Real estate QandA: All board members have a fiduciary responsibility to the community. Review HOA docs – but board can also remove or replace him. Source: Florida Realtors
What to do after a disaster hits your home, mortgage
If you’re affected by a natural disaster, what does it mean for your mortgage? Here are frequently asked questions and answers. Source: Florida Realtors
Scott declares emergency as hurricane threatens
All of Fla. will soon get a taste of Hurricane Irma, and it’s likely that a few areas will face a direct impact. Bolster your home and business defenses now. Source: Florida Realtors
Will weak inflation slow Fed's interest rate increases?
All signs point to healthy economic growth but one: inflation. The Fed wants to see 2% before it boosts interest rates, but inflation remains stubbornly stagnant. Source: Florida Realtors
Average mortgage rates fall again to new 2017 low
Mortgage-buyer Freddie Mac reports that the average rate on a 30-year, fixed-rate mortgage fell to 3.82% this week from last week’s 3.86%. Source: Florida Realtors
Could Harvey push Fla. homeowner's insurance rates higher?
Short answer: No. Fla. rates shouldn’t go up. Rates are set at the state level, so what happens in Texas stays in Texas, and what happens in Fla. stays in Fla. Source: Florida Realtors
Florida Realtors taps Disaster Relief Fund, sends supplies
In response to the horrendous Texas flooding, Florida Realtors will send $25K to a Texas Realtors’ aid fund and pay for local efforts to create “Totes for Hope” – a grassroots effort to send personal supplies to Texas families struggling to survive. Source: Florida Realtors
15K Fla. properties have repetitive flood losses
A study recommends gov’t-funded buyouts of high-risk flood properties to mitigate against future problems – and it identified 15,000 of those in Fla. Source: Florida Realtors
Fla. housing market: Sales, median prices up in July
Like the weather, the market was hot: Existing single-family home sales up 2% year-over-year, median price rose 7.1%; condo sales up 3.6%, median price rose 6.8%. Source: Florida Realtors
July new home sales fall but higher year-to-year
Sales of new U.S. homes plummeted 9.4% – the sharpest one-month drop in nearly a year – but it follows strong sales numbers in previous months. Source: Florida Realtors
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