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The Daily 121114 Hot Sheet Of Palm Beach Real Estate & More

By Winston Heverly

Real Estate Agent with Coldwell Banker Access Realty 433494

December 11, 2014 12:57 PM

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

Thursday, December 11, 2014

TODAY'S TOP STORIES

Fla. returns to No. 1 foreclosure position

The state improved substantially year-to-year. By metro area, however, Fla. cities ranked as 8 of the top 10 foreclosure hotspots, according to RealtyTrac report. Read more.

FHA's 90-day flipping ban returns Jan. 1

A post-recession waiver allowed property flips in less than 90 days, but FHA announced that the wavier will expire at the end of 2014. Read more.

House renews government terror insurance backstop

However, the Senate must consider the bill next, and opposition to an unrelated amendment within the bill may hinder passage. Read more.

2015 delinquent mortgages to hit pre-recession level

TransUnion: U.S. foreclosures will hit their pre-recession level in 2015, though not the historic norm of 1.5-2%. Fla. has lost 1M mortgages since the recession. Read more.

CEO: Citizens Ins. won't need taxpayer help in 2015

Even if a once-in-a-century storm hits Fla. next year, the state-owned "insurer of last resort" says it won't need a taxpayer bailout to help pay expected claims. Read more.

NOW YOU KNOW

Photo-sharing Instagram more popular than Twitter

Instagram grew by 100 million users in only nine months. Based on total number of users, it's now more popular than social-network rival Twitter. Read more.