Florida Realtors News
The relatively active season came to a close, and while the 18 storms made it the fourth most-lively season in 150 years, only one storm – Dorian – threatened a Florida disaster after stalling over the Bahamas, where it caused massive damage.
Single-family loans bought by Fannie Mae and Freddie Mac can be as high as $510,400 ($484,350 currently) starting in January – up to $765,600 in high-cost areas.
Rates rose this week amid optimism over prospects for economy, though they’re still at historically low levels – an incentive for prospective homebuyers.
Lee County homeowners deserve more than $13.6M after the state cut down their citrus trees, another court ruled.
“Risk Rating 2.0” now goes into effect Oct. 1, 2021.
Pres. Eric Sain and CEO Margy Grant accepted a $10K check from NAR for Florida Realtors successful “You, Only Better” campaign to encourage participation in C2EX
Northerners are struggling.
While Census data can’t clearly say Fla.’s up-tick in in-migration is due to lower taxes or more retirees, it suggests that Conn.
Study: In Florida, total student debt is $75.9 billion owed by 2,197,000 borrowers, according to realtor.com, making it difficult to buy a home.
Builders see their market moving in the right direction, with the “unsustainable” level of multifamily starts slowing and the number of single-family starts growing.
The Disaster Relief donation, which NAR will distribute, helps support those affected by a disaster, such as the recent flooding in Texas and wildfires in California.
As a possible economic slowdown looms, the people who invest money for ultra-rich families are buying more real estate as a hedge against any possible downturn.
For the first time in 25 years, federal regulators are increasing the property value limit under which buyers of certain homes must obtain an appraisal as part of the selling process.
Study: The year after a foreclosure, 7% of ex-owners have a credit score above 680 and 2% above 740; and all credit scores increased by about 10 points each year.
Freddie Mac thinks that less worry over trade helped lift global stock markets, and the resulting impact on bonds nudged the average 30-year FRM higher this week.
The 30-year, fixed-rate mortgage hit a three-year low this week, declining to 3.49% from last week’s average of 3.58%.
It may grow into a Category 3 hurricane as it heads toward Fla.
Pick any hot real estate topic – algae, flood insurance, iBuyers, service animals – the annual convention is a once-per-year chance to change talk into action.