Florida Real Estate News
Survey: More lenders expected to ease credit standards
Mon, 26 Jun 2017 12:42:33 +0500
According to Fannie Mae's 2Q survey, more mortgage lenders say they've eased credit standards recently, and they expect further easing in the coming months.
Florida homestead law a 'debtor's haven'? Not always
Mon, 26 Jun 2017 12:47:51 +0500
In Fla., courts cannot seize a homesteaded property to pay judgments, making real estate attractive to out-of-staters who want to shield their assets. However, a court ruled that they must actually make an effort to live here.
Rick Scott signs bill updating state building code
Mon, 26 Jun 2017 12:37:20 +0500
Fla. will no longer automatically update its building code using International Code Council standards as a baseline.
Fed court upholds photo copyright charge against Zillow
Mon, 26 Jun 2017 12:52:00 +0500
Using photos that you found on the Internet? Don't. A second court upheld a copyright charge last week against Zillow, though it lowered damages to $4M.
Self-driving cars will influence real estate demand
Mon, 26 Jun 2017 12:40:19 +0500
Just as some buyers want a smart home, many will want a smart city. Metros that adapt quickly to the technology could attract more residents and high-paying jobs.
New-home sales rise 2.9% in May
Fri, 23 Jun 2017 13:01:27 +0500
The U.S. still isn't producing enough new homes to offset supply shortages, but it's trying. New-home sales are up 12% year-to-year, according to NAHB.
NAR's Yun: Some markets reaching 'crisis' level
Fri, 23 Jun 2017 13:04:30 +0500
Record-high median home prices last month have led to an inadequate supply of affordable housing in some areas of the country, says NAR economist Yun.
Hey buyers: Securing a mortgage takes longer than you think
Fri, 23 Jun 2017 13:22:23 +0500
The mortgage process is complex. In addition to filling out a form, it requires documentation, third-party verifications and an independent appraisal process.
12M consumers may get July credit-score boost
Fri, 23 Jun 2017 12:57:37 +0500
Some buyers who can't qualify for a mortgage now might be OK soon after the big three credit agencies clean up their inaccurate tax lien and civil judgement data.
Citizens to offer free water removal, drying services
Fri, 23 Jun 2017 12:58:35 +0500
The Fla.-owned insurer is giving homeowners two new options on July 1: They'll remove water after a leak and offer drying services without charge (no deductible) and offer a 3-year guarantee if repairs are done by in-house contractors.
Homeowners like Airbnb renting – but not if neighbors do it
Fri, 23 Jun 2017 13:06:02 +0500
A pair of dueling polls found that homeowners like to rent a home through Airbnb when they travel – but they don't want Airbnb renters in their neighborhood.
Long-term mortgage rates down slightly this week
Thu, 22 Jun 2017 13:03:15 +0500
The 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%.
Affordable housing: Americans want help getting in
Thu, 22 Jun 2017 12:59:57 +0500
Survey: 90% Americans say homeownership is one of the greatest achievements in life; most think governments should do more to solve the affordable housing problem.
Real estate QandA: Delinquent owners OK on HOA boards?
Thu, 22 Jun 2017 12:58:50 +0500
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.
Mortgage tech company Sindeo calls it quits
Thu, 22 Jun 2017 12:57:34 +0500
Sindeo hoped to revolutionize the mortgage application process using tech, but "simplifying the highly regulated, complex business" proved too challenging.
As rents rise, millennials turn to dorms for adults
Thu, 22 Jun 2017 12:56:05 +0500
Co-living arrangements – in essence adult dorms that incorporate a social element shared by all renters – are soaring in popularity as rental costs rise.
Congress tackling flood insurance extension
Thu, 22 Jun 2017 13:00:58 +0500
Coverage 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.
Citing water losses, Florida insurer approves rate hikes
Wed, 21 Jun 2017 13:16:41 +0500
Citizens 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.
NAR: U.S. existing-home sales rise 1.1% in May
Wed, 21 Jun 2017 13:13:41 +0500
Total 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.
First-time buyers face new competition
Wed, 21 Jun 2017 13:11:06 +0500
Investors 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.