Officials Across Fla. Rethink Condo Inspection Policies
As Fla. mourns the Surfside disaster, state and local lawmakers are asking, “What can we do to prevent other tragedies?” A lot of talk involves stricter inspection rules.
What Can Condos Do to Help Residents Feel Safe?
Fla.’s condo residents and buyers have new concerns in light of the Surfside disaster. Engineers hired by Surfside recommend 3 tests that can assure stability.
Community Rallies Around Fla. Real Estate Wire Fraud Victim
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.
Best Cities for Relocating Americans? 3 Fla. Cities in Top 6 Spots
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.
New App Is the Airbnb of Private Pool Rentals
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.
Hurricane Season, Multifamily Housing and Preparing
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.
Seller Optimism Has Never Been This High
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.
FHA and VA Buyers Struggle to Compete in Today’s Market
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.
Experts Say Foreclosure Spike Unlikely as Owners Exit Forbearance
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.
Mortgage Rates Move Lower Again
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.