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.
Airbnb’s Message to Renters: The Party’s Over
The short-term rental company says parties at its properties dropped 44% in one year, so a ban works – but it also suspended 6,600-plus guests who broke the rules.
Thousands of Citizens Customers To Get Rate Break
Fla. regulators turned down the “insurer of last resort’s” full rate-hike request. Instead, the policy increase will average 6.4%, and 57K Fla. owners will see a smaller bill.
DeSantis Signs Miya’s Law, Updates Tenants’ Rights
Miya’s Law creates new rules, some of which impact landlords. Highest profile one is that a maintenance and repair “reasonable notice” rises from 12 to 24 hours.