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
Primary election: Solar amendment has wide support
Haven’t voted yet? It’s today. Go. Analysts say Amendment 4, which appears on the ballot and supports solar energy tax breaks for businesses, has wide support and no organized opposition. Source: Florida Realtors
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