Fed Set to Wind Down Economic Stimulus This Week
It has a tricky job though: curbing inflation without hurting the economy. For homebuyers, it might mean slowly rising mortgage rates as the Fed cuts back on bond buys.
Will Fla. Have Enough Homes If Canadians Return?
While Canadians and Realtors cheer Nov. 8 border re-openings, foreign visitors will be competing with an uptick in Americans now calling Fla. their winter home.
Buyers May Face Hidden Costs for Homes with Solar Power
“Solar-powered home” sounds like a great money-saving deal, but buyers should study possible costs before committing. Not all property insurance companies will cover solar panels, and the ones that do have a wide-ranging set of rules and inconsistent coverage pricing.
Millennial Demand Should Keep Housing Strong for Years
Almost 1 in 4 Americans (22%) is a millennial. As homebuyers, they made up more than 1 in 3 (37%) customers over the past year, according to Barron’s.
FinCEN Targeting Extended for Six Months in S. Fla.
The rule that requires title companies to identify actual buyers – not shell companies – in 12 major U.S. metro areas now stays in effect until April 29, 2022.
HUD Granting Fla. $113.2M for 2020 Disaster
Fla. and nine other states will share more than $2B in CDBG-Disaster Recovery Funds. The Fla. money is a response to Hurricane Sally (Sept. 14-28, 2020) damage.
Home Prices Could See ‘Bumpy’ Road Ahead
Bubbles won’t pop, but fast price increases have made some experts take note. While the growth rate slowed, buyers in a few areas face a tricky price vs. worth balance.
Fla. TaxWatch: Climate Change More than Flooded Streets
A 56-page report looks at potential Fla. economic damages caused by a changing climate, such as agriculture and even the tax base of local governments.
FEMA Taking Stronger Steps to Deal with Climate Change
Calling it “the crisis of this generation,” FEMA created a single unified agency to ensure all department decisions and actions address the threat of a changing climate.
It’s Not Final, but Infrastructure Bill Seems Good for Real Estate
NAR says the deal that appears close to finalization includes many real estate goals it wanted, including $150B for affordable housing and keeping like-kind exchanges.