Recession: New Variable for Office-Space Decisions
Even companies that want workers to return to the office find it’s not that simple, and recession fears have some firms looking for ways to cut expenses.
FHA Will Ignore COVID-Era Employment Lapse
By Sept. 5, lenders must update guidelines to make it easier for salaried/hourly workers and self-employed people to qualify for a loan if they lost work during the pandemic.
States with the Most Born-And-Bred Residents?
Fla. has a lot of residents born outside the state – but one in three (35.8%) is a true Floridian. Only Nevada has a lower percentage of state-born residents.
Mortgage Rates Drop Again This Week to 5.3%
Recession fears pushed the 30-year, fixed-rate mortgage down from last week’s 5.7%, though they remain higher than the 2.9% recorded last year at this time.
Fed Concern: Consumers Worrying About Inflation
The Fed is willing to push interest rates higher, but it’s not just a supply-cost worry. If consumers expect more inflation, it can become a self-fulfilling prophecy.
Fla. Focus of 1 Out of Every 7 Out-of-State Moves
More Americans dream of moving to Fla. than other states, according to Coldwell Banker, and a high percentage of Fla. residents won’t search for a home elsewhere.
ARMs: Buyer Loan Option Tainted by Great Recession
Zero-down, interest-only adjustable-rate mortgages (ARMs) played a role in the last recession, but today’s options are safe if buyers understand the pros and cons.
1 in 10 Orlando Homes Sell to Investment Firms
Big investment firms largely ignored single-family housing until 2007, and competition between investors and homesteaders is a fundamental market change.
Most Fun States? Fla. Ranks as No. 2
Why should someone move to Fla.? Because it’s officially fun, according to a WalletHub study that looked at entertainment, recreation and nightlife.
New Law Limiting Attorney Fees Tested in Court
Citizens Ins. – the Fla. “insurer of last resort” – is helping defend a new Fla. law that limits attorney fees for “assignment of benefits” (AOB) damage claims.