Real Estate News For You This Monday.

Appraisers Set Higher Values On Homes In August

According to Quicken Loans a retail mortgage lender,Appraisers are placing significantly higher values on homes in August, but it seems it is still not enough for homeowners, who are still overestimating their home’s value. Home values in August were up 1.73%.

To see Quickens complete report click here.

New Home Sales Surge.

New home sales surged in August to the highest level observed in the Mortgage Bankers Association’s Builder Applications Survey since it began in 2012. The survey found that seasonally adjusted new home sales for August reached 601,000 sales, while on an unadjusted basis, applications were up following a sluggish July.

For the complete report from MBA click here.

Home Flipping Increases

As posted at the   home flipping of single family homes and condos has increased 14% from the last quarter, with a total of 51,434 completed flips. This is a six year high.

A home flip is defined as a property that is sold in an arms-length sale for the second time in a 12 month period.

For the complete report click here.

Citizens Rates Approved for 2017

The Florida Office of Insurance Regulation on Friday approved 2017 rates for Citizens Property Insurance Corporation that address a disturbing increase in non-weather water loss claims and litigation that prompted an overall 6.4 percent increase for homeowners’ multiperil policyholders across the state.

For the complete article click here

7 Things That Could Turn Off Homebuyers

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Milton Weiss
Born in cold country up north, I never was happy being cold. Finished college and left for warmer weather and landed in the Caribbean for many years. Met my wife there, had a happy life there and then moved to Palm Beach County, Florida, where we still have a happy life. Warm weather, the sun, and the ocean flow through my body. I hope to bring some of that energy to you.