HUD and FHFA (Fannie Mae, Freddie Mac) signed a memorandum of understanding (MOU) to work together. The change allows HUD to more aggressively check for Fair Housing Act violations by giving it easier access to deals funded with conventional mortgage loans.
A judge that ruled against an earlier eviction ban version said an appellate ruling keeps her from doing so this time. An appeal is likely, possibly to the Supreme Court.
Start small? If you buy one rental as an investment, you lose 100% of your income if it’s not occupied. And good real estate shouldn’t be sold, it should be refinanced.
Many buyers and renters consider a new home with “Will my pets be happy here?” playing in their head – and are willing to compromise their wants for a “yes” answer.
D.R. Horton CEO Auld calls it “foreign to us,” but his company is turning away qualified buyers due to construction supply shortages and a thin labor force.
Florida Realtors’ data: Sales, new listings and median prices are up (24.3% for single-family homes, 20.8% for condos) from a year ago. Chief Economist O’Connor: Mortgage rates, while low, are no longer falling, which will gradually reduce competition until price growth falls back to a more normal pace.
Year-to-year, the median sale price of an existing U.S. home rose 22.9% in the second quarter – to $357,900. Prices were up in 99% of markets and up double-digits in 94%.
A 30-year, fixed-rate mortgage averaged 2.87% this week, up from 2.77%. Pandemic fears that pushed rates down were boosted by positive employment numbers this week.
Gulfstream Property & Casualty Insurance went into liquidation on July 28, saddling the state with an estimated $60-$65 million in unpaid claims and premium refunds.
Some frustrated and discouraged buyers dropped out of the market, but many may jump back in as inventory grows, properties linger on the market and bidding wars ease.