Selling Properties? How to Do It Today
Buyers have doubts now thanks to inflation, rising home prices and higher mortgage rates. While some best-practice seller tactics haven’t changed, some have. ©Florida Realtors® Source link
U.S. Households Need $115K/year for Median-Priced Home
In Fla., median income is less in six metros and higher in three, ranging from an $88.7K yearly income in Lakeland (up 13.4% year-to-year) to $143K in Miami (up 33.4%). SEATTLE – The average U.S. household must earn $114,627 to afford a median-priced U.S. home, up 15% ($15,285) year-to-year and more than 50% since the … Read more
White House Announces Homeownership Actions
FHA will allow expected rental income from an accessory side unit to be considered for an FHA loan, the 203(k) fixer-upper program will be improved, and more. WASHINGTON – A White House press release announced new initiatives to support homeownership, though with a nod to the market’s current difficulties and a request for Congress to … Read more
MBA Announces Diversity, Equity, Inclusion Awards
At the Mortgage Bankers Association’s (MBA) convention this week, MBA honored Fifth Third Bank, U.S. Bank Home Mortgage and Atlantic Bay Mortgage Group. PHILADELPHIA – The Mortgage Bankers Association (MBA) recognized five companies as 2023 Diversity, Equity and Inclusion (DEI) Residential Leadership Award recipients during its 2023 Annual Convention & Expo held in Philadelphia this … Read more
Realtor’s ‘Re-Tune’ Charity Gives Needy Kids Music
Orlando Realtor Marc George calls music “my safe place.” His new charity collects unwanted musical instruments for children who can’t afford to buy one. ORLANDO, Fla. – A new charitable effort in Central Florida aims to place musical instruments in new loving homes with school children who need them. Re-Tune is what Orlando Realtor® Marc … Read more
Fla. Clothing-Optional Beach ‘Best in World’
The state has several nude beaches – a draw for some buyers and turn-off for others – with a U.K. company naming S. Fla.’s Haulover Beach the best in the world. MIAMI – Can you let it all hang out on a Florida beach? The Sunshine State has several official nude beaches, and a few … Read more
RE Q&A: Fixer-Upper? Home Renovation Tips
Most buyers or current owners considering a remodel don’t know how to do the work or who to trust with the task. To start, check licenses, credentials and public records. FORT LAUDERDALE, Fla. – Question: We need a larger house for our growing family. Considering the price of houses lately, we decided to remodel and … Read more
FEMA: $1.8B in Grants to Boost ‘Climate Resilience’
The BRIC grant program, which helps bolster U.S. defenses against climate change, published its “Fiscal Year 2023 Notices of Funding Opportunities.” ©Florida Realtors® Source link
Long-Term Mortgage Rate Hits 7.57% this Week
It’s the highest average rate for a 30-year, fixed-rate loan in two decades – up from last week’s 7.49% as more buyers now turn to adjustable-rate loans. LOS ANGELES (AP) – Home loan borrowing costs rose for the fifth straight week, keeping the average long-term U.S. mortgage rate at its highest level in more than … Read more
NAR Preview: Burnett Trial Starts Monday
A verdict in the Kansas City trial is expected Nov. 10. “NAR fundamentally disagrees with how (they’re) characterizing our rules,” says NAR’s top legal officer. KANSAS CITY, Missouri – The National Association of Realtors® (NAR), along with HomeServices of America and Keller Williams Realty, begin trial Monday in Kansas City, Mo., in the case Burnett … Read more
