– Some buyers will lose out if they don't act now Every marginal increase in mortgage rates makes homeownership unaffordable for a few more buyers, so it’s now-or-never for some families. FAU report suggests real estate cycle is hitting its peak Housing prices, which have been rising steadily since...
– NAR: Fair housing should remain a primary HUD mission HUD might change its mission statement to remove “antidiscrimination language.” Sec. Ben Carson, who has led the charge, also wants to add “self-sufficiency.” Foreclosure expert adapts to dwindling market Many agents became foreclosure experts during the recession, but with...
– Mortgage rates climb to 4.46% – a 4-year high The cost of a loan continues to rise on the brink of the traditional spring home buying season, and buyers will now confront higher borrowing costs. Flood insurance fight gets serious as sea levels rise Florida Realtor Brandi Gabbard,...
– Top commercial real estate concern? Rising rates Commercial executives are braced for multiple rate increases throughout the year, and they see that higher cost of borrowing as a top challenge in 2018. Realtors support proposed association health plan rule NAR: A proposed Department of Labor rule could make...
– How many Puerto Ricans moved to Fla. after Hurricane Maria? A look at school enrollment data, change-of-address forms and Puerto Rican FEMA claims submitted from Fla. provide an estimate of post-storm mobility. Who's buying Fla. real estate? It changes over time A new China policy that limits how...
– U.S. Senate makes few moves on flood insurance overhaul March 23 is the deadline to reauthorize NFIP, and with few signs of consensus, it looks like Congress will punt again when it comes a flood insurance deal. Congress asked to crack down on mortgage trigger leads When you...
– Pending home sales drop 4.7% in Jan. A lack of homes for sale and an increase in average mortgage rates caused the number of homes under contract to drop to its lowest level in over three years. Fla. consumer sentiment drops a bit in Feb. UF economists revised...
– U.S. consumer confidence hits 18-year high Conference Board: Despite recent stock market volatility, consumers expressed greater optimism about short-term prospects for businesses and labor markets. Fla. property taxes about average in state comparison Fla. ranks 27th in a state-by-state comparison of property taxes by WalletHub with an effective...
– January new-home sales drop 7.8% The Commerce Department says Jan. sales came in at a seasonally adjusted annual rate of 593,000 – the lowest since August and down from 643,000 in Dec. Many lenders loosening mortgage requirements Thanks to new laws and economic fears, mortgage lending ground to...
– Long-term mortgage rates climb again – to 4.40% The average rate for a 30-year fixed-rate mortgage hit its highest point since April 2014 and moved marginally higher from last week’s average 4.38%. IRS: Some home equity loans are still tax deductible In a response to “many questions,” the...
