THE VILLAGES, Fla. — As one of the world’s largest retirement communities, The Villages in central Florida is known for its endless golf courses, having the oldest median age in the United States and its traffic-stopping golf-cart parades usually supporting a Republican candidate during campaign season. What it’s not known for is kids. Yet the … Read more
NEW YORK – Thanks to the pandemic-fueled housing boom, Americans are sitting atop a massive pile of home equity. As a result, many face a decision: Should they borrow against their homeownership stake to support spending for various goals? To gain insight into how homeowners view their equity wealth, Bankrate asked for their opinions. Among … Read more
The plans also include expanding low-cost financing and reducing federal regulations to help construction efforts. WASHINGTON – The Biden administration on Tuesday unveiled a series of new reforms and a list of other federal actions aimed at driving up housing construction in the United States to build on already-historic levels new housing driven by a … Read more
Jacksonville, Orlando and Tampa are among the top rental markets in the state offering concessions. The U.S. rental vacancy rate held steady at 6.6%. SEATTLE – More property managers offered concessions on their rentals in July as rent growth slowed, new data from Zillow reveals. The post-pandemic construction frenzy continues to help soften rent growth. … Read more
Buyers may hear they need a 20% down payment to buy a home, but that’s not set in stone. Many mortgages require as little as 3% or 3.5% and some have no minimums. SOUIX CITY, Iowa – You might have heard you’ll need a 20% down payment to buy a home. While there’s a reason … Read more
As mortgage rates retreat from 23-year highs, home loan applications rose 16% last week, the highest level in two years. Refinancings were up 60% vs. a year ago. LOS ANGELES (AP) – A recent pullback in mortgage rates is spurring more homeowners to refinance their home loan and lower their monthly payments. The Mortgage Bankers … Read more
Due to a multi-decade low for housing affordability conditions and other factors, the U.S. homeownership rate remains the lowest in the last two years. WASHINGTON, D.C. – The U.S. homeownership rate was 65.6% in the second quarter of 2024, unchanged from the first quarter, according to the U.S. Census Bureau’s Housing Vacancies and Homeownership Survey … Read more
New HUD policy changes will enable veterans with service-connected disability benefits to access more housing opportunities. WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) unveiled new policy changes aimed at expanding access to supportive housing for veterans by excluding service-connected disability benefits from income calculations. The change to the HUD-VA Supportive Housing … Read more
Join colleagues at Florida Realtors Convention & Trade Expo, Aug. 21-22, 2024. Preregistration closes Monday. ORLANDO, Fla. – Success strategies from top real estate leaders, how-to education sessions, the chance to network with other industry professionals and the latest in high-tech devices: That’s what the 2024 Florida Realtors® Convention & Trade Expo offers – opportunities to … Read more
U.S. home prices posted a 4.7% year-over-year gain in June. Miami outpaced San Diego, Calif., in June for the metro with the greatest price growth. IRVINE, Calif. – U.S. year-over-year home price gains inched down, reaching 4.7% in June, falling further from the previous month’s 4.9% in what will likely be a continual slide throughout … Read more
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