NEWS
Spanish translation of settlement forms are available for reference. Plus, NAR released a new guide to help consumers negotiate buyer agreements.
Florida leads in affordable new home construction, with smaller, lower-priced builds driving down costs and addressing the housing shortage.
One investigator in the 2021 Champlain Towers South condo collapse said it is “one of the most complex building failure investigations ever undertaken.”
When a new landlord steps in, tenants should know their rights regarding rent, utility payments and lease agreements.
Analysts say many borrowers are waiting for affordability to improve and mortgage rates to decline. They anticipate rates will average 5.7% by late 2025.
Renters are looking for luxury living with convenience and safety. Some new tech devices and home features fit the bill.
The average long-term rate fell to 6.09% from 6.20% last week and 7.19% a year ago, Freddie Mac said. Borrowing costs on 15-year fixed-rate mortgages fell to 5.15%.
Today’s webinar will cover the new flood disclosure and condo laws that take effect on Oct. 1, and Florida Realtors’ new and updated forms regarding these changes.
The inventory of unsold existing homes improved by 0.7% from the previous month to 1.35 million at the end of August, or the equivalent of 4.2 months’ supply.
New listings, inventory levels up YoY for both single-family homes and condo-townhouses. Single-family median price eased 0.8% YoY, condo-townhouse median down 4.3%.
Monthly housing payments are down nearly $300 from April’s all-time high, but pending sales are still lagging. The Fed rate cut on Wednesday could help.
Less than two months after receiving $100 million from the state Legislature, Floridians have reserved all available Hometown Heroes Housing program funds.
The unusually large interest rate cut suggests the economy is rebounding. The cut will continue to impact mortgage rates, which have declined in the past weeks.
One investigator in the 2021 Champlain Towers South condo collapse said it is “one of the most complex building failure investigations ever undertaken.”