Over $35B will be available for below-market rate loans that finance new housing construction and/or office conversions near transportation hubs.
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.
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.
The economy more than doubled from its 2Q growth rate of 2.1% – but inflation also dropped to 2.4%. Some economists think 3Q is the high water mark before a slowdown.
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.
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%.
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%.
The My Safe Florida Home program has more applications than funding, but the Legislature may consider more money during a recently scheduled special session.
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.
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.
