Realtor.com rental listing costs were up 8.1% year-to-year in June, and two Fla. metros ranked in the top 10 for increases: Tampa-St. Pete, up 21.2% and Jacksonville, up 14.4%. Overall, two-bedroom units saw the largest increase, 10.2%, as demand for a larger living space continues.
In 2020, FHFA made homeowners pay an extra fee if they refinance, but that fee will go away after Aug. 1 – part of a new focus to help owners keep their property.
Housing providers and tenants financially impacted by the pandemic need to look into the OUR Florida program for potential relief.
A good home description makes the property appeal to a range of buyers, but luxury homes often have a defining style. If so, focus on that home’s uniqueness.
Over two days of Congressional testimony, Fed Chair Powell held to his belief that inflation is a temporary concern: Over time, it will fade and perhaps even reverse.
Americans need homes – what can be done? NAR, HUD and others say it took over a decade of underbuilding to get here, and fixing it requires a major national commitment.
An “HECM for Purchase Loan” allows adults age 62+ to buy with a larger-than-usual down payment, often with transferred equity, and skip future home payments.
A survey of Redfin agents found a slow but steady drop in the percentage of listings engaged in a bidding war. In April, 74.1% of sellers entertained multiple bids; in May it dropped to 72.1%; and in June, it fell to 65%. But Sarasota tops the list of U.S. bidding-war cities at 87%.
Florida Realtors chief economist: More homes are being listed than you think. Despite record-low inventory levels, the reason for current buyer frustrations isn’t so much “not enough sellers listing homes,” as it is strong buyer demand – so strong that listings don’t stay active very long.
The Fla.-owned insurer had its 10% cap raised under a law passed earlier this year, and its board of governors voted Wed. to increase a Feb. 2022 increase by 2.3%.