– 30-year mortgage rate rises to yearly high: 4.21% The Fed is expected to raise interest rates next week, nudging the 30-year FRM higher. Most experts (70%) polled this week predict rate increases will continue. Buyers racing to snag a low mortgage rate A higher rate means a smaller...
– Realtors: How will health insurance bill affect you? The U.S. House introduced a healthcare bill this week that changes the current system. NAR is studying the issue to see where it might help or hurt Realtors. Study: More owner-occupied homes becoming rentals Which homes tend to become rentals?...
– How will housing change over the next decade? Be ready for some major demographic housing shifts: Demand will be higher overall, but buyers in their 20s will drop as the number in their 30s and 40s grows. NAR: Gen X recovering, millennials still live with mom The 2017...
– Can a community assoc. board sue a unit owner for defamation? Some people complain more than others, but is there a point where criticism turns into harassment? With boards and unit owners, the answer is complicated. The top gripe of condo owners? Poor workmanship A community association survey...
– Average 30-year mortgage rate falls to 4.1% FRM rates fell again this week, but with the Fed threatening an interest rate hike soon, 70% of experts predict they’ll go higher and none anticipate a decline. New-home buyers: Act now before prices go up U.S construction has a labor...
– Fla.’s lack of industry compared to some other states and nearby oceans Naples has the cleanest air in U.S.; Ocala ranks No. 3. Realtor.com study credits Fla.’s ocean breeze and limited industry for an overall lack of air pollution. Federal wetland rules might be rescinded or changed What...
– Dec. home prices rise at fastest pace in a year SandP/Case-Shiller: Year-to-year, U.S. home prices rose 5.6%, the fastest pace in 11 months, as homebuyers bid against each other for a limited supply of listings. Fla. consumer confidence down from Jan.’s record high Floridians remain optimistic about current...
– NAR: Pending home sales weaken in Jan. A tight listing inventory translated into 2.8% fewer homes under contract, due largely to drops in the West and Mid-West. In the South, pending sales rose 0.4%. Top impact on 2017 housing market? Rising mortgage rates A Pulsenomics survey of mortgage...
– Mortgage rates edge up – but not much Rates rose negligibly from last week’s 4.15% to 4.16% this week, and half the experts polled this week predict relative stability over the short term. Real estate investing: Who they are, where they buy How many investor-owned homes in your...
– Fla.’s housing market: More sales, rising prices in Jan. Positive trends: Single-family home sales rose 5.2% year-to-year, median price up 10.1% to $220,000. Condo sales rose 6.2% and median price up 6.6% to $161,000. NAR: Existing-home sales jump in January National existing home sales increased in Jan. to...
