According to the Mortgage Bankers Association, the median monthly mortgage payment for a purchase loan rose to an all-time high of $2,165 in May. LOS ANGELES (AP) – Would-be homebuyers are willing to take on sharply higher mortgage payments, even as home prices have begun to pull back this year. The median monthly payment listed … Read more
HUD has $3.1 billion to spend on projects that help the U.S. homeless population, and it’s accepting funding requests until Sept. 28, 2023. WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) will provide more than $3.1 billion in competitive funding to homeless services organizations across the country – the largest amount of … Read more
UF’s June consumer sentiment saw an uptick to 69.3 from May’s 69.1, driven mainly by U.S. economic expectations. It’s the highest reading since Oct. 2021. GAINESVILLE, Fla. – Consumer sentiment in Florida clicked up for a second consecutive month in June to 69.3, an increase of two-tenths of a point from a revised figure of … Read more
A court case alleges the new law discriminates, and Fla. submitted a 59-page doc saying no – that it’s consistent with tradition and necessary to fight foreign influence. TALLAHASSEE, Fla. – The state this week pushed back against a challenge to a new law that restricts people from China and six other countries from owning … Read more
After a comment period, the agencies finalized a policy on how to handle commercial loan accommodations and workouts for financially troubled firms. WASHINGTON – Four federal financial regulatory agencies – Office of the Comptroller of the Currency, Federal Reserve System, Federal Deposit Insurance Corporation and the National Credit Union Administration – jointly issued a final … Read more
NEW YORK – The insurance industry is increasingly wary of the risks presented by climate and natural disasters, prompting major firms to scale back their presence in more vulnerable states. In June, Farmers Insurance announced in a company memo it will no longer write new property insurance policies in Florida, citing “catastrophe costs … at … Read more
On July 1, a Fla. sales tax exemption period began for Energy Star appliances, but there’s no rush to buy: It runs for a full year, through June 30, 2024. TALLAHASSEE, Fla. – Florida’s latest sales-tax holiday start on Saturday, July 1, and this one runs for a full year – through June 30, 2024. … Read more
A move-up buyer thinks renting out her older, smaller home might be a smarter option than selling. What should be considered for that kind of decision? ©Florida Realtors® Source link
If a homeowner with a mortgage no longer has property insurance, their lender will “force place” a policy on them. The new regulations make the process fairer. TALLAHASSEE, Fla. – A new Florida law recently signed by Gov. Ron DeSantis, House Bill 793, creates a legal framework for writing forced-placed insurance coverage. Mortgage lenders generally … Read more
A DA (domain authority) search ranking estimates the strength of a website to search engines, such as Google – the higher the score, the better. NEW YORK – Real estate websites should demonstrate 50-plus domain authority (DA) to help their business realize success. Moz developed the DA search engine ranking score to forecast how well … Read more
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