Fla. Condos Start to See Impact of Surfside Collapse
The tragedy rattled a Fla. insurance industry that was already struggling. One Palm Beach condo complex expected a 25% increase – but coverage rose by 82%.
Some Owners’ Theory: Sell Now, Rent, Buy Later
Home prices took a dive during the Great Recession and some homeowners think that will happen again, so they’re selling now and waiting for bargains to arrive.
Buyers Freaking Out Over Loan Rates?
Every buyer in every real estate cycle faces challenges. Buyers who can keep things in perspective still qualify for mortgages and sign contracts for homes.
30-Year Mortgage Rates Ease a Bit, Hit 5.7%
Stock market and inflation fears hurt the economy, but increased economic pain can often lower mortgage rates if investors flock to mid-term bonds.
Higher-than-Expected Rents: 6 Fla. Metros in Top 10
A study by FAU and two other universities compares current rents with “historical trends” found Miami No. 1 in the U.S., with rents 22.7% higher than historically expected.
Moody’s: Housing Correction Coming – but No Crash
The Fed’s interest rate hikes will cause the “pendulum to swing back down” some places, but no crash if vacancies stay low and underwriting standards remain high.
More Renters May Qualify for a Loan After July 10
If renters paid their landlord on time for a year, they can share that info with Freddie Mac to improve their chance for mortgage approval or lower their interest rate.
New Fla. Real Estate Laws Go into Effect July 1
A number of real-estate-related bills passed in the 2022 Florida Legislature and were signed by Gov. Ron DeSantis, including the Hometown Heroes program.
New Homes: Could Falling Costs Offset Higher Rates?
The cost of lumber is falling and new-home demand softening thanks to current housing prices and rising interest rates. Could a supply-demand balance be here soon?
Homeowners Should Plan for Summer Holiday Safety
Many Fla. residents may celebrate July 4th away from home. Florida Realtors: Share home safety tips with owners like setting timers on lights in some rooms.