September 25, 2023
Mold in a Home? Tips for Detecting and Removing
Any home can have mold, but it’s a notable problem after storms like Hurricane Idalia. The EPA says mold can sometimes...
September 23, 2023
Credit Score Change Could Help Millions of Buyers
The nation’s consumer bureau took a first step to erase medical debt from credit reports and lending decisions because...
September 22, 2023
FORBEARANCE LEVELS CONTINUE TO DECLINE
The total number of mortgage loans now in forbearance fell by 6 basis points month-over-month to 0.33% as of Aug. 31,...
September 21, 2023
Fed Holds Rates Steady but Suggests One in Future
It’s the second no-interest-rate-change decision over the past three meetings. Inflation is still above 2%, however, and...
September 20, 2023
Apply Soon for Fla.’s $10K Mitigation Grants
The My Safe Florida Home program could run out of funds, and homeowners are encouraged to apply soon for up to $10K...
September 19, 2023
Confused Buyers? No Wonder with Today’s Headlines
Real estate prices are going back up, one news headline says. No, they’re dropping, says another. Confused buyers don’t...
September 18, 2023
Buyers Still Waive Appraisal Gap in Some Markets
To secure a home, some U.S. buyers still agree to make up the difference when a mortgage appraisal comes in at less than...
September 15, 2023
For Buyers and Sellers, AI Will Bring Less Stress
Buyers wary of a fixer-upper? AI not only redecorates, it will soon quote remodeling cost estimates, hire contractors...
September 14, 2023
10% of Listings Are Sellers Called Back to Office
If more workers are called back to the office, would the housing inventory improve? Still, top reasons remain family,...
September 13, 2023
Rents Still High but Landlords Offering Concessions
Aug. report: Rather than lower monthly rents that remain within $2 of their all-time high, more landlords are offering...
September 12, 2023
The Fall in Home Prices May Already Be Over
Sellers stopped selling and some buyers stopped buying, but demand still outweighs supply. The result: Declining sales...
September 11, 2023
Young, Rich Professionals Have Ditched N.Y., Calif.
An analysis of 2021 tax data shows even high-earning millennials are increasingly attracted to low-cost locales. Where...
September 9, 2023
Average Long-Term U.S. Mortgage Rate Fell to 7.12%
LOS ANGELES (AP) – The average long-term U.S. mortgage rate fell again this week but remains near the 22-year high it...
September 8, 2023
Solar Boom Spreads to Land and Rooftops
U.S. companies plan for over $100B in solar projects and are considering large tracts of timber land as well as the...
September 7, 2023
Equity Improves for U.S. Homeowners
ATTOM: In second quarter 2023, 49% of U.S. mortgaged residential properties were considered equity-rich – the highest...
September 6, 2023
Redfin: Asking Rents Inch Closer to Record High
The median U.S. asking rent in July was $2,038, just $16 below the record high set in August 2022. But that asking rent...
September 5, 2023
HUD Awards $24M+ to Fight Housing Discrimination
Two Fla. agencies will receive $425K each – one in C. Fla., one in the Palm Beaches – for fair housing testing and...
September 2, 2023
Study: Affordable Homes Don’t Hurt Home Values
Georgia Institute of Technology: A before/after study of new affordable housing found that it didn’t harm nearby home...
September 1, 2023
Mortgage Rates Retreat, Drop to 7.18%
After hitting a 20-year high last week of 7.23%, the average rate on a 30-year, fixed-rate mortgage moved lower again. A...
August 31, 2023
Economy Grew 2.1% in 2Q, Inflation at 3.2%
An initial growth estimate of 2.4% was downgraded, though it’s still an acceleration from the 2% growth rate logged in...
August 30, 2023
Case-Shiller: No June Change in Yearly Home Prices
In June 2023, home prices were the same year-to-year – no increase or decrease – but they rose almost 1% in a...
August 29, 2023
Hurricane Idalia Targeting Fla.
How strong will Idalia be? Where will it come ashore? What happens to ongoing transactions? Individuals, businesses and...
August 28, 2023
For Buyers It’s Not the Rate, It’s the Increases
Buyers get used to mortgage rates and incorporate them into decisions, but increases/decreases make them wonder if they...
August 26, 2023
Forbearance? Down in July and Drop Continues
The Mortgage Bankers Association says the number of homeowners getting forbearance mortgage help dropped 5 basis points...
August 25, 2023
Mortgage Rates Rise to 7.23% – Highest Since June 2001
LOS ANGELES – The average long-term U.S. mortgage rate climbed further above 7% this week to its highest level since...
