In January, the number of total foreclosure filings rose by 10% from the previous month and increased by 5% compared to the same period last year, as reported by Attom, a provider of property data. There's also evidence suggesting that wider economic trends are starting to impact foreclosure activities more significantly. Rob Barber, the CEO of Attom, mentioned in a report that various external...

We're back with our Daytona Beach Housing Update. My biggest takeaway is the increase in number of days on market. 160 days is a very long time. Sure the list price is 28% higher but that is standard for Volusia County. You would think Winter for Daytona Beach would be a hot time for listings. That certainly wasn't the case this Winter. Looking forward to tracking this during the Spring.  Daytona...

We're back with our Ormond Beach Housing Update. My biggest takeaway is the list price is finally decreasing. Sellers are making adjustments to the average sales price when all last year they were roughly 40% too high. Sellers becoming realistic with buyers needs leads to a very healthy real estate market.  Ormond Beach Housing Update January 2024 February 2023 February...

We're back with our Port Orange Housing Update. My biggest takeaway is the days on market is stabilizing with 90 days on market. If you're a seller you should expect to sit on market without an offer for 45-60 days. Big change from 2022 where the average days on market were 55. Port Orange Housing Update January 2024 February 2023 February 2024 Percentage Difference Number of...

We're back with our New Smyrna Beach Housing Update. My biggest takeaway is the increase in average sales price. I believe it's an outlier of a month that had a few big closings. The median sale price was down 15% from last year.  New Smyrna Beach Housing Update January 2023 February 2023 February 2024 Percentage Difference Number of...

The ever-widening gap between U.S. median house prices and median income is a pressing issue that affects millions of Americans. Over the past few decades, we've witnessed a significant divergence: while house prices have soared, wages have stagnated, adjusting for inflation. This disparity has made homeownership an increasingly elusive dream for many, particularly for first-time buyers and middle-class...

In the world of home improvements, few projects offer as immediate an impact with relatively modest investment as upgrading your lighting. Whether you're considering selling your home or simply enhancing its comfort and ambiance, innovative lighting solutions can dramatically transform your living spaces. Here's why investing in upgraded lighting is a bright idea for adding value to your house. 1....

Maintaining clean shower heads and faucet aerators is crucial for a healthy home. These fixtures can harbor harmful bacteria and accumulate mineral deposits, affecting water flow and quality. Here’s a streamlined guide to keep them in top condition. Importance Prevents Bacteria Growth: Regular cleaning reduces the risk of pathogens like Legionella. Improves Water Flow: Eliminates clogs from...

How Assumable Mortgages Work The process of assuming a mortgage involves a thorough examination of the buyer's creditworthiness by the lender. If the buyer meets the lender's criteria, they can take over the existing mortgage under its current terms. The buyer is then responsible for the remaining principal and interest payments. It's worth noting that while the mortgage is transferred, the property deed...

Imagine Florida's vacation rental scene as a wild, untamed garden. Now, enter Senate Bill 280, the gardener ready to transform this space into a harmonious, orderly paradise. Here's why Senate Bill 280 is the buzz everyone in Florida is talking about, and honestly, it's quite the showstopper. First off, Senate Bill 280 is setting the stage for a unified set of rules for all short-term rentals across the...