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– Real estate investors plan to buy more Despite rising prices and fewer foreclosures, 65% plan to keep up last year’s buying pace for at least 12 more months.
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– Mortgages could cost more in Fla. Feds say foreclosures cost more in states that mandate court oversight and will propose higher mortgage fees in Fla. Citizens Insurance public hearing to air grievances Miami meeting tonight has activists rallying. Web-televised event seeks input on Fla. insurer’s proposed rate increases.
– Fla.’s housing market continues positive trend in August Single-family sales in Aug. up 10.8%, prices up 5.8%; condo sales up 5.7%, prices up 13.2%. NAR: Total sales up 7.8%. NAR: August existing-home sales and prices rise
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– Homebuilders growing more content Monthly survey of builders’ attitudes has climbed for five months and is at its highest level since June 2006.
– NAR: Bring back sensible lending standards Survey analysis finds banks too stringent given current default rates, with too much emphasis on credit scores over 740. 20% downpayment not a QM requirement The qualified mortgage (QM) rule won’t force buyers to put so much down; however, Fed’s related QRM...
