Experian: New Way to Include On-Time Rent
Rent can automatically be included in credit scores via a new beta test rolled out by Experian. The company says it improves qualified renters scores by 14 points.
Money ‘Rules’ Slow Millennial Buyers
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Fla. Lawmakers Eye $175M in Local Projects
A Legislative budget commission will consider more than 230 local projects after 971 funding requests, though none vetoed in the latest budget will be considered.
Fla. Considers Property-Insurer Ratings Change
Ratings-company Demotech has the indirect power to shut down insurers if it lowers their grade, and its future is being reconsidered after it dinged 17 companies.
Wall Street Players Boost Build-to-Rent Market
Faced with a low inventory of for-sale homes, investors are building for-rent single-family homes – a new-home niche up 91% year-to-year in the second quarter.
Better Now to Rent or Buy? It’s Complicated
Mortgage bankers say a mortgage payment in the second quarter was 1.5 times higher than asking rent – but rents keep rising and buying locks in financial certainty.
RE Q&A: Should I Sue for My Condo Flood Damage?
A condo dweller says a faulty valve in the unit above him flooded his home – but the owner above him has no insurance. Must he sue to recoup damage costs?
Writer’s Block? 8 Resources for RE Ideas
Technology has taken some pressure off writers bereft of ideas by aggregating recent headlines and suggesting blog topics based on preferred keywords.
Bankrate’s Best State for Retirement in 2022? Florida
In a study heavily weighted for affordability, Fla. “unsurprisingly took the top spot,” while Alaska, despite its affordability, came in last.
ARM Loans Hit Highest Level in 15 years
In June and July, 12% of mortgage borrowers opted for an ARM – a money-saving tactic that offers a bit more risk. And it’s not just used by lower-income buyers.