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The Daily 112014 Hot Sheet of Palm Beach R.E. & FL Realtor News

By Winston Heverly

Real Estate Agent with Coldwell Banker Access Realty 433494

November 20, 2014 06:12 AM

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

Thursday, November 20, 2014

TODAY'S TOP STORIES

Fla.'s housing market: Rising sales, prices in Oct. 2014

Home sales up 17.8% year-to-year, condos up 7.4%. Median sales prices up 35 months in a row. NAR: Home sales rise, first year-over-year gain since Oct. 2013. Read more.

Fed agency criticized over force-placed insurance

U.S. Senate committee says FHFA isn't moving fast enough to create a 3% downpayment mortgage product or help owners saddled with force-placed insurance. Read more.

Most lenders say mortgage approval still a challenge

Mortgage survey: 71% of lenders said they don't plan to make mortgage approval any easier because "It's not worth the risk." Read more.

RealtyTrac: Home flipping at lowest level since '09

About 4% of U.S. home sales were flips (bought and resold within 12 months) in the third quarter, with Miami and Tampa ranking in the top five. Read more.

Mortgage applications take surprising turn

The Mortgage Bankers Association reported a 5% application increase last week, but homebuyers submitted most of them - not owners trying to refinance. Read more.

NOW YOU KNOW

The risk of aiding credit-challenged clients

Buyers with poor credit or a recent foreclosure often turn to their agent for advice. If so, direct them to a reputable source that can actually provide help. Read more.