HUD: $10.3B for Housing in Fiscal Year 2022
Most of the money goes toward affordable housing, but it’s also used for other HUD housing programs, such as specific aid for some at-risk populations.
Builder Optimism Plummets in May
At 69, NAHB’s confidence index remained in positive territory, but it dropped 8 points due to rising interest rates, a lack of workers and supply-side issues.
Biden Admin. Releases Housing Action Plan
Biden hopes to close the housing supply gap within five years. He announced immediate changes, but the extensive plan requires some congressional action.
Pair Arrested for ‘Stealing’ 67 Fla. Homes
Fraudsters troll obituaries seeking homeowners who died, then lie and forge documents to claim ownership, often to the surprise of the actual heirs.
A Seller’s Past Insurance Claims Can Ding Buyers
A house’s claim history can increase premiums for future coverage – or even kill a deal if it has issues that cause insurers to consider it an unacceptable risk.
As Rates Go Up, Buyers “Adjust,’ Opting for ARMs
MBA: Demand for adjustable-rate mortgages has reached a 14-year high. At the beginning of the year, ARMs made up 3% of all loans; now it’s 11%.
A Balanced Market? Early Signs of a Return
Real estate historically swings from a buyer’s market to a seller’s market, and early 2022 signs suggest it’s moving toward a more balanced market.
68,200 Fla. Insurance Policies to Be Canceled
Policies under FedNat Insurance Company and sister companies Maison and Monarch National will cancel in June, according to terms of a consent order.
Expand Your Brand: Florida Realtors 2022 Convention & Trade Expo
Florida Realtors’ can’t-miss event Aug. 24-25 offers success strategies, networking and more – like keynote speaker and icon Martha Stewart. Register now.
Google Maps Feature: ‘Immersive View’ Streets
Online buyers will soon feel as if they’re flying a drone over a potential home. It’s only in a few cities so far, but with plans to expand over time.