Hurricane experts added two named storms and a major hurricane to the already-busy hurricane outlook, citing warm sea surface temperatures. TALLAHASSEE — A day after deadly Hurricane Beryl pounded Texas, experts at Colorado State University on Tuesday increased their storm forecast for what was already expected to be an above-average hurricane season. The university’s Department … Read more
Buyers shouldn’t wait for mortgage rates to drop dramatically this year, experts say. Rather, they can benefit from the wider selection of homes on the market. LOS ANGELES – The housing market shows few signs of busting out of its three-year funk after a disappointing spring season and amid a gloomy outlook for the summer … Read more
HUD added more language translations for 19 different single-family mortgage documents, expanding the 40 previously published translated mortgage documents. WASHINGTON – The U.S. Department of Housing and Urban Development said Wednesday it is making 19 single-family mortgage documents available in Chinese, Korean, Spanish, Tagalog and Vietnamese languages. The new translations will be added to … Read more
The new rule, which started July 1, extends overtime pay to some salaried workers. Small businesses may feel the brunt of the impact at first, experts say WASHINGTON – A new regulation established by the U.S. Department of Labor will restore and extend the right to overtime pay to many salaried workers, the department announced. … Read more
A new consumer protection law puts more restrictions on movers in Florida including increased penalties for those who refuse to return a customer’s property. TALLAHASSEE – As Florida’s population grows, a new state law requiring movers to register with the state, provide clear contracts and avoid misleading advertising went into effect on July 1. The … Read more
The average rate on a 30-year mortgage rose to 6.95% from 6.86% last week and the average rate on a 15-year mortgage rose to 6.25% from 6.16%. LOS ANGELES – The average rate on a 30-year mortgage rose this week, pushing up borrowing costs on a home loan for the first time since late May. … Read more
Florida is enjoying a positive net inflow of new residents, especially those who are wealthy and high earners, from across the country and world. ORLANDO – Florida’s reputation as an affordable place to retire has long attracted people of all classes to the Sunshine State when their working days are done. Florida was also an … Read more
About 1 in 6 Americans fall into the Sandwich Generation – taking care of children and parents at the same time. Many receive financial help to afford a home. SANTA CLARA, Calif. – According to new research from Realtor.com, 17% of Americans say they are taking care of their children (under 18) and parent(s)/grandparent(s) at … Read more
HousingWire’s 2024 Women of Influence award recognizes women nationwide who have made an impact on the housing and real estate industry. WASHINGTON – Margy Grant, CEO of Florida Realtors®, was recognized Monday as one of HousingWire’s 2024 Women of Influence, an award honoring 100 women nationwide for their significant contributions to the housing industry. HousingWire highlighted … Read more
Builders are slowing the pace of new home construction. Single-family housing starts declined in May for the third straight month to the slowest pace since October. LOS ANGELES – Homebuilders who bucked the worst of last year’s housing slump may be seeing their luck run out. After showing signs of strengthening early this year, sales … Read more
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