CHARLOTTE, S.C. – New research out of one the nation’s hottest housing markets shows that Wall Street-backed landlords reduced homeownership as they converted homes to rentals, removing billions in wealth from one metro area in the process. As large firms bought up thousands of homes in the Atlanta area after the Great Recession, they were … Read more
Canadian tourists are returning to Fla. as COVID and visa problems fade away. The number of visiting Canadians has hit pre-pandemic levels in the past few months. TALLAHASSEE, Fla. – Canadian travel to Florida has nearly returned to pre-pandemic levels, but visa issues continue to complicate the state’s efforts to draw overseas visitors, according to … Read more
Has Erica given you banking advice, as in Bank of AmERICA? The U.S. consumer bureau is worried about AI chatbots doing increasingly sophisticated tasks. NEW YORK (AP) – Can you trust Erica, or Sandi or Amy to increasingly control parts of your financial life without giving you inaccurate information or sending money to the wrong … Read more
The U.S. Census Bureau created an interactive map that shows – by nation, state and county – private-housing building permit data for 2018-2022. WASHINGTON – The U.S. Census Bureau has created its first-ever interactive map of national, state and county building permit data. The map covering 2018 to 2002 has been posted online. To find … Read more
MIAMI – Nearly everything in Robert Burr’s house is solar-powered. Solar-powered pumps burble water through fountains and bird feeders in his yard, which at night is lit by the glow of 125 solar-powered lights. On his roof, an array of 39 solar panels power his house and charge the electric car parked in his garage. … Read more
Home inspectors’ automated valuation models (AVMs) need quality-control to keep historic discrimination out, the agencies say. They’re currently accepting comments. WASHINGTON, D.C. – Six federal regulatory agencies issued a request for public comment on a proposed rule they say will “ensure the credibility and integrity of models used in real estate valuations.” The proposed rule … Read more
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
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