Tag: #floridakeysmortgage

Don’t be impressed by the headlines reporting year-over-year housing numbers for the next several months (data covering March, April, May, and June). The data will most likely show eye-popping one-year increases. While the year-over-year jumps will certainly be striking, consumers should take these numbers with a grain of salt, as the situation highlights a short-term quirk in the reporting of this data. Essentially, the increases will reflect a combination of two things: sharply lower housing numbers during last year’s virus-related market collapse and the subsequent strong rebound. This will...

Florida Keys cuisine is as unique and appealing as the 125-mile island chain itself. From spicy conch chowder to savory Cuban pork, succulent pink shrimp and stone crab claws to sweet and tangy key lime pie, the destination offers a variety of temptations for visitors to enjoy. Florida Keys Newsroom

This year, mortgage rates have started to slowly climb above recent record-breaking lows. Many homeowners planning to move may feel like they’ve missed the chance to score a great rate on their next mortgage. In reality, there’s still time to secure a rate far below the historic norm. Here’s why. After creeping up for seven consecutive weeks, average mortgage rates have dropped more recently (See graph below). With rates taking a slight dip over the past two weeks at the same time the inventory of houses for sale is so low, homeowners today are sitting in the optimal seat to sell. What’s the...

If exploring the continental United States’ only living coral barrier reef is on travelers’ bucket lists this summer, the “Florida Keys Reef Explorer” undersea adventure giveaway offers an ideal chance to win a trip to discover the dynamic ecosystem.Florida Keys Newsroom

The financial benefits of buying a home as compared to renting one are always up for debate. However, one element of the equation is often ignored – the ability to build wealth as a homeowner. Most experts are calling for home prices to continue appreciating over the next several years. The most recent Home Price Expectation Survey, a survey of over one hundred economists, real estate experts, and investment and market strategists, expects home appreciation to increase as follows: 2021: 6% 2022: 4.5% 2023: 4% 2024: 3.6% 2025: 3.5% Using their annual projections, the graph below shows the...

One of the biggest hurdles homebuyers face is saving for a down payment. As you’re budgeting and planning for your home purchase, you’ll want to understand how much you’ll need to put down and how long it will take you to get there. The process may actually move faster than you think. Using data from the U.S. Department of Housing and Urban Development (HUD) and Apartment List, we can estimate how long it might take someone earning the median income and paying the median rent to save up for a down payment on a median-priced home. Since saving for a down payment can be a great time to practice...

Some 1,000 participants representing dozens of U.S. states competed in the 40th annual Seven Mile Bridge Run Saturday, crossing the longest of 43 spans that help comprise the Florida Keys Overseas Highway. Florida Keys Newsroom