NAHB’s monthly index (1-100) based on a survey of builders’ attitudes dropped 5 points to 45 in Sept., largely because of rising 7%-plus mortgage rates. WASHINGTON – Builder confidence in the market for newly built single-family homes in September fell five points to 45, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing … Read more
Daytona Beach, Gainesville and Orlando will each receive $500K, three metros out of only 14 selected by HUD for affordable housing grants. WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) announced $7 million in Choice Neighborhoods Planning Grants to 14 communities across America – and three of those 14 are in Florida: … Read more
A condo-wide A/C unit went down, and it gave residents a window unit while awaiting repairs. Should residents also get reimbursed for the cost of electricity? FORT LAUDERDALE, Fla. – Question: Air conditioning is included in our condo’s monthly maintenance fees. The chiller that cools the entire building stopped working on July 20, and we … Read more
About 22% of U.S. mortgages are assumable from a seller to a buyer – largely federal ones, such as FHA loans – and a broker advertises that option to attract customers. NEW YORK – Roam, a real-estate company that launched Wednesday, says it can popularize an obscure workaround to help today’s homebuyers get their hands … Read more
To secure a home, some U.S. buyers still agree to make up the difference when a mortgage appraisal comes in at less than the contract price – an often risky move. NEW YORK – Some buyers looking for a luxury home in a competitive market waive the so-called appraisal gap to entice a seller to … Read more
Some cities expect commercial buildings to reduce emissions or pay a tax, but both options create extra stress on pandemic-harmed structures, such as office buildings. NEW YORK – Cities are toughening their climate standards and beginning to tax buildings that don’t meet the new requirements. That forces landlords to make a difficult choice: Pay for … Read more
NAR: Buyer demand is stronger than it appears as 15%-27% of buyers (by ethnic group) wait for lower home prices and 18%-25% wait for lower mortgage rates. WASHINGTON – The current real estate market’s high home prices and mortgage rates, as well as limited inventory, are the top reasons that Realtors® and prospective homebuyers across … Read more
Residential and commercial property owners have some post-hurricane property tax options, says Citrus County Property Appraiser Cregg Dalton. CITRUS COUNTY, Fla. – If your residential or commercial property was damaged from Hurricane Idalia, there is a property tax law benefit you may be entitled to for relief. Property Appraiser Cregg Dalton said his office is … Read more
Vacation-home buyers face the same headwinds as other buyers, plus pandemic demand ended, and many have return-to-the-office orders, with loan rate locks down 50%. SEATTLE – Vacation homes were hot during the pandemic as workers freed from the office look for places where they could spread out. But that pace may have cannibalized current demand … Read more
TAMARAC, Fla. – A man posed as a dead woman’s grandson to steal her home, moving into her three-bedroom Tamarac residence, with plans to eventually sell it, the Broward Sheriff’s Office says. Braden Emdin, 38, is accused of gaining access to the home, squatting there, and then planning to flip the home for about a … Read more
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