HUD Announces 2023 Fair Market Rent Limits
HUD’s Secretary said higher FMR limits will expand housing opportunities. Based on location, Fla.’s starts at $623 for an efficiency and goes to $3,433 for 4 bedrooms.
What Happened to My Buyer’s Washer and Dryer?
The MLS property description says the property includes the washer-dryer. However, the contract does not. A large percentage of Legal Hotline callers ask this “Does it stay or go?” question.
Fla. Landlord Pays $45K for Fair Housing Issue
Under a HUD consent order, a Fla. RV park owner will pay $45K and boost fair housing efforts after asking a transgender tenant to hide the transition in public areas.
You Need Tech Tools – Don’t Overthink This
Some apps that can make life easier are worth 30 minutes of learning. Also, if possible, simply: Only use easily organized communications, such as texts and emails.
State-Owned Citizens Ins. May Raise $700K Cap
The law bans Citizens from offering “replacement costs” of more than $700K ($1M in Miami-Dade), but regulators may raise that cap in at least some counties.
BofA Offers No-Down/No-Closing Cost Loan
First-time Black or Hispanic homebuyers in select U.S. neighborhoods, including Miami, can qualify for a no-down payment, no closing-cost mortgage loan.
Don’t Even Think About Using an Online Photo
Found a sunrise photo from your community that is so beautiful it makes “life in paradise” appear almost magical? It’s ideal for marketing? If so, don’t use it. Get up early and take your own sunrise photo. Copyright issues often create expensive headaches.
Careful What You Say About Competitors
An agent who never wants to work with a specific listing broker again gave a seller their honest assessment – and the broker filed an ethics complaint. How is it a violation to give a seller honest advice?
U.S. Housing Market at a Crossroads
Homes were overpriced in early 2022 – so is the current market a housing recession or just a market correction? Experts disagree and it’s too soon to know.
Mortgage Rates Rise 1/10 of a Point to 5.66%
Freddie Mac says the second notable increase in as many weeks comes “at a particularly vulnerable time for the market as sellers recalibrate their pricing.”