IRVINE, Calif. – Attom has released its fourth-quarter 2023 U.S. Home Equity & Underwater Report, which shows that 46.1% of mortgaged residential properties in the United States were considered equity-rich in the fourth quarter, meaning that the combined estimated amount of loan balances secured by those properties was no more than half of their estimated market values. … Read more
IRVINE, Calif. – Home sellers made a $121,000 profit on the typical sale in 2023, generating a 56.5% return on investment, according to Attom’s Year-End 2023 U.S. Home Sales Report. But even as both gross profits and profit margins remained near record levels, they decreased from 2022, marking the first declines in either category since … Read more
MIAMI – With the cost of homes out of reach for many families, developers in South Florida are now adding annexes to new construction, allowing relatives to live under the same roof. The extra space comes with a room or two and its own kitchen, much like those in-law quarters added to older homes. The built-in apartments … Read more
The Monroe County School District is launching an affordable housing project for teachers, a growing trend in Florida and across the nation to attract educators. KEY WEST, Fla. – The Monroe County School District is forging ahead with its plan to place roughly 150 units of affordable housing on Trumbo Road in Key West and … Read more
MIAMI – What if state-owned Citizens Property Insurance Corp. became the go-to provider of windstorm coverage for all personal and commercial property owners in Florida who want it? State Rep. Sheldon Roach, who lost his home in Hurricane Ian in September 2022, says it’s an idea worth exploring. “My belief is that Florida eventually and … Read more
MIAMI – Homebuyers and renters are in luck. Real estate experts predict you can expect better deals in South Florida in 2024. Thanks to a slowdown in home sales and a growing supply of residences – especially high-rises – it’ll be a good time to rent or buy, the forecasters say. Prices will lower slightly, … Read more
Home buyers, encouraged by declining mortgage rates and increased listings, are moving from the sidelines, the Redfin Homebuyer Demand Index found. WASHINGTON – Redfin real estate found U.S. pending home sales had the smallest decline since March 2022, dropping by 4% year over year in the four weeks ending Dec. 24. The Redfin Homebuyer Demand … Read more
Reverse mortgages – also known as Home Equity Conversion Mortgages (HECMs) – can help homeowners aged 62 and older. MIAMI, Fla. – A Home Equity Conversion Mortgage (HECM), also known as a reverse mortgage, is a HUD-insured financial product that allows homeowners aged 62 or older to convert a portion of their home equity into … Read more
A Harvard study said creative housing ideas are needed as the aging population booms. PHOENIX (AP) — Michael Genaldi’s road to homelessness began early this year when a car slammed into the rear of his motorcycle, crushed three of his ribs and left him in a coma for over a month. The 58-year-old lost his … Read more
Maria Wells, 2017 President of Florida Realtors, is among the appointees to the Commission on the Status of Women. TALLAHASSEE, Fla. — Governor Ron DeSantis announced the appointment of Leda Kelly and the reappointment of Candace Falsetto and Maria Wells to the Florida Commission on the Status of Women. The commission communicates, promotes and collaborates … Read more
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