Posts Tagged "real estate"
– Will weak inflation slow Fed's interest rate increases? All signs point to healthy economic growth but one: inflation. The Fed wants to see 2% before it boosts interest rates, but inflation remains stubbornly stagnant. Fla. franchises gain aesthetic freedom under new law A bill passed during the 2017...
– Average mortgage rates fall again to new 2017 low Mortgage-buyer Freddie Mac reports that the average rate on a 30-year, fixed-rate mortgage fell to 3.82% this week from last week’s 3.86%. Flood insurance policies plunged before Harvey The number of Houston homeowners with flood insurance dropped 9% over...
– Could Harvey push Fla. homeowner's insurance rates higher? Short answer: No. Fla. rates shouldn’t go up. Rates are set at the state level, so what happens in Texas stays in Texas, and what happens in Fla. stays in Fla. HUD raising up-front fees for reverse mortgages According to...
– Florida Realtors taps Disaster Relief Fund, sends supplies In response to the horrendous Texas flooding, Florida Realtors will send $25K to a Texas Realtors’ aid fund and pay for local efforts to create “Totes for Hope” – a grassroots effort to send personal supplies to Texas families struggling...
– 15K Fla. properties have repetitive flood losses A study recommends gov’t-funded buyouts of high-risk flood properties to mitigate against future problems – and it identified 15,000 of those in Fla. Seven things international investors should consider U.S. real estate can be lucrative for foreign investors who do a...
– Fla. housing market: Sales, median prices up in July Like the weather, the market was hot: Existing single-family home sales up 2% year-over-year, median price rose 7.1%; condo sales up 3.6%, median price rose 6.8%. FinCEN change covers all luxury cash sales in S. Fla. Paying cash for...
– July new home sales fall but higher year-to-year Sales of new U.S. homes plummeted 9.4% – the sharpest one-month drop in nearly a year – but it follows strong sales numbers in previous months. Regulators to dig deeper into luxury property deals Federal regulators (FinCEN) searching for money...
– Florida Realtors honors Matey Veissi as 2017 Realtor of the Year Matey Veissi, 2016 president, is 2017 Realtor of the Year; Connie Johnson is Associate Realtor of the Year – awards were given out yesterday at the convention. Average mortgage rates edge lower: 30-year at 3.89% The FRM...
– Home starts fall in July – but mainly multifamily Housing starts fell 4.8% as builders struggled to find workers, though the lion’s share of that drop occurred in the multifamily component that dropped 17.1%. NAR: U.S. home prices jump 6.2% in 2Q It’s the highest median quarterly price...
– Top Fed official: Bond portfolio could shrink soon The Fed will “likely announce next month” the sale of some bonds acquired during the recession – a move that would probably push mortgage rates a tad higher. Gov't shutdown could delay real estate closings Congress has work to do...
