Bruce Gubnitsky | Bruce Gubnitsky

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Today’s News May 7, 2019

– Ginnie Mae: Multiple refinances cause problems In “churning,” lenders pressure homeowners to refinance their mortgage more than once, but investors worry that it’s putting more Americans’ homes at risk. Top reason city dwellers move out? To escape pollution Survey: HSBC survey found that 20% of people who move...

Today’s News May 6, 2019

– Want flood insurance for hurricane season? You're late While some Fla. homeowners have private options, national flood insurance has a 30-day waiting period in some cases – and hurricane season starts in 25 days. New Fla. tolls roads would boost development New roads often turn rural areas into...

Today’s News May 2, 2019

– Mortgage rates drop – 30-year average at 4.14% After four weeks of rising FRM rates, they dropped this week from last week’s 4.20%. A Fed decision not to raise or lower short-term rates may have helped. New ADA lawsuit alleges that realtor.com isn't accessible The lawsuit includes all...

Today’s News May 1, 2019

– Florida Legislature budget finalized, waiting period begins The budget now faces a 72-hour waiting period before a final vote, with Saturday likely the last day the 2019 Florida Legislature will meet. Many Realtor-supported issues did well, including environmental funding, beach restoration and blue/green algae 50% of boomers may...

Today’s News April 30, 2019

– Florida Realtors: Commit to Excellence. Be a C2EX.realtor Do you know your real estate profession inside and out? Find out through NAR’s new Commitment to Excellence (C2EX) program. The end result? You, only better. Floridians' consumer confidence hits 17-year high UF’s consumer sentiment index rose 1.4 points in...

Today’s News April 29, 2019

– Want flood insurance before hurricane season? Act now In most cases, it takes 30 days for a new NFIP policy to become active, and the 2019 hurricane season starts June 1 – 32 days from today. Census Bureau: Fla. top U.S. state for in-migration More people moved to...

Today’s News April 25, 2019

– Long-term mortgage rates hit 4.2%, up for 4th week While rates appear to have temporarily bottomed out, they remain historically low and should still spur home sales during the spring buying season. Assignment of benefits bill heads to governor A six-plus-year effort to pass property insurance AOB reform...

Today’s News April 23, 2019

– March new-home sales pace highest since Nov. 2017 New-home sales fell 8.1%-17.6% everywhere but the South, which includes Fla., where they surged 9.6%. Builders appear to be focusing more on lower-end homes. Florida Legislature: Update for the week ending April 19 The 2019 session of the Florida Legislature...

Today’s News April 22, 2019

– Study: Consumer demand continues to be more eco-friendly NAR’s Sustainability 2019 Report found that 3 out of 5 residential buyers are interested in sustainability, and 7 out of 10 agents promote it in their listings. Fla.'s housing market: Pending sales, median prices up in March Fla. Realtors data:...

Today’s News April 19, 2019

– CoreLogic study: Do owners fare better than renters? The rent index jumped 36% in 13 years (2005-2018) while the typical mortgage payment fell 4%. Without fixed monthly costs, renters spend more on housing. Housing starts decline in March Starts fell 0.3% from a downwardly revised Feb. reading. Multifamily...