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.
Daytona Beach, Gainesville and Orlando will each receive $500K, three metros out of only 14 selected by HUD for affordable housing grants.
Fla.’s state-operated “insurer of last resort” lowered its earlier request to an average 11.5% increase, with commercial complexes, including condos, rising 10.2%.
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.
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.
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.
A tool on realtor.com helps investors estimate potential profits, but it can also help current owners decide if “rent it out” is a better financial idea than selling.
The PACE program helps owners upgrade their home, but Miami-Dade County, which has the lion’s share of the Fla.’s PACE agreements, could seek stricter regulations.
Property insurance costs aren’t completely under human control. NOAA says 2023 has had 23 billion-dollar-plus disasters so far due to changes in the climate.
U.S. households had 8.8% less to spend in 2022 (after taxes) than they did in 2021 due in part to 2021’s pandemic checks and expiring tax credits, such as some for childcare.
