– 4.19% average mortgage rate unchanged this week A rate spike last week was short lived, though current rates are still higher than the average 3.65% for all of 2016. Real and imaginary barriers holding back buyers NAR aspiring buyer analysis: Affordability issues, student debt and downpayment confusion stopped...
– Fla. MLS offers ‘true lifestyle cost’ My Florida Regional MLS’s new property search website helps buyers visualize the true cost of ownership, by incorporating buyer financial info, historical utility costs, commute times, property taxes, insurance rates and mortgage payments. Russia now top country searching Miami real estate Year-to-year,...
– Water bills set to go even higher Mich. study: 11.9% of U.S. households can’t afford their water bill, but that could rise to 35.6% in five years – and many Fla. areas are considered “high risk.” Company shuts down 100-plus trademark infringers If you’re not HomeVestors, don’t “buy...
– NAR: Pending home sales bounce back in Dec. In spite of rising mortgage rates and higher home prices, NAR’s Pending Home Sales Index rose 1.6% last month – from 107.3 in Nov. to 109.0 in Dec. Move-up buyers: Sell or rent out your original house? A seller moving...
– 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...
