Weeks

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The most recent data from the Mortgage Bankers Association’s Weekly Applications Survey actually covers two weeks and includes adjustments for the Christmas and New Year’s holiday. Typically a slow period for mortgage applications, the holidays resulted in a 9.1 percent decline in demand over the past two weeks. Refinance activity was down 12 percent and the seasonally adjusted Purchase Index …

Americans Enter New Year Feeling Confident

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The economy and housing market are linked in such a way that one can’t do very well without the other. That’s why even though a large majority of Americans continue to express a desire to own their own home, residential real estate has experienced a gradual, up-and-down recovery since the financial crisis and housing crash. Without sustained growth and a …

Real Estate Trends To Watch In 2015

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The beginning of every new year brings optimism, a chance for a fresh start, and a flood of predictions from analysts and experts who believe they know what will unfold over the next 12 months. This is especially true for residential real estate and the housing market, where there is no shortage of expert opinions offering an outlook for the …

Pending Home Sales Improve In November

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The National Association of Realtors’ Pending Home Sales Index measures how many contracts to buy homes were signed each month. Because the index measures sales that have yet to close, it is a good indication of future existing home sales. In November, the index rose 0.8 percent and was above year-before levels for the third consecutive month. It is now …