Attitudes rise and fall, but Fannie Mae’s April index saw a rise in all six sub-components. Overall, however, attitudes still fall into pessimism territory. WASHINGTON – Fannie Mae’s Home Purchase Sentiment Index (HPSI) in April increased to its highest level since May 2022, jumping 5.5 points to 66.8. All six components that make up the … Read more
Buyers would be hurt financially if the U.S. defaults on its debt June 1 – and institutional investors are a “tremendous threat” to the American dream. WASHINGTON – The Realtors® Legislative Meetings kicked off Sunday morning in Washington, D.C., with a discussion on the debt limit, an issue currently enveloping Washington that could have a … Read more
It’s not a sign of huge problems so much as a normal part of the economic cycle. Some of the weaker banks simply don’t have enough funds to weather a slowdown. NEW YORK – Few investors and bankers could have imagined regulators would allow the largest U.S. lender to buy another bank and become even … Read more
After three monthly increases, UF’s sentiment index fell one point, due mainly to “somewhat unexpected” concerns about the nation’s long-term economic health. GAINESVILLE, Fla. – After three consecutive monthly increases, consumer sentiment among Floridians dropped one point in April to 68.7 from a revised figure of 69.7 in March. However, national consumer sentiment increased 1.5 … Read more
There were 31,216 fair-housing complaints in 2021, a 9% year-to-year increase. Most complaints cited disabled access, with race discrimination coming in at No.2. WASHINGTON – A new study finds that fair housing complaints increased even though there were fewer agencies reporting data. When President Lyndon Baines Johnson signed the Fair Housing Act on April 11, … Read more
SEATTLE – Roughly one of every seven (13.5%) U.S. homes sold by an investor in March sold for less than the investor bought it for, according to a new report from Redfin. That’s comparable with February’s 14.5% rate – the highest since 2016. It’s also nearly triple the share of a year earlier and compares … Read more
Many homeowners still think standard property insurance covers flooding – it doesn’t – but some companies do offer credits or money for flood mitigation efforts. STATEPOINT, Wash. – Many people look forward to spring when the weather warms up and flowers start to bloom, but it also marks the start of the peak time of … Read more
WASHINGTON – For more than four months, Amina Thompson-Wright and her husband, Dannelle Wright, tried to buy a home in Southwest Philadelphia, where they had rented for a decade. But sellers kept rejecting their offers. So they switched their strategy. They started considering homes that needed work. “When you see something new and shiny, that’s … Read more
Older adults who want to buy a home after retirement or remodel using a second mortgage should apply for a loan before they retire rather than after. NEW YORK – Retired engineers Kelly and Derek Barkey assumed they would be approved when they applied for a $50,000 home equity line of credit two years ago … Read more
FORT LAUDERDALE, Fla. – After torrential rains hit South Florida, particularly in Broward County, many residents are dealing with flooded cars, boats and homes. And while the storm wasn’t a hurricane, many will be filing insurance claims for their soaked property. Fort Lauderdale was drenched with a record 25.91 inches of rain Wednesday – an … Read more
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