In The News

84% of Millennials Have at Least One Home Buying Regret

Fri, 23 Aug 19 14:08:52 +0500

But a few regrets don’t dampen overall enthusiasm for becoming a homeowner – and most regrets focused on some part of the mortgage process.  

Q&A: Beware of Any Great Condo Foreclosure Deal

Fri, 23 Aug 19 14:08:53 +0500

A buyer dipped into savings and paid cash for a cheap foreclosure condo – but the association and mortgage company have started demanding money.

The Latest Trend for Retail Space? Rage Rooms

Fri, 23 Aug 19 14:08:01 +0500

Sometimes you just need a room where you can break things. In theory, “rage rooms” give owners a place to relieve stress by throwing adult temper tantrums.  

Can Religious RE Advertising Violate Fair Housing Laws?

Fri, 23 Aug 19 14:08:43 +0500

A Va. agent is suing the state real estate board claiming that its decision to ban Christian messages on her website and in emails violates freedom of religion.

From Too Loose to Too Tight: Mortgage Market ‘Normal’ Again

Fri, 23 Aug 19 14:08:05 +0500

It was easy to get a mortgage loan shortly before the Great Recession, and almost impossible afterward. However, those requirements are eroding, and the market is close to something considered almost normal with an overall reasonable level of risk.

U.S. New home sales slid 12.8% in July

Fri, 23 Aug 19 14:08:49 +0500

Sales of new homes dropped sharply – but the drop happened after they revised June numbers upward and made that month’s sales growth the highest in 12 years.

Florida Realtors Honors Christine Hansen as 2019 Realtor of the Year

Thu, 22 Aug 19 15:08:06 +0500

Florida Realtors named Christine Hansen, 2018 president, its 2019 Realtor of the Year at a ceremony held during the association’s Convention & Trade Expo taking place in Orlando. Barbara Jordan was named Associate Realtor of the Year.

Forget Millennials — Gen Zs Are Old Enough to Buy a Home

Thu, 22 Aug 19 14:08:45 +0500

About 14 million Gen Z consumers 18 or older are taking out credit – including some mortgages – according to the latest TransUnion Insights Report.

Gov. DeSantis Sees Clean-Water Momentum — Wants More

Thu, 22 Aug 19 14:08:38 +0500

During an appearance in Bonita Springs, Gov. Ron DeSantis told clean-water advocates to keep pressing the Fla. Legislature to pass conservation measures in 2020.

$248M Settlement Reached with Chinese Drywall Maker

Thu, 22 Aug 19 14:08:57 +0500

Toxic drywall damaged homes in Fla. and other states ten years ago, and a proposed settlement was finally filed with one supplier, Taishan Gypsum Co.  

Fannie Mae Prediction: Two More Interest Rate Cuts in 2019

Thu, 22 Aug 19 14:08:16 +0500

The Federal Reserve hasn’t hinted at any new short-term interest rates cuts, but a Fannie Mae analysis suggests two more over the next four months.

Long-Term Mortgage Rates Near Historic Lows — 30-Year 3.55%

Thu, 22 Aug 19 14:08:17 +0500

Freddie Mac said Thursday that the average rate on the 30-year loan declined to 3.55% from last week’s 3.60%. One year ago, the rate was 4.51%.

Scammers Now Targeting Equifax Credit Score Victims

Wed, 21 Aug 19 16:08:17 +0500

Fla.’s attorney general warns consumers about a new phishing scam: Fake websites are trying to steal from people who already lost data in the Equifax hack.

Fla.’s Closed and Pending Home Sales, Median Prices Up in July

Wed, 21 Aug 19 15:08:32 +0500

Fla. Realtors Pres. Sain: “Like the weather, July was a hot month for Fla.’s housing market.” Statewide existing single-family sales up 10.4% year-over-year, median price up 5.1% to $268K; condo sales up 4.3%, median price up 4.4% to $188K.

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