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 Related Posts:The U.S. Foreclosure Map You Need To SeeWhat You Need To Know About Homeowner’s InsuranceSeller Concessions: A Smart Strategy To Get Your House SoldWhy a […]
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 Related Posts:Are Builders Overbuilding Again? Let’s Look at the Facts.This May Be the Best Time To Buy a Brand-New HomeWhy More Buyers Are Turning […]
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 Related Posts:How To Make Sure Your Sale Crosses the Finish LineMore Contracts Are Falling Through. Here’s How To Get Ahead.The #1 Regret Sellers […]
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 Related Posts:Mortgage Rates Hit Lowest Point So Far This YearIs the Housing Market Going To Crash? Here’s What…How To Buy a Home Without Waiting for Lower RatesMortgage Rates Are Stabilizing – […]
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 Related Posts:Why a Pre-Listing Inspection May Be Worth It in…More Contracts Are Falling Through. Here’s How To Get Ahead.How To Make Sure Your Sale Crosses the Finish LineWhat a Government Shutdown Really Means […]
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 Related Posts:Home Insurance Costs Are Rising: What Buyers Should Plan ForWhat You Need To Know About Homeowner’s InsuranceWhy Your Home Equity Still Puts You Way AheadIt’s Getting More […]
NAR: Student debt delays millennial homeownership by 7 years
Despite being in prime home-buying years, a majority of millennials with student debt currently don’t own a home – and many believe student debt is the reason. Source: Florida Realtors Related Posts:What a Government Shutdown Really Means for the…The VA Home Loan Advantage: What Every Veteran…The Majority of Veterans Are Unaware of a Key VA…Multi-Generational […]
Houston's market proves resilient post-Harvey
Hurricane Harvey’s catastrophic flooding doesn’t appear to deter housing demand. Redfin agents say 45 buyers are ready to purchase homes where the storm hit. Source: Florida Realtors Related Posts:More Buyers Are Making Moves — Is It Time To Sell?Top 3 Reasons To Buy a Home Before Spring3 Reasons Affordability Is Showing Signs of…This May Be […]
National flood insurance extended for three months
NAR’s Call for Action ended Friday. While it initially hoped to pass a comprehensive flood bill that lasted years, Harvey aid and Irma’s impending threat last week convinced Congress to postpone any major changes. NFIP now expires in December. Source: Florida Realtors Related Posts:Home Insurance Costs Are Rising: What Buyers Should Plan ForWhat a Government […]
What to do if board pres. makes use of HOA resources
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 Related Posts:Is It Better To Rent or Buy a Home?The VA Home Loan Advantage: What Every Veteran…The Secret To Selling? Using an Agent To Get Your…Is an Accessory […]
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