Mortgage Rates Drop to 2020’s 14th Record Low: 2.71%
It’s only a slight drop from last week’s 2.72%, but it’s enough to break another record. One year ago, the rate for a 30-year mortgage loan averaged 3.68%.
It’s only a slight drop from last week’s 2.72%, but it’s enough to break another record. One year ago, the rate for a 30-year mortgage loan averaged 3.68%.
Florida Realtors economist: Gen Z (oldest members turn 25 this year) faces unique obstacles with a pandemic marking their entrance into adulthood. Here’s what we know right now about their homeownership potential.
A pandemic-inspired push from cities to suburbs has sparked interest from investors who see profit in buying build-to-rent homes to lease to those urban relocators.
The limit for Title II and reverse mortgages rises from this year’s base of $331,760. In high-cost areas, the limit can go as high as $822,375, up from $765,600 in 2020.
Also: Fla. law gives unit owners more power to upgrade to hurricane standards – but a condo complex can’t have an array of different windows. How does that work?
NAR’s Real Estate Forecast Summit goes virtual this year – but you must register. Seven sessions (Dec. 10, 11 a.m.-3 p.m.) will provide an overview of the year ahead.
SB 374, one of the last bills signed by Gov. DeSantis this year, prohibits “discriminatory restrictions” from any title transaction recorded in the state. Until now, those restrictions could be added or allowed to remain in any title transaction – they just weren’t enforceable in court.
A Realtor’s friend and colleague works at a different brokerage, and per a seller’s instructions, she must ban the entire brokerage from representing a buyer if she wants a listing. It’s a personal problem but is it a Code of Ethics problem? Can she ban a single business from the transaction?
SB 374, one of the last bills signed by Gov. DeSantis this year, prohibits “discriminatory restrictions” from any title transaction recorded in the state. Until now, those restrictions could be added or allowed to remain in any title transaction – they just weren’t enforceable in court.
“How can I get the seller to accept MY offer?”, buyers wonder in today’s heated, multiple-offer market. In some areas of the country, “love letters” – a note from buyer to seller praising the home – are common. But some of the letters flirt with Fair Housing Act violations.