A single S. Fla. mother lost half of her $63K down payment to wire fraud criminals and thought she lost her dream house – one that she worked multiple jobs for many years to afford. But after a TV news story, RE industry pros and strangers stepped in to help.
Since 2017, many people moved to warmer climates. While Las Vegas ranked No. 1, Jacksonville, Tampa and Orlando made up half of the top six destinations.
A new app allows homeowners with pools to rent them out by the hour – mostly in the $15 to $60 range – and help offset the cost of pool maintenance.
Multifamily Council: If a hurricane threatens Fla., property managers have extra steps to take, including a focus on resident safety before and after the storm hits.
Survey: 8 out of 10 consumers (77%) say it’s a good time to sell a home. Buyers, however, aren’t quite as pumped: 2 out of 3 (64%) say it’s a bad time to buy a home.
Only 30% of sellers are OK with a VA or FHA loan because buyers can’t easily forego things like inspections to compete – plus the home appraisals often come in low.
Mortgage bankers say most (77%) homeowners in forbearance already have a payment plan in place – and many who don’t will likely sell rather than go through foreclosure. For most sellers, high home prices will allow them to pay off the mortgage and not even ding their credit scores.
The average 30-year, fixed-rate mortgage dropped to 2.9% from last week’s 2.98% in Freddie Mac’s weekly survey. The 15-year loan and ARM rates also declined.
An “every penny counts” approach by buyers boosted ARMs 12.5% year-to-year, even though average ARM rates (2.54%) are only a bit lower than FRM rates (2.98%).
Florida Realtors economist: Need to find an untapped source for new clients? Look past your own turf to the largest source of movers coming from a different county or state. If 10% of your new residents come from Any County, N.Y., spend some marketing dollars in Any County.