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February 2019

Found 6 blog entries for February 2019.

The median sales price of single family homes in the Daytona Beach area rose nicely in January after some stagnation of prices in December.

For the month ending on January 31, 2019, the Daytona Beach Multiple Listing Service (MLS) reported that 275 existing single-family homes (detached) were sold in the greater Daytona Beach area with a median home sales price of $238,000. It’s a more than a 6 percent drop in sales compared to the same month last year. And while year-over-year comparisons showed median sales prices remained flat in December, the turn of a new year brought with it a 10 percent increase in median sales prices.

Comparisons to previous months and 2018 SFR sales figures are below:

  • January 2019: 275 sales, $238,000 median sales
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March is rumbling in and its going to be a busy month in the Daytona Beach area.  There’s something for everyone!  The weather is beautiful for outdoor activities, bikers are arriving for the famous Bike Week, families and friends are enjoying fun activities together, and people are jumping into Festival mode with all that Spring has to offer!

Movies on The Halifax

March 1

Visit the Rockefeller Gardens in Ormond Beach the first Friday of the month as they show a movie under the stars.  The movie for the month of March is Christopher Robin.  It will begin at 6:30 p.m. For more information visit www.TheCasements.net/events.php.

Downtown Music Festival

March 2

Visit the Canal Street Historic District of New Smyrna Beach on Saturday,

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Daytona Condo Market Stutters as 2019 Begins

As temperatures plummeted across the Daytona Beach area in January, so did condo sales and prices.  

An analysis of Daytona Beach Multiple Listing Service (MLS) data by Wyse Home Team Realty showed there were just 79 condo units sold around the Daytona Beach area in January. It’s a painful 21 percent decline in sales transactions, compared to January 2018. The overall volume of condo sales was down nearly 14 percent in year over year comparisons.

Median sales prices also fell hard in January. MLS reports show the median condo sales price around the Daytona Beach area in January was $176,000, down 17 percent from the same month last year.

In monthly comparisons, the freefall in sales and median

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5 Mistakes to Avoid If You're Planning To Buy A House

Many home buyers have learned the hard way that there are definitely some missteps that can keep you from closing on your dream home. So, to help our clients avoid these painful errors, we've pulled together a quick list of the most common 5 mistakes to avoid if you're planning to buy a house. 

Credit Disputes

If you're getting ready to buy a home, don't file last minute credit report disputes unless your loan officer advises you to do so. Quite often inexperienced buyers will make the mistake of disputing an old, dormant collection showing up on their credit report. Unfortunately, this can be a little like "poking a sleeping bear." Particularly, if the debt is valid. Negative items on

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Fixing Your Credit To Buy A Home

Is your bad credit holding you back from the American Dream of home ownership?

You’re not alone.

During the Great Recession, millions of Americans watched their credit scores plummet. And although the nation’s average score has rebounded nicely to 700, according to the latest reports from the credit bureaus, there are definitely people still struggling.

(In case you were wondering, 700 is considered a “good score.”  It’s not GREAT, but it’s good. And people can generally get decent financing with a score of 700 or higher.)

So the question is… how does one get their score up above that coveted 700 figure to buy a home or land a great interest rate on a new car?

The answer isn’t an easy one to swallow.

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Building Credit to Buy A Home

 Are you a young adult hoping to buy your first home, but you’re being turned away for lack of credit history?

You’re not alone.

Experian says this:

“It's no surprise that young people with few credit accounts ("thin" credit files) tend to have lower scores than older folks.”

According to Experian’s latest data, Generation Z (born after 1996 is holding down an average score of 634, while "Silents" are almost 100 points higher, at 729. Generation Y, also known as Millennials, (born 1982-1995) doesn't fare much better at 638, and Generation X (1967-1981) is 658. Only when the age scale reaches Boomers (1947-1966) does the average surpass 700 (703).

It’s the age old conundrum… building credit can be awfully

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