Post-recession, large companies started to buy homes, fix them up and rent them out. Today, though, they buy fewer homes and are even starting to sell a few. Source: Florida Realtors
First-time buyers want to bypass starter home
BofA report: 75% of first-time buyers would prefer to move into homes that meet their long-term needs; another 35% plan to retire wherever they buy. Source: Florida Realtors
Mortgage rates hit lowest level since 2015
The average rate on 30-year FRM fell to 3.59% this week from 3.71% last week after the Fed chair reaffirmed her plan to raise interest rates slowly. Source: Florida Realtors
How much do local disasters disrupt the market?
Gas leaks and localized disasters can send real estate markets into a tailspin. A RealtyTrac study found that a Calif. gas leak caused nearby sales to drop 44%. Source: Florida Realtors
HUD: 'No ex-convict' rental rules might break law
Under fair housing “disparate impact” guidelines, a no-convict rental rule may discriminate unintentionally because many ex-criminals are black or Hispanic. Source: Florida Realtors
Freddie Mac: 2016 will be housing's golden year
Officials at Freddie predict that housing starts and home prices will be at their highest levels in a decade, thanks to jobs, mortgage rates and a growing housing supply. Source: Florida Realtors
Houses of the Heart
This month may bring about excitement for chocolate boxes and red long stemmed roses. And that is awesome! We should be celebrated by our loved ones and shown a little attention. Each day is an opportunity to show our love but yeah, it’s nice to have one more “extra” day, right? But, sometimes this month […]