When it comes to purchasing a property, one of the most common questions people ask is, “When is the best time to buy?” The truth is, there's no one-size-fits-all answer, but understanding current market conditions can help you decide if now is the best time to buy. One crucial factor is mortgage rates. Over the past few years, rates have remained relatively low, making homeownership more...
In recent months, mortgage applications have hit their lowest levels since 1995. This is a significant trend that underscores how rising interest rates and economic uncertainty are impacting the housing market. For prospective buyers, this decline may seem alarming, but it also presents unique opportunities. The reason behind this drop is primarily tied to high mortgage rates, which are...
The kitchen is often the heart of the home, so it's no surprise that upgrading it can boost your property's value. If you’re thinking about making some improvements, here are three kitchen features that not only look great but also add serious value to your home. 1. Quartz Countertops Move over, granite—quartz is taking over! This durable, non-porous material is heat-resistant, stain-resistant, and...
Daytona Beach is set to offer disaster relief grants to local homeowners, renters, and small businesses to help them recover from recent emergencies. During a community event held on Monday, city officials shared information on eligibility requirements and the application process. The city has allocated $1.5 million in federal funds from the American Rescue Plan Act to support these disaster relief...
Daytona Beach city officials have announced much-needed relief for homeowners and businesses impacted by last month’s Hurricane Milton. During a recent meeting, city commissioners approved up to $1.5 million in grants to assist those affected. The breakdown of the grant funds includes $1 million for homeowners and $500,000 for businesses. Homeowners can receive up to $9,000, while businesses can get...
Nestled in the highly sought-after neighborhood of Quiet Place In The Country, this stunning 3-bedroom home, with an additional office, offers the perfect blend of comfort and functionality. Step inside to discover vaulted ceilings that create an open, airy atmosphere. Relax by the screened-in pool or enjoy serene views of your private pond right in the backyard. Car enthusiasts will love the secondary...
Mortgage rates are closely tied to bond markets, particularly the 10-year Treasury yield. Here’s why: bonds and mortgages are both long-term investments, meaning they share many risk and reward considerations. When bond yields rise, mortgage rates generally follow suit because lenders need to keep rates competitive to attract investors. Conversely, when bond yields fall, mortgage rates tend to drop,...
Donald Trump's victory in the 2024 presidential election is set to have significant impacts on the real estate market. Here are five key implications to watch: 1. Potential for Deregulation Trump's previous administration focused heavily on deregulation, and we can expect this trend to continue. This could lead to more lenient building and zoning regulations, potentially increasing the housing supply....
Your water heater is a crucial part of your home, providing hot water for showers, washing dishes, and more. Like any other appliance, it requires regular maintenance to run efficiently and last longer. Proper water heater care can save you money on energy bills and reduce the chances of an unexpected cold shower. Here are some effective water heater maintenance tips to keep your unit working...
We didn’t expect the housing market to be quite like this. Experts in real estate and finance anticipated a busy fall buying season, with more homes available and lower mortgage rates helping buyers jump back in. But instead, rates have been climbing steadily. After briefly dipping, mortgage rate trends show they are now trending over 7%, a level that’s making many potential buyers hesitate. Though...