Posts Tagged "real estate"
– New sinkhole standards a problem for some owners Some Fla. homeowners once claimed sinkhole damage against their insurance for even a small crack. But tightened rules hurt owners with legitimate problems.
– Census Bureau releases annual housing survey Bureau found that about 1 in 20 U.S. homes has moderate to severe physical problems, and 1 in 10 had cockroaches and/or mice in the past 12 months. Despite price gains, affordability still in play Home prices have gone up but low...
– HUD: $2.7M to fight Fla. housing discrimination Eight local Fla. organizations and non-profit agencies will split federal money that will be used to enforce the Fair Housing Act. Feds consider money-saving Fannie, Freddie change A fed agency wants to make Fannie and Freddie docs signed at closing the...
– RealtyTrac: Fla. leads in 3Q foreclosures Fla.’s foreclosure rate dropped a bit – 4% quarter-to-quarter and 17% year-to-year – but it’s still No. 1. And of the top 10 U.S. foreclosure cities, 8 are in Fla. Still no short sale tax forgiveness this year No change so far:...
– What does an antitrust action look like? In general, an illegal antitrust action occurs when independent businesses work together to harm a company, such as boycotting a vendor that has raised its fees. Canadian snowbirds encouraged to buy a Fla. home BMO Bank of Montreal’s “Annual Snowbird” outlook...
– Industry trends to watch this fall Ten years ago, a buyer thought: “It’s best to buy home sooner rather than later, so I can start building equity.” But they now know prices sometimes go down. Mortgage rates will rise – but when? Potential buyers aren’t too worried about...
– Changes impact mini-correspondent lenders Small brokers can issue loans in their own names as “mini-correspondents,” but CFPB is changing that business model’s rules. NAR has officially weighed in. Wells Fargo paying $5M for discrimination allegation HUD reached the settlement with Wells Fargo after alleging that the bank discriminated...
– Survey: Builders say lending standards too tight NAHB: A majority of single-family builders say mortgage standards are tight or very tight; 83% say they’ve led to at least one lost sale over the past six months.
– The volatile condo market may make a big comeback Condo demand varies by area, but many experts think it’s poised for a big rebound as its biggest buyer segment – adults age 20-to-24 – enters the housing market. Americans’ attitudes on housing are positive again Fannie Mae’s Aug....
– Sometimes a manufactured home doesn’t save money While a manufactured home may seem like a cheaper alternative to site-built housing, the U.S. consumer bureau says that owners often pay higher interest rates. Buyers grow resistant to higher home prices Some potential buyers may be taking a wait-and-see attitude....
