The 30-year mortgage rate moved closer to the 7% range, but most experts still predict wobbling rates in the upper-6% range. FORT LAUDERDALE, Fla. – With home prices in South Florida still on the rise, the ebb and flow of mortgage rates is making the market tricky for buyers and sellers. Mortgage rates reached 6.9% … Read more
What data does FEMA use to calculate flood insurance costs? La. wants to know if it considers flood-protection mitigation, such as a house raising or nearby levees. NEW ORLEANS (AP) – Louisiana and nine other states filed a lawsuit against the federal government Thursday to block sharp increases in national flood insurance rates that are … Read more
Mark T. Pease with Florida Housing is hosting four webinars to help Realtors understand recent changes to a program that helps community-support workers buy a home. TALLAHASSEE, Fla. – The “Live Local Act” passed during the 2023 session of the Florida Legislature made some changes to the state’s Hometown Hero Program, including an expansion of … Read more
Help Florida Realtors recognize the impact homeownership has on people’s lives and local communities. Spread the word and celebrate the month. ORLANDO, Fla. – Florida Realtors®, along with Realtors® in the Sunshine State and across the U.S., celebrate June as National Homeownership Month. The recognition acknowledges the importance of owning a home and the impact it … Read more
If a Broward County homeowner signs up for “Owner Alert,” they’ll receive a text message any time a deed is filed on their property claiming ownership. FORT LAUDERDALE, Fla. – With no time to spare, Broward homeowners who want instant alerts of any change in their property status to guard against fraud can now sign … Read more
FHA’s foreclosure-prevention options don’t work as well thanks to higher interest rates, so it’s taking comments about a proposed “Payment Supplement Partial Claim.” ©Florida Realtors® Source link
Growing fears of another Fed interest rate hike and debt-ceiling talks pushed the average 30-year, fixed-rate loan closer to 7%. Last week it was 6.57%. LOS ANGELES (AP) – The average long-term U.S. mortgage rate climbed this week to its highest level since November, driving up borrowing costs for would-be homebuyers at a time when … Read more
A leaky toilet damaged the condo below, in part because it took the upstairs neighbor a long time to fix. Now he refuses to reimburse about $1,000 in damages. What can the downstairs neighbor do? FORT LAUDERDALE, Fla. – Question: The upstairs neighbor in my high-rise condominium had a leaking toilet, and the water damaged … Read more
Transportation drives growth but transit growth also drives housing. Home values near a S. Fla. transit rail station are appreciating faster than those farther out. MIAMI – Home values for properties near South Florida’s expanding rapid transit rail system are appreciating faster than other homes in the region. The privately-owned rail service Brightline opened stations … Read more
FORT LAUDERDALE, Fla. – The 2022 hurricane season was a harsh teacher. Not because of the number of storms – it was a fairly average year – but because of the tricky nature of the two storms, Hurricanes Ian and Nicole, that hit Florida. The big lesson to learn from 2022? Experts say it’s to … Read more
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