Every marginal increase in mortgage rates makes homeownership unaffordable for a few more buyers, so it’s now-or-never for some families. Source: Florida Realtors
NAR: Fair housing should remain a primary HUD mission
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
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
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
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
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
Pending home sales drop 4.7% in Jan.
A lack of homes for sale and an increase in average mortgage rates caused the number of homes under contract to drop to its lowest level in over three years. Source: Florida Realtors
U.S. consumer confidence hits 18-year high
Conference Board: Despite recent stock market volatility, consumers expressed greater optimism about short-term prospects for businesses and labor markets. Source: Florida Realtors
January new-home sales drop 7.8%
The Commerce Department says Jan. sales came in at a seasonally adjusted annual rate of 593,000 – the lowest since August and down from 643,000 in Dec. Source: Florida Realtors
Long-term mortgage rates climb again – to 4.40%
The average rate for a 30-year fixed-rate mortgage hit its highest point since April 2014 and moved marginally higher from last week’s average 4.38%. Source: Florida Realtors
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