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Real Estate News
Stay up to date with the latest Florida Realtor News!
Long-term mortgage rates down slightly this weekThe big news is that fixed-rate mortgages didn't go higher this week, though the drop is marginal. They averaged 3.90% compared to last week's 3.91%. ...Read More
Real estate QandA: Delinquent owners OK on HOA boards?If HOA boards have to deal with owners who pay dues late, does it make sense for one of those owners to serve on the board? No – and it's not OK under Fla. law. ...Read More
Affordable housing: Americans want help getting inSurvey: 90% Americans say homeownership is one of the greatest achievements in life; most think governments should do more to solve the affordable housing problem. ...Read More
Mortgage tech company Sindeo calls it quitsSindeo hoped to revolutionize the mortgage application process using tech, but "simplifying the highly regulated, complex business" proved too challenging. ...Read More
Congress tackling flood insurance extensionCoverage expires in Oct. without Congress approving an extension, but it's addressing the issue. NAR says it supports six of seven bills that passed out of the House Financial Services Committee this week. ...Read More
As rents rise, millennials turn to dorms for adultsCo-living arrangements – in essence adult dorms that incorporate a social element shared by all renters – are soaring in popularity as rental costs rise. ...Read More
Citing water losses, Florida insurer approves rate hikesCitizens OK'd to raise homeowner rates about 5.3% and about 8.4% for commercial accounts; but homeowners could pay 10% more in Palm Beach, Broward and Miami-Dade. ...Read More
NAR: U.S. existing-home sales rise 1.1% in MayTotal existing-home sales rebounded after a drop in April, up 2.9% over May 2016. Low inventory helped propel the median sales price to a new high of $252,800. ...Read More
First-time buyers face new competitionInvestors are competing for starter homes: Housing inventories are at the lowest level in 30 years, and worst shortages are in the low and middle price ranges. ...Read More
Fla.'s home sales, median prices up in May 2017Year-over-year, existing single-family home sales rose 7.6%, median sales price up 7.7% to $239,000. Condo sales up 8%; median sales price up 8.1% to $178,000. ...Read More