Florida Real Estate

The U.S. homeownership gap between Blacks and whites widened 1.5 percentage points from 2010 to 2021, according to a study by “Today’s Homeowner.” CHICAGO – The national racial homeownership gap widened from 2010 to 2021, new data shows – but in some areas of the country, the gap has actually closed. Housing equality worsened in … Read more

Committed to public service? Want to grow your charity work? Five Realtors will receive a $1,000 grant and a year of mentoring to help expand their efforts. CHICAGO – The National Association of Realtors® (NAR) is now accepting applications for its Volunteering Works grant and mentoring program. The program, funded by Wells Fargo Home Lending, … Read more

NAR’s Realtors Relief Foundation helps people after a disaster threatens their homes, including Floridians after Hurricane Ian hit Fla. last year. WASHINGTON – The Realtors® Relief Foundation (RRF) announced its 2023 fundraising campaign. The annual initiative aims to raise $5 million this year to provide housing relief to victims of hurricanes, floods, wildfires and other … Read more

WASHINGTON (AP) – The second consecutive quarter of economic growth that the government reported in late January underscored that the nation isn’t in a recession despite high inflation and the Federal Reserve’s fastest pace of interest rate hikes in four decades. Yet the U.S. economy is hardly in the clear. The solid growth in the … Read more

Of those helped, 63K followed Hurricane Ian and 4K Nicole. It comes to $5.2B in grants, disaster loans and flood insurance after Ian and $19.8M after Nicole. WASHINGTON – The Federal Emergency Management Agency (FEMA) reports that it’s awarded grants to 63,000 households affected by Hurricane Ian – money used for rental assistance or basic … Read more

U.S. home prices rose 4% compared to the last quarter of 2022, hitting $378K. But only 18% of metro markets saw double-digit growth in 4Q. In 3Q, it was 46%. WASHINGTON – About nine out of 10 U.S. metro markets registered home price gains in the fourth quarter of 2022 despite mortgage rates eclipsing 7%, … Read more

Foreclosures still don’t have a notable impact on the market, yet Attom’s latest report found Fla. saw a lot of initial filings – but few actually repossessed. TAMPA, Fla. – Real estate data analysis by Attom showed that despite the beginning of a housing market cooldown, foreclosures across the U.S. had increased month-by-month for nearly … Read more

Homeowners still want to spend their home equity. However, high mortgage rates make a refinancing less attractive, so they’re turning to home equity lines of credit. LOS ANGELES (AP) – Homeowners are increasingly tapping their equity, taking advantage of big gains following years of soaring housing prices. Some 333,537 home equity loans were taken out … Read more