– Free credit scores becoming the norm Many credit cards now give customers access to their FICO score, and Discover says it will start to provide the score to everyone – whether a customer or not. Homeownership elusive for young adults without college degrees Apartment List survey: For young...
– FHA may be reopening doors to condo financing At one time, FHA offered “spot” condo loans even if a complex wasn’t certified, and while those may or may not be coming back, some changes are in the works. Real estate impact from transgender bathroom issue? Fla. law provides...
– Fed may be wedded to a June rate hike Few experts thought the Fed would raise interest rates in June but that changed yesterday. An interest rate increase would directly impact ARMs and indirectly FRMs. NAR survey: More younger Realtors enter industry The median age of U.S. Realtors...
– Fla. will appeal State Farm policy ruling A circuit court ruled that State Farm doesn’t have to submit its policy-count totals to the state, but Fla.’s new insurance commissioner says he’ll file an appeal. New overtime rule to impact some industries New overtime rules may affect brokers with...
– Supreme Court focuses on incorrect online data The U.S.’s top court ruled that consumers may challenge incorrect data provided by websites in court – but they must prove actual harm to succeed. Should short-term rentals be taxed like hotels? Hotel owners want short-term rentals taxed to level the...
– Rising prices could increase mortgage rates Cheap gas currently keeps U.S. inflation in check, but that won’t last forever as rents rise. And when inflation returns, mortgage rates usually move higher. Financing still top commercial concern The commercial real estate sector is doing pretty well, especially compared to...
– 30-year fixed mortgage rates hit three-year low The average 30-year fixed mortgage rate dropped to 3.57% – far below its 3.85% one year ago and the third week in a row for a decline. Frustrations fly over FHA loan hangups A lot of people aren’t thrilled with FHA...
– Magazine says Fla. is second-best state for business Chief Executive magazine’s annual list put Texas in the top “best for business” category, but No. 2 Fla. “continued to steadily edge up in qualitative measures.” 7 Fla. Realtors inducted into RPAC Hall of Fame The Realtors Political Action Committee...
– Late HOA payments may soon affect credit scores Starting in Oct., a buyer’s credit score may drop after a late homeowners’ association payment the same way it drops if mortgage payments arrive late. Realtors gather in Washington this week A number of important real estate issues are decided...
– Metro home prices maintain steadfast growth in 1Q Fla.’s housing market: Median prices, new listings up in 1Q 2016 Single-family home median price of $203,500, up 11.8% year-to-year; condo median price up 5.5%. NAR: Most U.S. metros show higher median prices from year ago. Massive ad scam targeted...
