FHA will allow expected rental income from an accessory side unit to be considered for an FHA loan, the 203(k) fixer-upper program will be improved, and more. WASHINGTON – A White House press release announced new initiatives to support homeownership, though with a nod to the market’s current difficulties and a request for Congress to … Read more
At the Mortgage Bankers Association’s (MBA) convention this week, MBA honored Fifth Third Bank, U.S. Bank Home Mortgage and Atlantic Bay Mortgage Group. PHILADELPHIA – The Mortgage Bankers Association (MBA) recognized five companies as 2023 Diversity, Equity and Inclusion (DEI) Residential Leadership Award recipients during its 2023 Annual Convention & Expo held in Philadelphia this … Read more
Orlando Realtor Marc George calls music “my safe place.” His new charity collects unwanted musical instruments for children who can’t afford to buy one. ORLANDO, Fla. – A new charitable effort in Central Florida aims to place musical instruments in new loving homes with school children who need them. Re-Tune is what Orlando Realtor® Marc … Read more
The state has several nude beaches – a draw for some buyers and turn-off for others – with a U.K. company naming S. Fla.’s Haulover Beach the best in the world. MIAMI – Can you let it all hang out on a Florida beach? The Sunshine State has several official nude beaches, and a few … Read more
Most buyers or current owners considering a remodel don’t know how to do the work or who to trust with the task. To start, check licenses, credentials and public records. FORT LAUDERDALE, Fla. – Question: We need a larger house for our growing family. Considering the price of houses lately, we decided to remodel and … Read more
The BRIC grant program, which helps bolster U.S. defenses against climate change, published its “Fiscal Year 2023 Notices of Funding Opportunities.” ©Florida Realtors® Source link
It’s the highest average rate for a 30-year, fixed-rate loan in two decades – up from last week’s 7.49% as more buyers now turn to adjustable-rate loans. LOS ANGELES (AP) – Home loan borrowing costs rose for the fifth straight week, keeping the average long-term U.S. mortgage rate at its highest level in more than … Read more
A verdict in the Kansas City trial is expected Nov. 10. “NAR fundamentally disagrees with how (they’re) characterizing our rules,” says NAR’s top legal officer. KANSAS CITY, Missouri – The National Association of Realtors® (NAR), along with HomeServices of America and Keller Williams Realty, begin trial Monday in Kansas City, Mo., in the case Burnett … Read more
Developer Country Garden can’t meet debt payment deadlines. Unlike the U.S., the Chinese economy overbuilt and has too much housing supply for buyer demand. HONG KONG (AP) – Chinese property developer Country Garden warned Tuesday that it cannot repay on time a 470 million Hong Kong dollar ($60 million) loan in the latest sign of … Read more
Lawmakers are looking back on insurance changes enacted during recent sessions of the Florida Legislature and taking a “give it time to work” stance. TALLAHASSEE, Fla. – A key senator said Tuesday he does not expect lawmakers to make major property-insurance changes during the 2024 legislative session, as they continue to watch the results of … Read more
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