– Set to hike rates, Fed wrestles with low inflation Experts: The Fed likely will raise its key short-term rate by a quarter percentage point to a range of 1% to 1.25% this week – the third such hike since Dec. How to claim Florida as your state of...
– Root causes for U.S.'s depressed homeownership rate Study: Affordability issues, student loan debt, tight credit conditions and housing supply shortages are keeping the homeownership rate stuck near a 50-year low. House votes to repeal key aspects of Dodd-Frank Under the new bill, known as the Financial CHOICE Act,...
– Fannie to loosen mortgage requirements On July 29, Fannie Mae will raise its debt-to-income ceiling from 45% to 50%, making it possible for a larger number of new buyers to qualify for a mortgage. Where did all the starter homes go? Builders and economists point to a maze...
– Millennials may see a 2017 home-buying turnaround U.S. homeownership rate is 63.6% (64.6% in Fla.), but owner households formed at double the rate of renter households in 1Q 2017 – a key to homeownership growth. CoreLogic: More homeowners have regained equity 9M U.S. borrowers have regained equity since...
– Survey: Buyers/sellers express mixed reactions in May Fannie Mae’s monthly survey on consumers’ attitudes about the current real estate market slipped slightly, 0.5 points in May after rising in April. 6.9M homes at risk of hurricane storm surge CoreLogic 2017 report: Potential reconstruction value is more than $1.5...
– New 'HomePod' speaker coming to smart homes Like Google Home and Amazon Echo, Apple’s HomePod will play music, and Siri’s voice will listen, take commands and help people manage their lives and homes. NAR: Commercial foreign investment on the rise What will happen with international commercial investing? NAR’s...
– Congress might remove roadblocks to Everglades restoration A proposed law could cut regulatory delays and speed the flow of federal money to fix the fading River of Grass and boost S. Fla.’s drinking water supply. Homebuyers: How to win the downpayment challenge Saving for a downpayment is the...
– HOAs come in handy dealing with nuisance neighbors Real estate QandA: A neighbor routinely has a dozen cars in his front yard at all hours, but without a homeowners association, what can an owner do? Average 30-year mortgage rate slips to 3.94% The average 30-year FRM fell again...
– NAR: Pending home sales down 1.3% in April Pending sales slumped for the second consecutive month. NAR economist cites significantly weak supply levels, deteriorating affordability and too few new homes. Downpayment help with a catch: A claim on equity Trending: More startups, such as Unison and OWN Home...
– Single-family rents remain strong – for now ATTOM says mediocre wage growth and an increase in the number of rental units could slow rental cost growth. In Orlando right now, rents are “basically flat.” Fla.'s consumers lost some confidence in May Consumer sentiment dropped for the second month...
