Part One Of Best Selling Author Kevin Tachers Interview on Housing Market Trends Bolsters Confidence

FORT LAUDERDALE, Fla. - July 10, 2013 - PRLog -- In part one of his interview about trends in the housing marketplace Kevin Tacher, Founder and CEO of Independence Title, Inc. in Fort Lauderdale, Florida said that the improving economy and low interest rates have boosted buyer demand in most housing markets and thereby caused a decreased supply in inventory that’s raising prices.  “It’s remarkable that the inventory for homes for sale at the end of November was down 3.8% from the previous month.  Studies show that’s the lowest supply since the high housing market during the fall of 2005.”  said Tacher.  “Listed inventory is down 22.5% from a year ago.  Homeowners can really use that information to their advantage.”
Another trend Tacher speaks to is the state of interest rates for the remainder of 2013.  “Barring any huge changes in the economy overall reports I’ve read state that interest rates will hover between 3.5% and 4% this year.  However, the costs associated with securing some loans are rising.”  added Tacher.  These increases are due to the Federal Housing Administration’s increase last spring of the one-time upfront mortgage insurance premium for minimum down payment loans - those of less than 5% down.  “While this doesn’t affect everyone it does affect those who are making those minimum down payments.  For instance, if the FHA raises those premiums to 2.05% annually, on a $200,000 loan it increases costs by $133 a month.  It’s not assured that they will, it’s just an option due to their reserves that are now at a record low.” said Tacher.

Tacher will continue in part two of this interview in the coming week hoping to help homebuyers and sellers stay abreast of tips and trends in the current marketplace.

Founded several years ago by Amazon.com Best-selling Author Kevin Tacher, Independence Title Inc. is located in Fort Lauderdale, Florida. They are one of South Florida’s fasting growing Title Insurance Agencies. Independence Title is locally owned and managed. They provide their team of title professionals with state of the art technology, mobile applications and continued training. Together with support of the top underwriters in the title insurance industry, they have the expertise to complete real estate transactions with the highest level of efficiency and client service.  For more information on Independence Title, Inc. or to download Kevin Tacher’s best-selling book, “SOLD” visit http://www.TitleRate.com

For more information on Kevin Tacher and Independence Title, Inc. visit http://www.TitleRate.com