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Deltona Market Report

The number of available homes for has increased over 12% from a year ago and the number of sales has only increased 3.6%. While buyers still find it challenging to locate homes, we do see that the market is quickly stabilizing. The average sales price is up just over 9%.  Prices are still on the [...]

More Buyers May Qualify For Zero-Down Rural Loans

WASHINGTON – Feb. 14, 2019 – Prisons and military bases are commonly located outside small, rural towns and often they’re the biggest employers and economic drivers around. But that’s been a double-edged sword – until now. A town with a population greater than 35,000 isn’t considered rural under federal Rural Housing Service (RHS) guidelines, even […]

New Construction in Deltona Sees Dramatic Changes From 2017 to 2018.

Let’s look at the Deltona New Home Market for 2018. Data discussed below is gathered from the City of Deltona Construction Services Division, Bureau of Economic and Business Research Department at the University of Florida, and MyFlorida Regional Multiple Listing Services. New construction is on the rise, introducing a plethora of new inventory to the […]

Florida Has Many Programs to Help First-Time Homebuyers

ORLANDO, Fla. – Jan. 29, 2019 – U.S. News & World Report issued an extensive overview of programs in Florida that can help first-time homebuyers secure their first house – and in some cases, they don’t even need to be first-timers. A few programs consider anyone who has not owned a home within the past […]

Florida home to almost 1 in 5 ‘best place to retire’ cities

HOUSTON – Jan. 24, 2019 – Eighteen Florida cities were selected as top retirement destinations in the sixth edition of “America’s 100 Best Places to Retire,” a comprehensive guidebook of the country’s most appealing retirement towns. Editors and staff say that they spent 11 months researching more than 800 cities. The final selection represents 35 […]

FAU study: Market overheated but buyer demand still high

BOCA RATON, Fla. – Jan. 18, 2019 – National housing prices as a whole are slightly overheated and residential real estate markets are experiencing minimal downward pressure on the demand for homeownership, according to a new study from faculty at the Florida Atlantic University College of Business. The study’s author, Ken Johnson, Ph.D., a real […]

A Government Shutdown Could Affect Real Estate

WASHINGTON – Dec. 18, 2018 – The U.S. Congress funds government operations through a series of bills that must be signed by the president, and some of those bills expire on Friday. If those bills are not authorized by Congress and signed by President Trump, the impacted federal agencies effectively shut down, though they have […]

Rent vs. Buy? FAU Sees it Still Moving Closer to ‘Rent’

BOCA RATON, Fla. – Dec. 5, 2018 – U.S. metropolitan residential real estate markets are peaking and some cities are in another pricing bubble, according to the latest national index produced by Florida Atlantic University (FAU) and Florida International University (FIU) faculty. The Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index estimates wealth creation […]