Entries by DomresRealEstate

How homeowners are using equity loans

July 24, 2018 in /by

Home equity lines of credit have hit a nine-year high. Real estate analytics firm Attom Data Solutions found that 347,875 new home equity lines of credit were taken out in the first quarter of 2018. That's an 18 percent increase from the final quarter of 2017, and 14 percent increase from the same time last year, The Chicago Tribune reports. Since the recession, home equity loans have taken on a new purpose. “Putting home equity to work is the name of the game in the 2018 housing market –…

Tampa’s new condos are mostly in the million-dollar range. Where does that leave millennials who are ready to buy — but want to stay downtown?

July 20, 2018 in /by

As Tampa developers venture back into condo projects — after a drought that lasted more than a decade — all of the proposals are at the very high end of the market. That takes downtown home ownership off the table for the majority of a demographic that's been key to the city's urban revitalization efforts: Educated millennials like Ashley Daniel, who commutes to her job as a web developer in New Tampa.

Tampa ranked second best for first-time homebuyers

July 20, 2018 in /by

Tampa has been ranked the second-best city for first-time homeowners, according to a new survey from WalletHub. The recent report comes after 300 cities were compared based on market attractiveness, affordability and quality of life. Tampa had high scores in the categories of quality of life, which encompasses factors such as recreation, weather, job market and crime rate. Here's how Tampa ranked in individual categories: Affordability: 139 Real Estate Market: 4 Quality of life: 15 The only…

Developers of 35-story condo tower in downtown Tampa’s Channel district aim for early 2019 groundbreaking (Rendering)

July 18, 2018 in /by

The developers known for pioneering projects in downtown Tampa's Channel district are moving forward with the neighborhood's first new condominiums in more than a decade: 35 stories of luxury units on Channelside Drive. Mercury Advisors has secured a $45 million development loan for Eleve 61, which will be built at 858 Channelside Drive on a .65-acre parcel that the developer has owned since 2006. The tower, once proposed as Del Villar, includes 61 units and has been designed for “urban professionals…

Meet the 2018 Fast 50 honorees: Nationwide Title Clearing

July 17, 2018 in /by

Company: Nationwide Title Clearing Inc. Location: Palm Harbor Industry: Document services for the mortgage industry How would you describe what your company does to a friend or family member who may not know? Nationwide Title Clearing Inc. is a research and document service provider in the residential mortgage industry for over 25 years. We provide services to most of the nation’s largest mortgage lenders, servicers and investors and our documents are recorded in over 3,600 county jurisdictions…

U.S. mortgage rates reverse course

July 16, 2018 in /by

U.S. mortgage rates rose this week after dropping in most of the recent weeks, according to Freddie Mac. The 30-year fixed mortgage averaged 4.53 percent for the week ending July 12, up from 4.52 percent the previous week. A year ago, mortgage rates stood at 4.03 percent. Favorable mortgage rates have helped drive U.S. home sales and the refinance market. Sam Khater, Freddie Mac’s chief economist, said mortgage rates were mostly unchanged, but did tick up for the first time since early June. “The…

Meet the 2018 Fast 50 honorees: Highland Homes

July 10, 2018 in /by

Company: Highland Homes Location: Lakeland Industry: Home builder How would you describe what your company does to a friend or family member who may not know? We build dream homes. What are some key accomplishments/statistics your company has achieved in the past 12 months? Recognized as the No. 75 largest homebuilder in the nation on Builder Magazine's Builder 100 List (May 2018) Sold 715 homes in 2017, exceeded our goals for the year (Dec 2017). Closed 642 homes in 2017, a 12.6 percent…