FHA Foreclosure Plan Moves Money to Backend
It doesn’t make sense to refinance at-risk FHA loans due to higher interest rates, so the latest plan simply offers a reduction and extends the mortgage payoff date.
Read MoreLive Local Act Helps Affordable Housing Developers
The Florida Realtors-backed housing bill passed this year – Live Local Act – creates multiple, broad-based incentives to spur construction of affordable housing.
Read MoreNAR ‘Actively Involved’ in Condo Finance Rules
After the Surfside tragedy, FHFA issued temporary condo-lending rules. Those rules will change, and NAR is part of the discussions – but it can’t legally talk about it.
Read MoreIs It Easy to Steal Your Clients’ Data?
Brokers’ files often have Social Security numbers, bank account information and driver’s license copies – the top targets of fraudsters. It’s important to keep that info safe – and have an internal system that provides legal protection if that fails.
Read MorePertinent Facts: Disclose vs Discover
A broker’s listing had a septic system rather than sewer, but it wasn’t disclosed. However a complaint alleging a violation of Article 2 of the Code of Ethics ended with a decision that they weren’t in violation. That’s a pertinent fact, right? How can that NOT be a violation?
Read MoreThe Listing’s a Summer Rental? Use the DD Rider
A short-term rental listing is treated differently than one with annual renters. If a home may be rented for a few weeks between listing and closing, you may want to use the DD. Seasonal and Vacation Rentals After Closing Comprehensive Rider.
Read MoreThe Most Misunderstood Form in the Library?
Judging by Florida Realtors Legal Hotline calls, the Post-Closing Occupancy Rider may be the most misunderstood. Many think it’s required for a post-closing occupancy. It’s not.
Read MoreFla.’s May Housing: Inventory Up, Median Price Flat
Florida Realtors: YOY single-family home median price flat at $419.9K, supply at 2.7 months. YOY condo median price up 0.9% to $325K, supply stands at 3.6 months.
Read MoreMortgage Rates Decline a Bit, Hit 6.67%
It’s the third weekly drop in a row and down from last week’s average of 6.69% for a 30-year, fixed-rate mortgage. A year ago, rates were 5.81%.
Read MoreInflation Isn’t as Bad as It Looks
The widely used CPI compares year-to-year prices, so if prices were steady for one year but saw a 10% increase in Jan., the next 12 months’ CPI would reflect 10% too.
Read MoreNAR: Home Sales Edge Up 0.2% in May
Home prices, however, declined 3.1% year-to-year. Price increases in the Northeast and Midwest regions failed to offset declines in the South and West.
Read MoreHome Showing Went South Real Fast
The WSJ asked RE agents about any “fear for my life” moments, and a Miami Beach Realtor story included an A/C water leak, bad wood and a near-death experience.
Read MoreHow Does First-Time Homebuyer Assistance Work?
How do you buy a house? Renters often don’t know. But first-time buyers have tools at their disposal and, oftentimes, access to mortgage assistance.
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As we all know, interest rates play a major role in the real estate market. They determine the cost of borrowing money to purchase a property, which ultimately affects the affordability of homes for buyers and the profitability of investments for real estate investors. That's why many people are interested in predicting where interest rates are headed in the near future. So, what do economists have to say about it?According to recent predictions, interest rates are expected to stabilize by 2024. This means that we may see some fluctuations in the next few years, but overall, interest rates are likely to remain relatively steady. This is good news for both homebuyers and real estate investors, as it provides some stability and predictability in the market.For buyers, stable interest rates mean that they can plan their home purchases with more confidence. They can secure a mortgage with a fixed interest rate and know that their monthly payments will remain the same for the duration of the loan. This makes budgeting and financial planning much easier, as there are no surprises in terms of interest rate hikes.For real estate investors, stable interest rates mean that they can plan their investments with more certainty. They can calculate the potential return on investment with greater accuracy, knowing that the cost of borrowing money will remain relatively constant. This makes it easier to make informed investment decisions and to execute their strategies with more confidence.Of course, it's important to keep in mind that these are just predictions, and there are always external factors that can affect interest rates. For example, changes in the economy, inflation rates, and government policies can all impact interest rates. That's why it's important to stay informed and to work with a trusted financial advisor or real estate professional to make the best decisions for your individual situation.In conclusion, economists predict that interest rates will stabilize by 2024. This provides some much-needed stability and predictability in the real estate market, which is good news for both homebuyers and real estate investors. Of course, it's important to stay informed and to work with trusted professionals to ensure that you're making the best decisions for your unique situation.
Read More Airbnb Investing? It Comes with Risks and Benefits
Airbnb ownership can be a good source of passive income flexibility for personal use. The downside: Startup costs, irregular income and an occasional unruly guest.
Read MoreJacksonville Non-Profit Wins HUD Award
The Community Foundation for Northeast Florida won the Award for Public-Philanthropic Partnerships. The nonprofit pairs private grants with groups in need.
Read MoreNonprofit’s Goal: 4M Latino Homeowners by 2030
A nonprofit organization, UnidosUS, wants to help Hispanic families build generational wealth through homeownership. Wells Fargo kicked off a $100M funding effort.
Read MoreStop Using These Top Real Estate Passwords
Some passwords are classically bad, like “123456” and “password.” But NordPass put together a list by industry, and some agents may not be as creative as they think.
Read MoreMost Common Types Of Small Biz Financing?
In movies, hopeful business owners make their case before a banker and hope for a loan. But there are more options, such as SBA loans or a line of credit.
Read MoreA Good RE YouTube Blog Can Earn You Money
A quality video blog can earn its creator $5 to $10 for every 1,000 viewers – but popularity also opens the possibility for sponsors, affiliate marketing, etc.
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