The Daily (122016) Hot Sheet Of Top Real Estate News Trending Now
With Fed hike done deal, economists eye next one
All things being equal - meaning the U.S. economy keeps improving and new batches of data prove it - the Fed might raise short-term interest rates again in March. Read more
Failure to qualify for a mortgage: Top 3 reasons
One out of eight mortgage applications ends in rejection, with a Fed study finding a high debt-to-income ratio as the top reason (23.4%) followed by credit score problems (20.4%) and issues with the property valuation (13.7%). Read more
Contract-to-close took 4 days longer in 2016
In Nov. 2016, it took 3.8 days longer to close on a home than it did one year earlier, even though lenders were still wrestling with new TRID rules in Nov. 2015. Read more.
What should HOA boards do with surplus funds?
Legal Q&A: A refund to members isn't usually recommended, but the board has options. A board also has a few options for dealing with abandoned units. Read more.
Why buy a home? Top 10 benefits of ownership
It's a lot of work to buy a home, but millions of Americans do it. Why? The positives outweigh the negatives for most people who plan to stay five years or more. Read more
Santa Claus offers business start-up advice
While Santa's source of income is shrouded in mystery, he's a long-time biz owner because he found his niche, started small, had a plan and tracked cash flow. Read more
Winter Park: Hannibal Square residents fight encroaching development
Miami: 28-story towers proposed in part of Little Haiti
St. Petersburg: Downtown's condo boom shows no signs of slowing
Palm Beach: Couple parting with French-Creole-style home