NAR: Home Prices Slowdown ‘Inevitable’
Chief Economist Yun said in an interview that it’s “just inevitable that home price appreciation will slow down in the upcoming months.”
Clients Don’t Know What You’re Talking About
A MoneyWise survey found top recognition for “closing costs” by two-thirds of respondents, but only 38% know what “mortgage rate” means.
Why Have Mortgage Rates Been Falling?
Mortgage rates tend to follow yields in 10-year government bonds, which have been sliding. Plus without many refinances, lenders have more money to move.
Mortgage Rates Edge Down, Still Over 5%
The average 30-year, fixed-rate mortgage was virtually unchanged this week, dropping from last week’s 5.1% to 5.09%. But the 15-year loan rate moved higher.
FHFA System Will Oversee Fair Lending Laws
The “Fair Lending Oversight Data System” is now active but also open for public comments. Among other things, it will track appraiser names and license numbers.
Listing Presentation? What Are Sellers NOT Saying?
Sellers of higher-end properties often interview three agents before making a decision. Listening – and asking open-ended questions – can move you to the top.
Contractors Challenge New Insurance Law
A week after the Florida Legislature took steps to limit attorney fees in assignment-of-benefit lawsuits, an association and company filed a constitutional challenge.
Hurricane Season 2022: A Survival Guide
A storm hovering over Mexico may threaten Fla., and it’s time to prepare for the possibility of bad weather. The 2022 hurricane season started June 1 and ends Nov. 30.
State $10K Grants to Harden Homes: When Can You Apply?
Lawmakers revived “My Safe Florida Home.” Funded with $150M, homeowners can apply for $2 in aid for every $1 spent, but some details still need to be worked out.
Rising Rates Pressing Apartment Owners Too
New investors pay higher rates for acquisitions and higher mortgage rates too. As a result, some new investors are feeling pressured to keep increasing rents.