short sales: TOP STORIES: Mortgage Rates Tick Up to 2.9%, Remain at Historic Lows
- 10/26/20 06:38 PM
TOP STORIES:
Mortgage Rates Tick Up to 2.9%, Remain at Historic Lows
Freddie Mac reported that the average rate on the 30-year home loan edged up to 2.90% from last week’s 2.87%. One year ago, the 30-year FRM averaged 3.64%. Read more
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short sales: TOP STORIES: New Home Sales Surge 4.8%
- 10/26/20 06:33 PM
TOP STORIES:
New Home Sales Surge 4.8%
The August surge follows a 13.9% increase in July as low interest rates and a skimpy existing-home inventory drive buyers to new construction. Read more
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short sales: TOP STORIES: FHFA: Housing Prices Rose 1% in Only One Month
- 10/26/20 06:29 PM
TOP STORIES:
FHFA: Housing Prices Rose 1% in Only One Month The federal agency behind Fannie Mae and Freddie Mac says July home prices rose 1% above June home prices and 6.5% in a year-to-year comparison. Read more
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short sales: TOP STORIES: Investors Ready for ‘Bonanza’ in Housing Deep-pocket investors
- 10/26/20 06:24 PM
TOP STORIES:
Investors Ready for ‘Bonanza’ in Housing Deep-pocket investors – notably the mega companies that buy single-family homes and turn them into rentals – expect a rash of foreclosures to start appearing in 2021. Read more Pensacola's Real Estate Q&A? What is Title Insurance, Escrows and closings explained in simple terms? GET REAL ANSWERS
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short sales: TOP STORIES: Fla.’s Housing Market: Sales and Median Prices Rises
- 10/26/20 06:52 AM
TOP STORIES:
Fla.’s Housing Market: Sales and Median Prices Rises Florida Realtors’ data: More sales, higher median prices, more new pending sales and more new listings year-over-year. Single-family sales up 8.8%; condo sales up 10.3% – and sales in the upper price tiers paved the way for the surge, says Chief Economist Dr. Brad O’Connor. Read more
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short sales: TOP STORIES: HUD: Over Half of Renters Spend 30%-Plus for Housing
- 10/26/20 06:46 AM
TOP STORIES:
HUD: More than Half of Renters Spend 30%-Plus for Housing
The American Housing Survey found that 51.4% of renters spend 30% or more of their family income on housing; 13% of households with someone 55 years of age or older live in an age-restricted community; and 11.3% of all households had cockroaches within the past year. Read more
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short sales: TOP STORIES: Florida is home 2 Out of the 5 Top -Flip-Increase Cities
- 10/26/20 06:41 AM
TOP STORIES:
Fla. Home to 2 Out of the 5 Top Home-Flip-Increase Cities
ATTOM: At No. 2, home flips in Fort Myers grew 20.2% in 2Q, while in No. 3 Tallahassee, they rose 16.8%. Salisbury, Md., saw the biggest increase at 45.8%. Read more
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short sales: TOP STORIES: Borrowers Who Don’t Think They Can Get a Mortgage, But Can
- 10/18/20 05:58 PM
TOP STORIES:
Borrowers Who Don’t Think They Can Get a Mortgage, But Can
Many people don’t think they can get a mortgage, but a foreclosure or a limited credit history aren’t deal breakers – even non-U.S. citizens can qualify. Read more
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short sales: TOP STORIES: From a Stable Job to a Tent: A Waiter’s Homeless Struggle
- 10/18/20 05:55 PM
TOP STORIES:
From a Stable Job to a Tent: A Waiter’s Homeless Struggle
When the restaurant he worked at shut down due to the pandemic, an Orlando waiter was laid off indefinitely. While waiting on Fla.’s unemployment system, he lost everything. Read more
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short sales: TOP STORIES: The Pandemic Hasn’t Stopped Property Values from Rising
- 10/18/20 05:52 PM
TOP STORIES:
The Pandemic Hasn’t Stopped Property Values from Rising
In S. Fla., for example, records show home values rose from 2019, meaning it could bring higher tax bills as the region deals with financial worries from COVID-19. Read more
