Mortgage rates continue to rise and currently sit at 7.12% according to Mortgage News Daily. Here is an overview of where we stand today: Mortgage applications rose in the latest week, even though rates stayed the same. This is because some buyers have accepted the higher rates, and others are buying now because inventory is low. The average 30-year fixed mortgage rate was 7.31%, unchanged...
Tropical Storm Idalia intensified this morning as it approaches Cuba. The National Hurricane Center is predicting it would grow into a Category 3 major hurricane before striking Florida this week. Central Florida should expect to see Idalia Tuesday night - Wednesday morning. Here are 5 things to do to prepare for Tropical Storm Idalia: Make a plan and know your evacuation route. Talk to your...
The mortgage rates have been rising steadily in recent months and have reached the peaks we were seeing in 2000. This is having a significant impact on the housing market. For home buyers, higher rates mean higher monthly mortgage payments. This can make it more difficult to afford a home, especially for first-time buyers. However, there is one silver lining for buyers: the higher rates are also leading...
The Daytona Beach City Commission donated seven city-owned lots for affordable housing to Mid-Florida Housing Partnership. A nonprofit that helps people get into affordable housing. The lots are located in the Downtown Redevelopment Area, the Midtown Redevelopment Area, and the Midtown neighborhood. The lots have an appraised value of just over $10,000. Two of the parcels are just under 2,300 square...
To find the highest-paying jobs that do not require a college degree, Stacker analyzed the Bureau of Labor Statistics' Occupational Outlook Handbook to identify all jobs that do not require a bachelor's degree. To be considered, occupations had to list a high school diploma, some college education (without a degree), a postsecondary non-degree award, or no formal education requirements for entry-level...
If you have dreams about building your house then these 7 steps are basic steps to help get started. Find land. This is the first and most important step. You need to find land that is zoned for residential construction and that has the necessary utilities. You can find land for sale online or through a real estate agent. Get financing. You will need to get financing to purchase the land and to...
Homebuyers the past several years have flocked to Florida. According to Redfin, here are the top 5 destinations for homebuyers. Las Vegas Phoenix Tampa Orlando Sacramento The majority of people moving to Orlando are coming from New York City. Homebuyers are still taking advantage of remote work opportunities to move to more affordable areas with better housing options. According to a...
NOAA predicts a near normal Hurricane Season with 5-9 hurricanes. After last year's hurricane destruction and the season ramping up I want to help you prepare for Hurricane Season. Here are some tips on how to prepare for hurricanes: Make a plan. Know your evacuation route and have a plan for where you will go if you need to evacuate. Make sure you have a way to communicate with your family...
We might have ourselves another Daytona Beach Brewery in the famous Corbin Building. Back in 2022, the city of Daytona Beach purchased the Corbin Building. The Corbin Building is a historic 39,000-square-foot building located in downtown Daytona Beach. It was built in 1888 and is considered to be one of the oldest buildings in the city. The building has been vacant for several years. The plan was to build...
We're back with our June New Smyrna Beach Housing Update. Let's see how interest rates are affecting our housing market. New Smyrna Beach Housing Update June 2023 July 2022 July 2023 Percentage Difference Number of Listings 190 124 184 48% Increase New Listings 82 78 68 13% Decrease List Price $539,000 $587,000 $557,000 5% Decrease Sales Price $494,000 $555,000 $516,000 7%...