– No-money-down green upgrades paid via property taxes The Fla. PACE-funding program allows homeowners to add energy efficient upgrades and pay them via property taxes. Unpaid balances can transfer to buyers. RealtyTrac: June cash sales down, FHA loans up Overall, the U.S. is a real estate market in transition...
– Fla.’s housing market: More closed sales, rising prices in June 2015 Florida Realtors: Single-family sales up 19.6% year-to-year as prices rose 10%. NAR says U.S. median sales prices are at an all-time high with sales up 9.8%. Treasury Dept. issues final rule on flood insurance A group of...
– NAR issues Call for Action: Stop patent trolls Patent trolls bully Realtors into paying for simple tech tools they already use. A bill in Congress could stop them, and NAR asks members to help get it passed. UF study: Workplace rudeness is contagious A rude agent does more...
– June home starts surge – highest pace in 28 years A 9.8% jump in home starts beat analysts’ expectations. However, builders appear to be betting on renters. Multifamily starts rose 28.6%; single-family fell 0.9%. FHA loans to boost affordable housing development Smaller investors could find it easier to...
– Fla. foreclosure starts lower than they were in 2006 RealtyTrac: Crisis over? Banks continued to repossess Fla. homes in the first half of 2015, but the number of first-time foreclosure notices hit a 10-year low. Builder confidence at highest level since Nov. 2005 “The fact that builder confidence...
– Obama commends HUD’s new fair housing rules HUD’s latest rules push communities to study historic patterns of segregation and plot a path to change – an initiative the president praised in a recent speech. ‘Lack of inventory’ a top real estate challenge Overall, NAR’s monthly attitude survey finds...
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– Survey: First-timers and Hispanics ready to buy A TD Bank study found an uptick in demand, and a significant percentage said they hoped to start the buying process within the next two years. CoreLogic: 3 Fla. cities still in foreclosure crisis In the Miami, Orlando and Tampa metro...
– Land trusts help buyers squeezed by housing costs Community land trusts allow homeowners to buy a home cheaply because the trust retains ownership of the land. When it’s time to sell, they share any profits.
– NAR survey: Like-kind exchanges promote growth Like-kind (1031) exchanges, which allow multiple properties to be bought and sold with low tax consequences, are good for the economy and good for investors. Institutional investors hold out for larger gains Large corporations bought thousands of homes in the downturn, but...
