The average for a 30-year, fixed-rate loan moved higher for the seventh week in a row. Last week it averaged 7.63%; a year ago, it was 7.08%.
Follow up until people “buy, die or file a restraining order,” says one RE coach – and basic skills aren’t enough to succeed in today’s rapidly changing market.
Albany, N.Y., homes went under contract in 8 days in Sept., followed by Rochester (9) and Grand Rapids, Mich. (9). In 8 Fla. metros, it ranged from 25-58 days.
To boost security, HUD Homestore and other loan tools will require users to prove their identity. HUD will send a code to registered devices that users must confirm.
It’s a slight gain, but NAR’s chief economist says pending sales “remain at historically low levels.” Year-over-year, pending transactions were down 11%.
A Texas hotspot (Austin) lost residents for the first time, while Orlando, North Port-Sarasota, Tampa, Cape Coral and Miami made the top 10 for incoming residents.
With too-few existing homes listed for sale, more homebuyers opted for new construction, which saw sales rise 12.3% month-to-month and 33.9% year-to-year.
The state’s “insurer of last resort” is a last resort for fewer Floridians. Recent depopulation efforts have reduced its coverage count by almost 100K policies.
The My Safe Florida Home program has more applications than funding, but the Legislature may consider more money during a recently scheduled special session.
It’s okay to include a floor plan in a listing, ruled a federal judge. He said it's “fair use” and doesn’t infringe on architectural-design copyright laws.
