Census: It appears that Americans got fatter paychecks in 2015 – the first significant hike since 2007. U.S. median household income rose 5.2% to $56,516. Source: Florida Realtors
CoreLogic reports 34K completed foreclosures in July 2016
Completed foreclosures down 16.5% from a year ago; U.S. foreclosure inventory down 29.1%. Fla. still leads the nation in completed foreclosures, at 57K, in July. Source: Florida Realtors
Yet again, penalties pile up at Wells Fargo
In its latest regulatory black eye, Wells Fargo must pay $185M in civil penalties for actions allegedly taken by about 5,300 employees, who secretly opened millions of accounts without customers’ permission. Source: Florida Realtors
Hermine: Losses seen up to $500M, could have been worse, insurers say
Insurers: It could have been much worse, with some saying the Category 1 hurricane was “a good quiz” for the catastrophe plans of companies doing business in Fla. Source: Florida Realtors
Natural hazard risk holding back home sales
Report: In the first half of the year, home sales rose 4.2% in counties with low natural hazard risk, while counties with high risk only showed a 1.9% gain. Source: Florida Realtors
More renters staying in apartments as prices rise
RealPage: The share of renters opting to renew their leases hit an all-time high of 53.8% through the first seven months of this year, up from 52.9% in 2015. Source: Florida Realtors
U.S. will extend HARP home loan program
Fed Housing Finance Agency: It will continue through Sept. 2017. More than 3.4M homeowners have refinanced their mortgages under HARP since it began 7 years ago. Source: Florida Realtors
Tropical Storm Hermine prompts Florida hurricane watch
If Hermine attains hurricane strength before landfall – somewhere along the Big Bend area – it will be the first hurricane to hit the state in 11 years. Source: Florida Realtors
NAR: Pending home sales tick higher in July
The Pending index hit its second-highest reading in almost a decade, but with too-few listings, “buyers still have few choices and little time” to act. Source: Florida Realtors
U.S. consumer confidence hits one-year high
The monthly survey found both a short-term and long-term improvement in attitudes about business conditions, the labor market and personal income. Source: Florida Realtors
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