South Florida Real Estate

With the tight inventory of existing homes, the market remains solid for builders, and the index measuring attitudes moved one point higher to 56 from June’s 55. WASHINGTON – Buyers who can’t find an existing home turn to new construction, which helped builders’ confidence in single-family homes move higher in July. In a 1-100 index … Read more

The 5 bed/2 bath, 13,195 square-foot New Orleans mansion – actually Calif. –  “dates back to the late 19th century” and has a steep asking price: Your soul. NEW ORLEANS – A famous mansion has landed on the fake real estate market in New Orleans, Louisiana, for an extremely high price: One – or more – … Read more

HUD put out an online suggestion box: Could forms be simplified? Should AI play a future role? Are protected groups served fairly? How much data should be shared? ©Florida Realtors® Source link

Some affordable-housing developers have 30-year federal tax credits hit that mark in the next five years. After that, landlords can charge whatever rent they want. NEW YORK – The United States is at risk of losing about 200,000 affordable housing units over the next five years, as government protections end at hundreds of rental properties … Read more

Builders told Congress that regulations make it difficult to construct more affordable housing – and they created a list of six specific regulatory roadblocks. WASHINGTON – The National Association of Home Builders (NAHB) told Congress this week that government regulations and mandates supporting environmental, social and governance (ESG) policies impede the industry’s ability to increase … Read more

The average rate on a 30-year, fixed-rate mortgage rose for the third week in a row, hitting 6.96% – up from last week’s 6.81% and 6.71% the week before. LOS ANGELES (AP) – The average long-term U.S. mortgage rate climbed this week to just under 7%, the highest level since November and the latest setback … Read more