Rate Increases Pressure Younger Adults to Buy Now
Buyers who can still afford a home feel they must act quickly in the face of rising mortgage rates: 36% of millennials owners said it happened earlier than planned.
RE Q&A: Are Paint Color Rules Enforceable? Maybe
If an HOA’s paint-color rules haven’t been revised in decades, they’re still enforceable if nothing changed the rules. But who created these “rules”?
DeSantis Signs $109.9B Fla. Budget Into Law
A number of Florida Realtors-backed initiatives passed but still needed signed budget items to move forward. Hometown Heroes, for example, is now fully funded.
Condo Q&A: Must a Treasurer Be on the Board?
Also: If the HOA hires a property management company, what tasks require a CAM license? And is it illegal to hire someone without a license?
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.