South Florida Real Estate

How should lenders handle appraisal complaints? Five federal agencies issued a request for comments about a residential real estate reconsideration of value (ROV). WASHINGTON – Five federal regulatory agencies requested public comment on proposed guidance addressing reconsiderations of value (ROV) for residential real estate transactions, including: Consumer Financial Protection Bureau (CFPB) Federal Deposit Insurance Corporation … Read more

The 30-year, fixed-rate mortgage hit a seven-month high last week after three straight increases, but fear of more increases eased after this week’s mortgage survey. LOS ANGELES (AP) — The average long-term U.S. mortgage rate eased back from a seven-month high this week, a welcome change for homebuyers navigating high borrowing costs and heightened competition … Read more

CHARLOTTE, S.C. – New research out of one the nation’s hottest housing markets shows that Wall Street-backed landlords reduced homeownership as they converted homes to rentals, removing billions in wealth from one metro area in the process. As large firms bought up thousands of homes in the Atlanta area after the Great Recession, they were … Read more

Canadian tourists are returning to Fla. as COVID and visa problems fade away. The number of visiting Canadians has hit pre-pandemic levels in the past few months. TALLAHASSEE, Fla. – Canadian travel to Florida has nearly returned to pre-pandemic levels, but visa issues continue to complicate the state’s efforts to draw overseas visitors, according to … Read more

The U.S. Census Bureau created an interactive map that shows – by nation, state and county – private-housing building permit data for 2018-2022. WASHINGTON – The U.S. Census Bureau has created its first-ever interactive map of national, state and county building permit data. The map covering 2018 to 2002 has been posted online. To find … Read more

Home inspectors’ automated valuation models (AVMs) need quality-control to keep historic discrimination out, the agencies say. They’re currently accepting comments. WASHINGTON, D.C. – Six federal regulatory agencies issued a request for public comment on a proposed rule they say will “ensure the credibility and integrity of models used in real estate valuations.” The proposed rule … Read more