Louise McLean, Florida Realtors 2014 Humanitarian of Year, founded the Space Coast Assoc.’s charitable arm that helps over 2.2K homeless children in Brevard County. Source: Florida Realtors
Another foreclosure wave as HELOCs default? Didn't happen
Many owners took out interest-only home equity lines of credit before the market collapse, but most owners refinanced before they reset to a higher interest rate. Source: Florida Realtors
It's getting easier to crowdfund a downpayment
Crowdfunding tools help everyone to “pitch in” when a buyer needs downpayment help, and the newest ones charge no fees and make it easy to do. Source: Florida Realtors
Real estate QandA: Mortgage relief after Hurricane Irma?
Many Floridians missed work and spent money on repairs after Hurricane Irma departed. Now some can’t make their next mortgage payment, but they may have options. Source: Florida Realtors
Citizens claims expected to top $1.2 billion
The Fla.-owned insurer expects fewer claims filed over the next two years, and says that it can cover repairs and losses without expecting any taxpayer help. Source: Florida Realtors
New home sales to take hit as industry turns to rebuilding
New home sales fell for the second month in a row, dropping 3.4% in Aug., with little optimism about a future increase as builders focus on storm destruction. Source: Florida Realtors
Harsh reality hitting Floridians without flood policies
In five years, the number of federal flood policies in Fla. fell by 15%, and many non-covered people are now wondering how they can afford to fix their homes. Source: Florida Realtors
Mortgage rates increase after lengthy decline
Average long-term mortgage rates rose to 3.38% in Freddie Mac’s weekly survey – the first FRM increase in almost two months. Source: Florida Realtors
FHA allows transactions to proceed with immediate reinspection
FHA loans require a post-disaster inspection in declared catastrophe areas, but a rule that could delay closings is waived. Source: Florida Realtors
Irma's Fla. insurance claims already near $2 billion
State officials say Hurricane Irma has already exceeded claims and losses (335,000 claims, $1.9B in property losses) from the two Fla. hurricanes last year. Source: Florida Realtors
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