Mortgage bankers say that many homeowners are coming out of forbearance, with only 7.4%, so far, either selling the home, doing a refi or otherwise paying off the mortgage. 1 in 4 (23.2%) never stopped making monthly payments; another 1 in 4 (28%) ended up having their loans deferred.
“It’s too expensive” seems obvious as a reason to skip flood ins., but a study found owners often think they don’t need it – that the government steps in after a disaster.
In May, the year-to-year median home price was up almost 24%. The inventory shortage played a role, says NAR’s Yun, but affordability is squeezing some buyers out too.
An injunction stopped part of a Fla. law intended to reduce the number of insurance roofing claims, and two more roofing companies have joined the legal fight.
It’s a positive turn during a year with wild construction swings. The biggest jump came in the West (up 12.6%) and South (up 9.7%), which includes Fla.
Pasco County’s tax collector doesn’t know the source of misinformation, but people are paying homes’ back taxes and telling legal owners they no longer own the house.