A new trend popping up is “village” communities. Individual owners agree to work together to build healthy families with adoptive or foster children. Source: Florida Realtors
30-year mortgage rate drops for second straight week
Two weeks ago, the 30-year FRM hit its highest point of the year, but it dropped again this week to 4.14%. Most experts predict little change over the short term. Source: Florida Realtors
NAR: Feb.'s pending home sales leap 5.5%
Pending home sales rebounded sharply to the highest level in nearly a year and second-highest in over a decade. “The stock market’s continued rise and steady hiring in most markets is spurring significant interest in buying,” says NAR economist Yun. Source: Florida Realtors
Fla. a top state when comparing taxes paid to services received
If ROI (return on investment) is applied to taxes, a WalletHub study ranks Fla. third in the nation for the value residents get from the state taxes they pay. Source: Florida Realtors
Great American Realtor Days kicks off
Realtors across Florida traveled to Tallahassee today for the first full day of Great American Realtor Days (GARD). Source: Florida Realtors
U.S. new home sales rise despite higher mortgage rates
Commerce Dept.: New home sales rose 6.1% in Feb. to the fastest pace since July, up about 13% from a year ago. Builders also have ramped up new-home construction. Source: Florida Realtors
Could rising mortgage rates be good for housing?
While higher rates make it more expensive for buyers, rising rates could also push fence-sitters into action and convince banks that they can approve more loans. Source: Florida Realtors
Budget proposal could impact flood insurance
Proposed $190M budget cuts for updating flood maps could lead to higher costs if insurers stop trusting older maps or homeowners must make up the difference. Source: Florida Realtors
Florida property insurers avoid ratings downgrades
Potential problem averted: If Fannie/Freddie-backed rating firm downgraded Fla. insurers, it could have halted closings and made current owners find new coverage. Source: Florida Realtors
Single-family housing starts hit highest level in 10 years
Single-family production increased 6.5%, “consistent with rising builder confidence in the housing market,” says NAHB president. Multifamily dropped 3.7%. Source: Florida Realtors
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