August 24, 2023
July New-Home Sales Reach 17-Month High
In a seasonally adjusted month-to-month comparison, July sales were 4.4% higher than June sales. Year-to-year sales were...
August 23, 2023
NAR: July Home Sales Dip 2.2%
In a year-to-year comparison, sales dropped 16.6% even as prices rose 1.9% to $407K – only the fourth month ever over...
August 22, 2023
Warren Buffet Believes in New-Home Market’s Future
Buffet’s company spent $700M to buy DR Horton stock and lesser amounts for two other builders, suggesting the investment...
August 21, 2023
1 in 3 For-Sale Homes Are Newly Built
Of all homes buyers could consider in the second quarter, 31.4% were new construction – the highest 2Q percentage on...
August 19, 2023
What Do 7% Mortgage Rates Mean for Homebuyers?
Some discouraged buyers should stop looking for their “forever home” and start looking for their “get my foot in the...
August 18, 2023
HUD Spending $73M to Help Homeless Veterans
The money will go to public housing agencies that assist homeless vets. HUD estimates that the money will help move...
August 16, 2023
Your Comprehensive Guide to Buying a Home: Step-by-Step Process
Purchasing a home is a significant milestone in many people's lives. It marks a transition from renting to owning,...
August 15, 2023
Homes in ‘Upward Mobility’ Areas Cost 38% More
It’s not just the house: Some neighborhoods offer more opportunities. In Fla., the home price difference between high-...
August 14, 2023
Coalition to FHFA: Rent Control Won’t Work
An 18-association group that includes NAR sent a letter to federal housing regulators, saying that rent control makes...
August 12, 2023
2 of Every 25 U.S. Homes Worth at Least $1M
While $1M signified luxury property a short while ago, it’s now 8% of the nation’s housing stock – but a large...
August 11, 2023
NAR 2Q Report: Price Gains in 60% of Metro Areas
Overall, though, U.S. home prices dropped 2.4% year-to-year because total declines outweighed increases. Still, 5% of...
August 10, 2023
Less than 1 of 5 Americans Say ‘Good Time to Buy’
82% of consumers said it’s a “bad time to buy” a home in Fannie Mae’s July survey – an all-time low. And those saying...
August 9, 2023
Can You Time the Housing Market?
A Fannie Mae survey found that a record number of buyers think it’s a bad time to buy a home. But is it? Even experts...
August 8, 2023
20 Ways to Save Money on Homeowners’ Insurance
MIAMI – Living in a Barbie’s World is getting more challenging as homeowners’ insurance rates soar. But, there are ways...
August 7, 2023
Understanding Reverse Mortgages: Unlocking the Potential of Home Equity in Retirement
As the baby boomer generation enters retirement, many are faced with the challenge of maintaining a comfortable standard...
August 5, 2023
FHA 203(k) Loans: What They Are, How They Work
Most buyers want move-in ready, but they’ll have a wider selection with fixer-uppers, and an FHA 203(k) loan can roll...
August 4, 2023
Mortgage Rates Tick Higher: 30-year at 6.90%
Mortgage Rates Tick Higher: 30-year at 6.90%Average rates for a 30-year, fixed-rate loan pushed closer to 7% again this...
August 3, 2023
Title Insurance: Protecting Your Real Estate Investment
Purchasing a home is one of the most significant investments people make in their lifetimes. It's a dream come true for...
August 2, 2023
Understanding Private Mortgage Insurance (PMI)
For many aspiring homeowners, purchasing a house remains a significant milestone in life. However, navigating the...
August 1, 2023
Seller Financing Returns as Mortgage Rates Rise
An old tool is back as mortgage rates rise: Seller financing often occurs when buyers hope to save on closing costs and...
July 31, 2023
Buy 2nd Home with Family, Friends? Get a Lawyer
“We all get along great” isn’t much help if there’s a disagreement about guests, repairs or maintenance. A lawyer can...
July 29, 2023
White House Steps Up Renter Protections
While properties under HUD may be directly affected, five federal agencies “strongly encourage” some changes, such as a...
July 28, 2023
NAR: June Pending Sales Rose 0.3%
“The recovery has not taken place, but the housing recession is over,” says NAR’s chief economist, after the first...
July 27, 2023
Fed Raises Interest Rates a Quarter Point as Expected
Observers looked for clues on whether the Fed will raise interest rates again later this year, and the Fed seemed to...
July 26, 2023
184 Ways Realtors Are Worth Every Penny of Their Commission
Here's a look at all the things — big and small — that a Realtor does to help clients when buying and selling a home.You...
July 25, 2023
A Housing Recession? It May Be Over.
Housing recoveries often trail recessions, and positive signs – builder optimism, rebounding prices, more investment –...
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