Here are some quick "bites" related to the real estate market, both locally and nationally, taken primarily from the Florida Realtor magazine for Jan/Feb.
Flood Insurance: Findings - Most of the $25 billion debt for the National Flood Insurance Program (NFIP) is due to Hurricane Katrina and Hurricane Sandy. Floridians paid $3.60 in premiums for every $1 collected in flood claims! Looks like Florida is more than paying its share to reduce the debt! Go to the Flood Insurance toolkit at floridarealtors.org for complete info.
How about this site for those of us who want to know who "knows" us? ReverseGenie.com will look up phone numbers, email and physical addresses, even IP addresses!
Florida is now ranked #2 in the US for investment by CEO magazine. According to floridarealtors.org, the median sales price for the Jacksonville area (to include St Johns and nearby counties) is up 12.4%. For Florida, the average DOM (days on market) is down 15.5% and the average sales price up by 7.1%. The percentage of listing price for sold properties is at 93.6%! Now that's great news for sellers, but buyers, wake up!!
After much apparent indecision, the USDA map for eligible loans, with 0 percent down and low interest rates and friendly credit scores, remains the same and the files are being processed more briskly, between 15-30 days, according to Valerie Clymer of Watson Mortgage.
Finally, a great app for homeowners that are looking to make improvements - homeZada.com - on Android and iOS. It helps determine how much a project would cost and the supplies for it. Hundreds of projects are already loaded. Check it out! How about "them apps"??
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