More Relocators than Locals Ask About S. Fla. Climate Change
Some agents say “elevation, elevation, elevation” is replacing “location, location, location” in S. Fla. But it still doesn’t top most buyers’ lists as a must-have.
Condo Q&A: How Can We Raise Capital for Future Projects?
Also: Should a condo board send warning letters before issuing fines? A board does so, but some members now wonder whether that’s a good idea.
How Tight Is Inventory? 1 in 4 Listings is New Construction
Except for sky-high material prices, it’s a good time to be in the home construction industry. Of homes available to buyers today, one in four (25.7%) is brand new.
Foreclosures Less Likely with Few Homes Underwater
Underwater homeowners – they owe more on their mortgage than their home’s value – are more likely to end up in foreclosure. But today, 1 in 3 owners with a mortgage (32%) have at least 50% equity, and only 1 in 21 (4.7%) owes 25% or more than their home’s current market value.
Mortgage Rates Down a Bit – But Can It Continue?
The average 30-year, fixed-rate mortgage dropped to 2.94% from last week’s 2.96%, but with inflation apparently rising, they’ll likely change direction soon.
What Type of Homeowner Opted for Forbearance?
About 4M owners chose to delay monthly mortgage payments using forbearance, and 1 in 3 (34%) used the money for essentials. Many now worry about what comes next.