Amendment 5 and Tax Benefits: What It Means for Fla. Sellers
Floridians passed Realtor-supported Amendment 5, giving sellers up to three years – an increase from two – to transfer (port) accrued property tax benefits to a new home.
U.S. Long-term Mortgage Rates Flat to Lower; 30-year at 2.78%
It’s a new all-time record low for the 30-year FRM – the 12th time this year. Meanwhile, the average rate on a 15-year mortgage remained at 2.32% this week.
NAHB: Home Affordability Hits Two-Year Low
The builders group says record-low mortgage rates are no longer enough to offset rising home prices as buyers fight over a dwindling supply of for-sale inventory.
New Loan Programs Could Boost Minority Homeownership
In an effort to ease the damage caused by limited lending over the years, lenders’ programs can include thousands of dollars in closing-cost credits, down payment assistance, low-interest loans and/or more affordable housing opportunities for underserved communities.
Can Landlord Demand Rent if Tenant Can’t Stay Due to Disaster?
The situation isn’t clear: Roads damaged by a disaster mean a tenant is blocked from her apartment and must temporarily rent elsewhere. What does the lease allow?
Homeowners’ Priorities Shift from Countertops to More Space
Since the pandemic, buyers focus now on more space and outdoor features. Square footage, living space, floor design and outdoor spaces, like pools, are top priorities.