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
Freddie Mac economist: “The U.S. economy is showing continued resilience which, combined with debt ceiling concerns, led to higher mortgage rates this week.” LOS ANGELES (AP) – The average long-term U.S. mortgage rate rose this week to its highest level since mid-March, driving up borrowing costs for prospective homebuyers facing a housing market that’s constrained … Read more
In 1Q 2023, 42.9% of sellers made a buyer concession; in 1Q 2022, it was 25.5%. Some do it to keep a transaction moving forward, others to match homebuilders’ freebies. SEATTLE – Home sellers gave concessions to buyers in 42.9% of U.S. home sales during the three months ending April 30, up from 25.5% a … Read more
It includes a disaster-preparedness holiday through June 9 eliminating sales taxes on some storm supplies and other goods; and a reduction in the commercial-lease tax. TALLAHASSEE, Fla. – With two sales-tax “holiday” periods poised to start, Gov. Ron DeSantis on Thursday signed a nearly $1.3 billion package of tax breaks. Lawmakers unanimously passed the package … Read more
Nearly eight in 10 (78%) are reviewing their finances, with at least 44% interested in learning more about investing in real estate and other opportunities. MARIETTA, Ga. – Nearly eight in 10 (78%) American investors are rethinking their financial future – especially high earners. That’s according to a recent poll of 1,000 US investors, which … Read more
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