Let me make a statement, and I hope you truly digest what I am about to say: the interest rates on mortgages here in Brevard County, Florida are about 1/8% off of their lowest levels in history. That means that if you qualify for a mortgage, you could potentially get a better rate on your loan than just about anyone in history. With interest rates and home prices as low as they are, people should be lining up to buy homes. However, these rates have only one way to go, and we are headed there soon.
Tag Archive: brevard county mortgage
Nov
06
First Time Homebuyer Tax Credit Extended Into 2010!
First Time Homebuyer Tax Credit Extended Into 2010! Plus…A New Tax Credit for Certain Existing Home Owners! It’s official. President Obama has signed a bill that extends the tax credit for first-time homebuyers (FTHBs) into the first half of 2010. This program had been scheduled to expire on November 30, 2009. In addition to extending …
Oct
09
Brevard County Mortgage and Real Estate Market Data: September 2009
Brevard County real estate sales continue to thrive. New listings are down, sales are up, and interest rates are still at historically low levels. With sales up almost 20% year over year, and inventory down about the same, it seems as though the market is moving at a fairly decent pace. So ask the question: is the market changing?
Sales continue to show strong numbers, and inventory is decreasing. With 79% of the sales bein
Aug
30
Brevard County Mortgage and Real Estate Market Data For July 2009
Here is a powerful and positive little fact: sales for single family residences for Brevard County are up over 22% for July of 2009 verses July of 2008. That is an astounding year over year number. Additionally, new listings are down slightly over 20% this July verses last July. So, it looks like sales are up and inventory is down; this is a strong sign that the market is improving, and we are bottomed out. If we continue on this track, this current real estate “sale†could end.
Aug
25
Brevard County FHA Mortgage update: Current County Limits
The FHA is a great loan as it gives home owners a very low down payment option, allows features that conventional loans do not (a conventional loan is any loan that is not a government loan), and has historically very low interest rates. Currently the FHA will allow a loan amount up to $291,250 for a single family residence in Brevard County, Fl.
Aug
01
Brevard County Foreclosure Myth’s
According to the Brevard County MLS, 30% of the single family residence sales, year to date, are marked as bank owned properties. I am not sure of the exact amount that are short sales, however, these are also dominating the market. While we may be reaching the bottom of the market, these transactions are not …
Jul
02
Sales are up!!
Single Family Residence Sales for May 2009 Show Continued Increase                 The Brevard county real estate market continues to improve at a rapid pace. Looking at the data for May 2009, sales are up 7% over April 2009. Sales are also up over 18% year to date through May verses last year. Sales are up, rates …
Jun
03
Lower home prices, but at what costs?
Everyone Wants a Lower Price, But What About the Impact of Interest Rates? When shopping for a home, the natural tendency of any buyer is to want to pay the lowest price possible. It’s important to keep in mind, however, that the sales price is not the only factor that determines what the monthly payment …
May
29
May’s Luxury Home Showcase was a wild success!
With over 25 agents attending from 10 different offices from all over Brevard County, this event was a wild success. While giving exposure to the property is the goal, it is also nice to have a time to speak with your professional peers from a myriad of different offices. For those who attended, thank you …
May
26
Luxury Home Showcase
This months Luxury Home Showcase will be in the Exclusive Cloisters Community. This event is by invitation only. If you would like to be on the invite list for next month’s event, please email Joe Harris. Â
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