– Gov. kicks off tax cut plan at Florida Realtors event A $454M business rent tax cut is a major part of Rick Scott’s proposed 2017 state budget, he told Realtors attending Florida Realtors Mid-Winter Business Meetings. Average 30-year mortgage rate rises to 4.19% A sharp jump from last...
– FAU study: Golf courses still boost home prices A drop in demand for the sport of golf hasn’t translated into lower values for homes located in golf course communities, providing the course isn’t shutting down. When should buyers lock in a mortgage rate? Buyers want the lowest mortgage...
– NAR: Existing-home sales slide in Dec. but 2016 hits 10-year high Fla.’s housing market: Median prices rise in Dec. 2016 The state’s Dec. single-family home sales were up 0.8% year-to-year, the single-family median price rose 9.2% and the condo median price was up 7.7%. NAR: Dec. U.S. home...
– NAR: Nixing FHA premium cut hurts up to 40,000 buyers The cancelled FHA mortgage insurance cut will hurt up to 850,000 homebuyers, NAR said on Friday, but the association would continue advocating for a cut. Will Trump end real estate laundering program? Miami cash buyers must be ID’d...
– HUD suspends FHA mortgage ins. premium reduction An announced cut in FHA mortgage insurance premiums, effective April 27, would have saved buyers money, but the reduction was canceled unexpectedly on Friday. Higher inflation one more reason to buy a home now Inflation hit a 2.5-year high in Dec.,...
– Millennials more willing to buy those fixer-uppers Sometimes it takes compromise. Faced with rising home prices and interest rates coupled with downpayment challenges and college debt, more younger adults seem willing to buy iffy property that could, over time, become their dream home. In 10 years, today’s ‘smart...
– Builders predict big expansion in construction NAHB: Look for a 10% increase in single-family production for 2017 and a 12% rise for 2018, thanks in part to a growing economy, solid employment gains, stronger wage growth and rising household formation. Follow-up info homeowners want Survey: Nearly half of...
– 4 reasons luxury real estate will flourish in 2017 Analysts are optimistic about the high-end sector over the coming year, citing the continued interest of foreign buyers and the fact that Fannie Mae and Freddie Mac will provide backing for larger mortgages for the first time in a...
– Homebuyer challenges: Mortgage rates and prices grow along with competition While mortgage rates remain low by historical standards, they’ve been increasing recently – a trend that will impact buyers and is expected to continue into 2017. Builders to press entry-level market in 2017 There is a growing buyer...
– Average U.S. 30-year mortgage rate falls to 4.12% It’s the second week of declines, following a surge in mortgage rates in the weeks after the Nov. elections. The average 15-year FRM dropped to 3.37%. U.S. foreclosure activity drops to 10-year low in 2016 Nationally, foreclosure filings dropped 14%...
