The economy is improving, interest rates are low, and many people are ready to become a first-time home buyer The economy is improving, interest rates are low, and many consumers now find themselves in a great position financially to become a first-time home buyer. There's a small problem though - the booming real estate market is resulting in rising home prices and increased competition for the most...
Is it cheaper to rent or to own a home in the Sunshine State? Personal finance website GO Banking Rates released a guide detailing how the average monthly rent compares to monthly mortgage payments across the U.S. The bottom line: It's cheaper to own a home than it is to rent one in 42 states, with renting more affordable in only eight states and the District of Columbia. According to GO Banking Rates,...
Olive Townhomes, a new townhome project coming to South Eola/Thornton Park in Downtown Orlando If approved, three separate lots on East Pine Street in the South Eola/Thornton Park area of Downtown Orlando could be the future home of the Olive Townhomes. The three lots, comprised of 619,621, and 623 East Pine , could soon host a new three-story, six-unit development. The proposed building has already been...
Here's a little homebuyer extra credit for getting mortgage approval... Knocking off more credit card debt every month may now be a better deal if you're looking to get mortgage approval to buy a home. Fannie Mae, the government-sponsored enterprise that buys mortgages and sets rules on how to assess the risk of loan applicants, is rolling out revised underwriting software that rewards those who make more...
Florida's economy will outpace U.S. for the next four years Spurred by rising job growth and home construction, Florida's economy is expected to continue to grow at a faster pace than the national forecast for the next four years, according to the latest forecast from UCF economist Sean Snaith, director for the Institute for Economic Competitiveness at the UCF College of Business Administration. "The...
The difference between a 'good' and a 'bad' credit score could cost you thousands in loan interest Your credit score comes from several pieces of information about you, including whether you make payments on time and how much you spend. Nowadays just about everyone, from landlords to lenders, judges you based on your credit score. In part because credit companies, like banks, have been so inundated during...
Is Your Stomach Growling? Lake Eola Park's 8th Annual Downtown Food and Wine Fest is This Weekend! Don't eat today - you'll want to save room for this weekend's eighth annual Downtown Food and Wine Fest, in the heart of Downtown Orlando at Lake Eola. Thirty of Orlando's premier restaurants, over 50 wine sellers, and live entertainment will be featured on Robinson St around Downtown's outdoor living room...
FL Dominates Forbes' Top Investment Cities List Where should real estate investors put their money in 2016? Forbes teamed up with North Carolina-based data company Local Market Monitor to find out and produce its "2016 Best Buy Cities." This year, FL dominates Forbes' top investment cities list! Out of the top 20 housing markets to invest in this year, seven of these cities are in Florida. These include...
Florida to Be Real Estate "Hot Spot" in 2016 What will Florida's real estate markets look like in the coming year? This is a question on every native's mind. Florida is positioned to become a real estate "hot spot" this year with "rising demand, positive gains in recovery, really good fundamentals and positive momentum," said Jonathan Smoke, chief economist of realtor.com. He said 2015 was a good year and...
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