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The Daily 072613 Hot Sheet of Palm Beach Real Estate & FL Realtor News

By Winston Heverly

Real Estate Agent with Coldwell Banker Access Realty 433494

July 26, 2013 05:50 AM

The Daily Hot Sheet of palm Beach Real Estate & FL Realtor News

Friday, July 26, 2013

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TODAY'S TOP STORIES

Average rate on 30-year loan falls to 4.31%

It's down from 4.37 percent last week but nearly a full percentage point higher than in early May. Few experts predict a further decline. Read more.

Fla. school ratings decline under new standards

Buyers shopping for good schools may be taken aback. State has 39% fewer "A" schools this year and 167% more "D" schools under stricter testing standards.
Read more.

Renters say homeownership a top priority

NAR survey: Now, more than in past three years, renters are considering a home purchase. They overwhelmingly believe it's a good financial decision. Read more.

Chinese buyers fastest growing international niche

They're especially eager to invest in North American real estate and expected to spend $114 billion on overseas property by 2015. Read more.

UBS paying $885M to settle U.S. claims on bonds

The U.S. sued 18 banks, alleging they sold shoddy bonds to Fannie and Freddie and led to the mortgage meltdown. So far, three have settled. Read more.

NOW YOU KNOW

Coming soon: 360-degree view of all Fla. beaches

Google says it will record 825 miles of Florida beaches. Once finished, coastal Realtors can show local beauty simply by adding a link to a listing. Read more.