FAU: In a study of actual sales, the $199K prices nets sellers more money overall, even though $200K sellers tend to get an offer that’s closer to asking price. Source: Florida Realtors
July marked a big month for housing
It’s too soon to definitively say the market is back and real estate is great again, but several summer indicators suggest it might be true. Source: Florida Realtors
CFPB issues foreclosure-prevention guidelines
The principles aren’t legally binding; instead, they create guidelines for the industry and lawmakers to follow after the federal foreclosure program (HAMP) ends. Source: Florida Realtors
S. Fla. homebuyers frustrated by shortage of listings
A lack of for-sale homes is rattling buyers, emboldening sellers and pushing prices higher. A normal supply is 6 months; on July 1, Broward had only 3.8 months. Source: Florida Realtors
NAR: Pending home sales marginally rise in June
NAR: Index inched 0.2% higher to 111.0 in June – 1% more than a year ago. Supply and affordability constraints hampered activity despite very low mortgage rates. Source: Florida Realtors
HUD to investigate downpayment aid programs
HUD switched direction. It now says it will look for cases where lenders failed to fully inform FHA buyers on loan terms, charged improper fees or used coercion. Source: Florida Realtors
Housing is for everyone – no exceptions
At NAR’s “Housing for All” symposium this week, NAR VP and Floridian Sherri Meadows said that while homelessness is down, “housing insecurity” is on the rise. Source: Florida Realtors
Green energy boost: FHA to back some PACE mortgages
FHA says it will now approve purchase and refinance mortgage applications in states that treat clean-energy program (PACE) funding as a special assessment that homeowners pay like property taxes. Source: Florida Realtors
More homes at risk of storm surge
CoreLogic: Fla. remains the state with the most homes (2.7M) at risk for hurricane storm surge and with the highest reconstruction cost ($535.6B) in the U.S. Source: Florida Realtors
Florida's rent tax rankles more businesses
Only one U.S. state charges a business-rent tax on rent and utility expenses: Florida. But momentum appears to be building to undo the long-time government fee. Source: Florida Realtors
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