The increase in new home sales shows they continue to be an appealing option. The average loan size for new homes rose to $402,658 in September. WASHINGTON – The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for September 2024 shows mortgage applications for new home purchases increased 10.8% compared from a year ago. … Read more
Lower rates have encouraged buyers from the sidelines. In Florida, builders are offering incentives that include lot premium waivers and price reductions. WASHINGTON —The latest report from Realtor.com found that the number of homes under contract last month rose 3.5% year over year, which is a large gain compared to the 0.3% increase in August. … Read more
About 53% of homeowners who hired a contractor went over budget, and 46% faced significant delays. ST. LOUIS — Nearly 2 in 3 homeowners (63%) have gone into debt to fund a renovation, according to new research from Clever Real Estate, a St. Louis-based real estate company. With 94% of homeowners having completed a major … Read more
Pending home sales posted their biggest increase since 2021 recently, but some house hunters are starting to pull back, Redfin said. SEATTLE – Pending U.S. home sales rose 3.2% year over year during the four weeks ending October 13, the biggest increase in three years, according to a new report from the real estate brokerage … Read more
ORLANDO, Fla. — Home and business owners who need in-person help navigating hurricane-recovery resources can visit Florida Small Business Development Center Network’s mobile assistance center and Federal Emergency Management Agency (FEMA) Disaster Recovery Centers this week. The Florida SBDC, in partnership with state and federal agencies, has been on the ground in impacted communities to … Read more
The SBA said disaster survivors should not wait to settle with insurance companies before applying for disaster loans. Also, Milton, Helene insurance claims increased. ORLANDO, Fla. — The U. S. Small Business Administration (SBA) is urging business owners, homeowners and renters impacted by the recent hurricanes to apply for its Disaster Loan Program funding even … Read more
Operation Blue Roof, which provides free tarps for damaged homes, opened for applications, and HUD announced a 90-day foreclosure moratorium on FHA-insured mortgages. TALLAHASSEE, Fla. – New aid initiatives launched to support Florida residents as they continue their recovery from Hurricanes Milton and Helene, with a focus on services that will help homeowners, renters and … Read more
The back-to-back hurricanes that swept across parts of Florida have caused billions in damages, according to the latest insurance estimates. TALLAHASSEE, Fla. — Hurricanes Helene and Milton caused billions of dollars in damages across the state with the Tampa Bay and Sarasota-Bradenton areas taking the biggest hits. Links to /tools-research/hurricane-resources/helene-recovery-assistance-realtors-resources We have gathered resources for … Read more
ORLANDO, Fla. – Homeowners and renters in 34 Florida counties impacted by Hurricane Milton can now apply for assistance through the Federal Emergency Management Agency. Links to /tools-research/hurricane-resources/helene-recovery-assistance-realtors-resources We have gathered resources for Realtors in Florida to help you recover and rebuild. President Joe Biden approved a major disaster declaration for Florida in the wake … Read more
Rates on 30-year mortgages ticked up to 6.32% on Thursday (Oct. 10) from 6.12% the previous week. Borrowing costs on 15-year mortgages rose to 5.41%. WASHINGTON – The average rate on a 30-year mortgage in the U.S. surged to 6.32% this week, adding pressure on home buyers facing sky-high prices and a limited supply of … Read more
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