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short sales: TOP STORIES: 3 in 4 Mortgage Holders Could Benefit from Refinancing
- 10/18/20 05:50 PM
TOP STORIES:
Study: 3 in 4 Mortgage Holders Could Benefit from Refinancing
Black Knight: 19.3M homeowners could benefit from refinancing, the largest number of potential refinance candidates on record, saving about $300 monthly on average. Read more
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short sales: TOP STORIES: DIY Improvement Likely to Be Habits with Staying Power
- 10/18/20 05:46 PM
TOP STORIES:
Home Improvement, DIY Likely to Be Habits with Staying Power
Home Depot, Lowe’s and other stores are seeing a greater demand for supplies as homeowners fix up their nests during the pandemic. Outdoor projects are popular. Read more
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short sales: TOP STORIES: Fed’s Near-Zero Rates May Last Years
- 10/18/20 05:42 PM
TOP STORIES:
Fed’s Near-Zero Rates May Last Years
Until the economy reaches full employment and inflation runs "moderately" above its 2% goal for "some time,” the Fed is likely to keep its key interest rate near zero. Read more
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short sales: TOP STORIES: Majority of Young Adults Now Living with Their Parents
- 10/18/20 05:39 PM
TOP STORIES:
Majority of Young Adults Are Now Living with Their Parents
Pew Research Center: Due to COVID-19, 52% of 18-to-29-year-olds – about 26.2M – now live with their parents, surpassing the previous peak during the Great Depression. Read more
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short sales: TOP STORIES: U.S. Home Building Slides 5.1% After Months of Gains
- 10/18/20 05:36 PM
TOP STORIES:
U.S. Home Building Slides 5.1% After Months of Gains
Commerce Dept.: Building permit applications dipped 0.9% to a seasonally adjusted 1.47M; however, the drop-off in new home starts was greater than analysts expected. Read more
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short sales: TOP STORIES: Homeownership Rate Rises Close to Housing Boom Levels
- 10/18/20 05:34 PM
TOP STORIES:
Homeownership Rate Rises Close to Housing Boom Levels
In 2Q 2020, the U.S. homeownership rate rose to 67.9%, its highest level in 12 years, as low mortgage rates and COVID-19 prompt more Americans to want their own home. Read more
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short sales: TOP STORIES: Q&A Buying a Foreclosed Home from the Bank – Bad Idea?
- 10/18/20 05:31 PM
TOP STORIES:
RE Q&A: Buying a Foreclosed Home from the Bank – Bad Idea?
REO or real estate owned foreclosures can offer good deals but watch for downsides that can occur with any foreclosure, like maintenance or permitting issues. Read more
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short sales: TOP STORIES: It Hasn’t Been This Hard to Get a Mortgage in 6 Years
- 10/11/20 05:46 PM
TOP STORIES:
It Hasn’t Been This Hard to Get a Mortgage in 6 Years
Due to tight supply, MBA’s credit availability Index fell 4.7% in Aug., the lowest since March 2014; however, home lending is still expected to hit a 15-year high in 2020. Read more
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short sales: TOP STORIES: Canadians Delaying Fla. Visits Until COVID-19 Eases
- 10/11/20 05:42 PM
TOP STORIES:
Canadian Snowbirds Delaying Fla. Visits Until COVID-19 Eases
Travel decisions likely are contingent on how much longer the U.S.-Canadian border remains shut or if Florida’s COVID-19 cases rise or fall in the next few months. Read more Pensacola's Real Estate Q&A? What is Title Insurance, Escrows and closings explained in simple terms? GET REAL ANSWERS
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short sales: TOP STORIES: He Shed, She Shed: Desire for Office Space Sparks Demand
- 10/11/20 05:38 PM
TOP STORIES:
He Shed, She Shed: Desire for Office Space Sparks Demand
More homeowners who “made do” using the kitchen table as an office are putting in sheds. One sales company says interest in a a new shed rose 400% this summer. Read more
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