– Realtors help Oklahoma tornado victims Okla. Realtors’ oversee the Oklahoma Housing Foundation, a 501(c)3 charity that is now accepting donations to help Realtors and others hurt by recent storms. Fannie Mae: Recent slowdown nothing to fear Federal budget cuts and other fiscal pitfalls slowed growth in recent months,...
– Realtor from Fla. elected NAR first vice president Tom Salomone, a Realtor from Coral Springs and 2003 Florida Realtors’ president, was elected to the 2014 office at NAR’s midyear meetings that ended Sat. Some flood insurance policies to see rate hikes About 20% of “subsidized” flood policies will...
– CoreLogic: 2012 big year for home price increases Prices rose in six Florida cities tracked by the index, varying from a low of 3.5% in Jacksonville to a high of 13.5% in Miami. But expect less in 2013. International migration to drive population growth For the first time...
– No. of housing starts counters drop in foreclosures RealtyTrac: National drop in foreclosures coming on the market is balanced out by a higher number of new home starts. Delray Beach tops for expected inventory. Is the mortgage interest tax deduction here to stay? Maybe. Maybe not. Lawmakers kept...
– NAR: Short sale approval, valuation issues continue to impact housing market Short sales make up 9% of the market but can be frustrating. New Fannie Mae and Freddie Mac policies should improve the process and help valuations. April’s new listings rose 3.12%, but more buyers began a search...
– Realtors pounding pavement in Washington this week NAR’s Midyear Meetings take place in the U.S. capital through Saturday. More than 9,000 Realtors will meet lawmakers and promote a pro-homeownership agenda.
– Hurricane season kicks in before flood insurance With a few exceptions, a new applicant for flood insurance won’t receive coverage for 30 days, and Florida’s hurricane season starts in 19 days – June 1. Land trusts band together for liability insurance Land trusts in 46 states, including Florida,...
– Many buyers confused about mortgage process Survey: One in four thinks a preapproval commits them to that lender, and 34% think lenders must, by law, charge the same fee for credit reports and appraisals.
– HUD settles Fla. maternity discrimination claim SunTrust Mortgage and HUD settled a complaint that the lender allegedly denied a mortgage to a Port St. Lucie couple because the wife was on maternity leave. Bubble or no bubble? Fed policy may be key Pulsenomics survey: Economists are a bit...
– Turning point: Over 50% expect home price increases It’s the first time in the three-year history of Fannie Mae’s monthly survey that over half expected price gains. One year ago, only 32% held that rosy view.
