Florida Realtors News

To promote affordable housing, HUD says rental income from an accessory dwelling unit will be considered for FHA loans. It outlined the policy details yesterday.

First-timers, new to the process, want to cross all T’s and dot all I’s. Scammers use this to trick real estate novices into doing unwise things.

In Fla., median income is less in six metros and higher in three, ranging from an $88.7K yearly income in Lakeland (up 13.4% year-to-year) to $143K in Miami (up 33.4%).

Buyers have doubts now thanks to inflation, rising home prices and higher mortgage rates. While some best-practice seller tactics haven’t changed, some have.

The builder sentiment index hit 40 this month, where any number below 50 suggests more pessimism than optimism. They blame rising interest rates.

For a successful real estate business, everyday negotiations carry more weight than ones done on behalf of clients – such as seller negotiations to “trust me with your listing.”

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.

During Hispanic Heritage Month, HUD will take a closer look at housing issues, part of a larger federal effort to enhance educational and economic opportunities.

NAR Pres. Tracy Kasper says the association posted a pre-trial summary and will do the same after the trial, but it won’t be providing day-to-day updates on the case.

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.