Families Must Spend 38% of Income on Mortgage

A new NAHB/Wells Fargo survey also found a typical family would have to pay 36% of their income for a median-priced existing home.
Read MoreHandling a Surprise Special Assessment

When a closing attorney told the buyer about a pending special assessment on a condo purchase, the buyer was shocked. Now what?
Read MoreTips for Getting the Best Mortgage Rate

Some strategies to get the lowest mortgage rate include taking control of a debt-to-ratio income and maintaining a strong employment record.
Read MoreU.S. Consumer Confidence Increases in May

After three months of declines, confidence among U.S. consumers ticked up though they remain anxious about inflation. Analysts were expecting the index to drop again.
Read MoreCan I Do Anything About My Neighbor’s Leaves?

What should a homeowner do when the wind blows the leaves from the neighbor’s tree to his side of the fence? Remove them.
Read More2 Florida Beaches Make Dr. Beach Top 10 List

Caladesi Island State Park and Delnor-Wiggins Pass State Park ranked 4 and 8, respectively, on Dr. Beach’s annual list.
Read MoreFHFA: Home Prices Rise in Three Florida Metros

The Federal Housing Finance Agency said U.S. home prices rose 6.6% between Q1 2023 and Q1 2024. Home prices continue to grow at a steady pace.
Read MoreGarages: Not Just for Cars Anymore

Garages are increasingly being converted into versatile hubs of activities for home gyms, craft areas and play nooks.
Read MoreU.S. Consumer Sentiment Falls in May

The final reading of the University of Michigan’s consumer sentiment index dropped on concerns the labor markets may weaken.
Read More‘Ingredients Are There’ for Busy Storm Season

Forecasters predict up to 25 named storms, up to 13 reaching hurricane strength and 4 to 7 hitting Category 3 or higher. The season starts June. 1.
Read MoreAR Offers Competitive Edge in Real Estate

Real estate professionals use AR in exciting ways that bring imagination to life and offer buyers immersive views of properties.
Read MoreSales Tax ‘Holiday’ Teed Up for Storm Season

The sales tax holiday that begins June 1 covers hurricane supplies, including batteries, fuel tanks and portable radios. An active season is expected.
Read MoreUsing a Second Mortgage for Home Improvement

A new survey found nearly a quarter of Americans don’t know how much home equity they have. Most ‘equity rich’ homeowners don’t understand equity loans.
Read MoreBeat High Rates With an Assumable Mortgage

Assumable mortgages, with low rates transferred from a homeowner to a buyer, are making a comeback but the process can be difficult.
Read MoreLong-Term Mortgage Rates Decline for a Third Week

The average rate on a 30-year mortgage fell to 6.94% from 7.02% last week and borrowing costs on 15-year fixed-rate mortgages dipped 6.24% from 6.28%.
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New home sales in the United States fell in April by 4.7% compared to the previous month. The average sale price nationally was $505,700.
Read More Roofing Materials That Stand the Test of Time

Roofing materials should be able to take the brunt of Florida’s weather while adding to curb appeal at the same time. Consider all of the options.
Read MorePolicymakers See Longer Path to Rate Cuts

The Fed said higher rates might be having a smaller effect on inflation because, in part, many homeowners locked in low mortgage rates during the pandemic.
Read MoreFlorida Insurers Cut or Hold Rates

Nine property insurance companies have filed for 2024 rate reductions and 10 won’t be increasing rates at all. Is your company on the list?
Read MoreAffordable and Workforce Housing Barriers Continue

Bankrate found that Florida buyers need to earn $114,771 to purchase a median-priced home. New construction can’t keep pace with the demand for affordable housing.
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