Fernando Cottin Real Estate Reflections

https://homesinvestmentproperties.com/

The 80/20 Rule – Intro to Mortgage Insurance:
Mortgages revolve around a 20% down payment, and buyers who put less down use mortgage insurance to do so – yet many don’t understand what that means.
More in the blog section:
https://homesinvestmentproperties.com/

Can You Time the Housing Market?
A Fannie Mae survey found that a record number of buyers think it’s a bad time to buy a home. But is it? Even experts stumble with market predictions.
More in the blog section:
https://homesinvestmentproperties.com/

NAR’s 2023 International Sales Report: 23% in Fla.:
International buyers face the same challenges as domestic buyers: Transactions were down 9.6% year-to-year, and the number of homes sold (84.6K) declined 14.2%.
From April 2022 through March 2023, foreign buyers purchased $53.3 billion worth of U.S. existing homes – 9.6% less than the previous 12-month period, according to the National Association of Realtors® (NAR). They bought 84,600 properties, down 14.2% year-to-year and the fewest number of purchases since 2009, when NAR began tracking international-buyer data.
Still, foreign purchases did not fall as much as existing home sales, which were down 17.8% from 2021.
More in the blog section:
https://homesinvestmentproperties.com/

https://homesinvestmentproperties.com/

Seller Financing Returns as Mortgage Rates Rise
An old tool is back as mortgage rates rise Seller financing often occurs when buyers hope to save on closing costs and sellers want top dollar for their home.
More in the blog section:
https://homesinvestmentproperties.com/

First Timers’ Need 13% More Income this Year:
Nationally it is 13%, but in Fort Lauderdale it is 28% – the highest in the U.S. In Miami, a first-time buyer needs to earn 25% more than they did a year ago.
More in the blog section:
https://homesinvestmentproperties.com/

5 Out of 25 High-Growth U.S. Metros in Fla.
Checkr – an employee background-check firm – analyzed data to pinpoint the growth metros that would be attractive to employer relocations and job-seeking movers.
More in the blog section:
https://homesinvestmentproperties.com/

What Are Florida’s Wealthiest Counties?
Monroe County tops the list with a median home value just shy of $1M ($957,819) – but it’s not No. 1 for median income ($73,153).
More in the blog section:
https://homesinvestmentproperties.com/

Fla.: Highest 2-Year Home Price Rise on East Coast
Over two years, Fla. home prices rose 35.16% – the highest increase on the East Coast – with Ga. and the Carolinas seeing something just short of 30%.
More in the blog section:
https://homesinvestmentproperties.com/

Lots of Fla. Cities ‘Best for First-Time Homebuyers’
What makes a city “best” for first timers? WalletHub looked at 22 key indicators, such as attractiveness, affordability and quality of life. Top of the list? Palm Bay.
More in the blog section:
https://homesinvestmentproperties.com/

5 Fla. Metros in Top 10 for Out-of-State Buyers
In 2Q 2023, Fla. remained a top go-to state, with the lion’s share relocating from New York, but Chicago provided more buyers for Cape Coral, No. 7 on the list.
More in the blog section:
https://homesinvestmentproperties.com/

More S. Fla. Homeowners Gaining Home Equity
The market slowed a bit nationally, but not in S. Fla., which is seeing slower, yet positive home value gains. About 2 out of 3 homeowners (65.3%) are “equity rich.”
Homeowners across South Florida are seeing equity gains in their homes, despite the national housing market slowing down.
More in the blog section:
https://homesinvestmentproperties.com/

For Some, It’s Not ‘Near the Beach,’ It’s Disney
For prices ranging from a few million to $19M– and yearly fees from $20K to $30K – upscale Disney fans live 5 minutes from Epcot and enjoy a roster of insider amenities.
More in the blog section:
https://homesinvestmentproperties.com/

Some Home Features Help Sell Homes Faster:
A study compared certain home features to all sales and found a quicker time to contract with some. A smart-doorbell home, for example, sold 5.1 days faster.
With spring-buying season in full swing, home sellers eager to see their properties sold quickly could benefit from having certain features in their house, a new analysis shows.
More in the blog section:
https://homesinvestmentproperties.com/