Federal Reserve Member Wants to Slow Housing Market First
When the Fed moves to slow inflation and moderate the economy, Boston Fed Pres. Eric Rosengren thinks housing should be targeted first to avoid any “boom and bust.”
Where Can Buyers Find a Fla. Home for Around $250,000?
$250K homes are out there, but finding one largely depends on where a buyer chooses to live. South Floridians have sometimes moved about 80 miles north to find lower housing prices, but each area of the state has a few areas – typically smaller towns – with a few $250K homes.
Condo Q&A: Can Domestic Partner Run for HOA Board?
Also: Can a treasurer, on her own, give cash gifts to outgoing board members? And does a law require owner notification before sending assessment issues to an attorney?
Fed: Low Loan Rates Led to Refis, but Fewer Blacks Did So
3 Fed banks looked at home refis in the first 9 months of 2020. They found that 6% of Black borrowers switched to a lower rate compared to 12% of white borrowers.
Facebook Advertising: What Should Realtors Consider?
Few online advertiser provide access to more people than Facebook, and they offer a range of ad types. The simplest: Post something on your page and pay to “boost” it.
Home Equity Loans Barely Ding Credit Scores
Borrow money to fix up a home prior to sale? Sellers planning to buy again could hurt their credit score – but the impact isn’t huge and it takes a few months to show up.
Buyers Usually Can’t Get Insurance if Storms Threaten
Transaction reminder: If a hurricane threatens Fla., property insurers won’t issue new policies, so lenders won’t issue new loans. But the rules vary by insurer.
Q&A: After Surfside, What Should I Know About Condos?
Shaken by the recent disaster in Surfside, many condo owners wonder what they don’t know but should. A Q&A with specialists and attorneys provides some answers.
40-Year FHA, VA Home Loans Coming in October?
Ginnie Mae – the funding arm behind FHA and VA loans – created a new “pool type” to secure “modified loans with terms up to 40 years.” It’s essentially the funding groundwork to release a new type of 40-year loan that Ginnie Mae expects to start offering in October.
Drop Your Homeowners Insurer for State-Owned Citizens?
Some homeowners have no choice, but others can choose Citizens. In many cases, Citizens will save them money – but it comes with important caveats about claims.