HUD might change its mission statement to remove “antidiscrimination language.” Sec. Ben Carson, who has led the charge, also wants to add “self-sufficiency.” Source: Florida Realtors
The Difference an Hour Will Make This Spring [INFOGRAPHIC]
Some Highlights: Don’t forget to set your clocks forward this Sunday, March 11th at 2:00 AM EST in observance of Daylight Saving Time. Unless of course, you are a resident of Arizona or Hawaii! Every hour in the United States: 614 homes are sold, 81 homes regain equity (meaning they are no longer underwater on […]
A New Housing Bubble Forming…Not Before 2024!
A recent report by CoreLogic revealed that U.S. home values appreciated by more than 37% over the last five years. Some are concerned that this is evidence we may be on the verge of another housing “boom & bust” like the one we experienced from 2006-2008. Recently, several housing experts weighed in on the subject […]
Mortgage rates climb to 4.46% – a 4-year high
The cost of a loan continues to rise on the brink of the traditional spring home buying season, and buyers will now confront higher borrowing costs. Source: Florida Realtors
Home Prices: The Difference 5 Years Makes
The economists at CoreLogic recently released a special report entitled, Evaluating the Housing Market Since the Great Recession. The goal of the report was to look at economic recovery since the Great Recession of December 2007 through June 2009. One of the key indicators used in the report to determine the health of the housing […]
Top commercial real estate concern? Rising rates
Commercial executives are braced for multiple rate increases throughout the year, and they see that higher cost of borrowing as a top challenge in 2018. Source: Florida Realtors
Competition is Coming, Are You Thinking of Selling Your Home?
The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of these permits were up 7.4% over last year. […]
How many Puerto Ricans moved to Fla. after Hurricane Maria?
A look at school enrollment data, change-of-address forms and Puerto Rican FEMA claims submitted from Fla. provide an estimate of post-storm mobility. Source: Florida Realtors
Housing Market Expected To “Spring Forward” This Year
Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale in the market right now is what is holding back the market. Many potential sellers believe that waiting until Spring is in their best interest, […]
U.S. Senate makes few moves on flood insurance overhaul
March 23 is the deadline to reauthorize NFIP, and with few signs of consensus, it looks like Congress will punt again when it comes a flood insurance deal. Source: Florida Realtors
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