NEW YORK – Thanks to the pandemic-fueled housing boom, Americans are sitting atop a massive pile of home equity. As a result, many face a decision: Should they borrow against their homeownership stake to support spending for various goals? To gain insight into how homeowners view their equity wealth, Bankrate asked for their opinions. Among … Read more
The plans also include expanding low-cost financing and reducing federal regulations to help construction efforts. WASHINGTON – The Biden administration on Tuesday unveiled a series of new reforms and a list of other federal actions aimed at driving up housing construction in the United States to build on already-historic levels new housing driven by a … Read more
Jacksonville, Orlando and Tampa are among the top rental markets in the state offering concessions. The U.S. rental vacancy rate held steady at 6.6%. SEATTLE – More property managers offered concessions on their rentals in July as rent growth slowed, new data from Zillow reveals. The post-pandemic construction frenzy continues to help soften rent growth. … Read more
Buyers may hear they need a 20% down payment to buy a home, but that’s not set in stone. Many mortgages require as little as 3% or 3.5% and some have no minimums. SOUIX CITY, Iowa – You might have heard you’ll need a 20% down payment to buy a home. While there’s a reason … Read more
As mortgage rates retreat from 23-year highs, home loan applications rose 16% last week, the highest level in two years. Refinancings were up 60% vs. a year ago. LOS ANGELES (AP) – A recent pullback in mortgage rates is spurring more homeowners to refinance their home loan and lower their monthly payments. The Mortgage Bankers … Read more
Due to a multi-decade low for housing affordability conditions and other factors, the U.S. homeownership rate remains the lowest in the last two years. WASHINGTON, D.C. – The U.S. homeownership rate was 65.6% in the second quarter of 2024, unchanged from the first quarter, according to the U.S. Census Bureau’s Housing Vacancies and Homeownership Survey … Read more
New HUD policy changes will enable veterans with service-connected disability benefits to access more housing opportunities. WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) unveiled new policy changes aimed at expanding access to supportive housing for veterans by excluding service-connected disability benefits from income calculations. The change to the HUD-VA Supportive Housing … Read more
Join colleagues at Florida Realtors Convention & Trade Expo, Aug. 21-22, 2024. Preregistration closes Monday. ORLANDO, Fla. – Success strategies from top real estate leaders, how-to education sessions, the chance to network with other industry professionals and the latest in high-tech devices: That’s what the 2024 Florida Realtors® Convention & Trade Expo offers – opportunities to … Read more
U.S. home prices posted a 4.7% year-over-year gain in June. Miami outpaced San Diego, Calif., in June for the metro with the greatest price growth. IRVINE, Calif. – U.S. year-over-year home price gains inched down, reaching 4.7% in June, falling further from the previous month’s 4.9% in what will likely be a continual slide throughout … Read more
Potential homebuyers often are not aware of down payment requirements, a Fannie Mae study found. Others don’t understand essentials like credit scores. ©Florida Realtors® Source link
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