New build-to-rent homes surging across Florida as mortgage rates rise
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Build-to-rent homes have become a popular solution to the housing crisis in South Florida and the Treasure Coast, with 44,700 houses currently under construction. On November 1, 2023, a ribbon-cutting ceremony was held for The Cottages, a build-to-rent complex in Port St. Lucie. Vice President of Capstone Communities Davis Maxwell said that the build-to-rent model […]
The Path to Homeownership: Building Credit for a Better Mortgage
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This blog post provides tips on how to build a strong credit score to increase the chances of getting approved for favorable financing terms. The tips include understanding credit scores, reducing debt and increasing savings for homeownership, and improving credit score with a secured credit card. A secured credit card requires a cash deposit upfront […]
Top 3 Florida’s Cities for Homebuyers in 2023
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WalletHub ranked Tampa as the 17th best city to buy a home.
Insurance Tips for Florida Homeowners
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Consider your coverage needs and deductibles, including wind or hurricane deductibles.
Navigating Florida Home Selling Costs
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Florida’s sellers cover certain closing costs like escrow fees, title costs, and documentary stamp taxes.
Here’s why interest rates are soaring for mortgages, credit cards
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The recent jump in bond yields is a result of the Fed’s efforts to fight inflation and the realization that they may have to keep interest rates high for longer than expected. The average rate for credit cards is at a record high, while mortgage rates stand at their highest level in two decades. Car […]
Happy Halloween
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Halloween falls on October 31 because the ancient Gaelic festival of Samhain, considered the earliest known root of Halloween, occurred on this day. In the eighth century, Pope Gregory III designated November 1 as a time to praise all saints. Soon, All Saints’ Day incorporated some traditions of Samhain and the evening before was known […]
Florida Faces Mortgage Rate Shockwave!
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Freddie Mac’s data reveals a 30-yr mortgage rate avg ↑7.49%. Factors Behind Rate Surge Inflation Job market shifts The Fed uncertainties Florida’s commercial Real Estate faces project delays and profit challenges.
Palm Beach County Market Update
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The Insurance Crisis in Florida
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Florida has experienced 20 extreme weather events between 2019 and 2023, costing $239.5B.