The Fed held short-term interest rates steady yesterday but appears ready to hike them later this year. The Fed’s rates directly impact ARMs and, indirectly, FRMs. Source: Florida Realtors Related Posts:How To Buy a Home Without Waiting for Lower RatesWhat a Fed Rate Cut Could Mean for Mortgage RatesWhy Now May Be a Key 2025 […]
Not enough construction in most Fla. metro areas
NAR compared local employment gains to housing stock and found 80% of U.S. metros need more construction. In Fla., one city tops list; another ranks near bottom. Source: Florida Realtors Related Posts:Top 2026 Housing Markets for Buyers and SellersWhy Your Home Equity Still Puts You Way AheadHousing Market Forecasts for the Rest of 2025Patience Won’t […]
U.S. homebuilder sentiment hits one-year high
New-home builders have a rosy outlook about the future based on current trends and their projections for 2017. The monthly index rose 6 points to 65. 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 HomeSmaller Homes, Bigger Opportunities: The Homebuilder…Why More […]
Household incomes see first big gain since 2007
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 Related Posts:It’s Getting More Affordable To Buy a HomeThe Secret To Selling This Spring: Start the Prep Work NowNewly Built Homes May Be Less Expensive Than You […]
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 Related Posts:Why Rising Foreclosure Headlines Aren’t a Red Flag…The U.S. Foreclosure Map You Need To SeeWhy Buyers and Sellers Face Very Different Conditions TodayThought the Market Passed […]
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 Related Posts:How To Buy a Home Without Waiting for Lower RatesThe #1 Regret Sellers Have When They Don’t Use an AgentHeaded […]
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 Related Posts:Would You Let $80 a Month Hold You Back from Buying a Home?Expert Forecasts Point to Affordability Improving in 2026Is the Housing Market […]
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 Related Posts:Understanding Today’s Mortgage Rates: Is 3% Coming Back?Expert Forecasts Point to Affordability Improving in 2026The Credit Score Myth That’s Holding Would-Be Buyers […]
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 Related Posts:Is the Housing Market Going To Crash? Here’s What…3 Reasons To Buy a Home Before SpringWhy the Average Homeowner Has $319K in […]
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 Related Posts:What a Fed Rate Cut Could Mean for Mortgage RatesThe VA Home Loan Advantage: What Every Veteran…Why Your Home Equity Still Puts You Way AheadExpert […]
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