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.
Making $67K? You Can’t Afford a Typical Home
Almost 90% of U.S. counties saw housing costs outpace wage growth in the second quarter. Households that once used 26% of income for housing were using 31.5%.
When Can You Claim $10K for Home Upgrades?
The My Safe Florida Home program will subsidize owners’ efforts to boost their home’s storm defenses – but not before the peak of the 2022 hurricane season.