Paul Antonelli's Central Florida Blog

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Real Estate Broker/Owner - Antonelli Realty - 3137972
What's happening in Central Florida and Florida in general. Home selling news, home buying news, things to watch out for. Just an all around review of the weeks latest news that you may have missed. If you enjoyed reading the post please give it a LIKE, every little bit helps. Thank You.
Real estate-related government programs affected by the shutdown Flood insurance A National Flood Insurance Program (NFIP) lapse makes it difficult to close on homes in flood zones if a buyer requires a mortgage because many lenders require NFIP coverage. Buyers may sometimes “assume” the current...
MIAMI – Dec. 13, 2018 – According to the National Knock Deals Forecast, uses data for both predictive and historical analyses from ATTOM Data Solutions, the percent of home sellers who eventually sold for less-than-asking price in 2018 was about 2 in 3 (62 percent).Of those homes that sold for le...
NEW YORK – Dec. 11, 2018 – Baby boomers, the massive generation born between 1946 and 1964, inhabit 46 million owner-occupied homes worth an estimated $13.5 trillion.In 2006, when the oldest boomers were only 60, the 65-to-74 age group contained 9.3 million homeowners. By 2016, when the oldest bo...
At an estimated 544,000, new-home sales nosedived in October, down 8.9 percent from September and 12 percent from the prior year, according to the Commerce Department. There were 336,000 for-sale homes in October, representing 7.4-months’ supply, with a median price of $309,700.“The steep decline...
NEW YORK – Nov. 26, 2018 – Housing affordability concerns are sparking a slowdown in new-home construction. Single-family housing starts fell 1.8 percent in October compared to the previous month, the U.S. Commerce Department reported Tuesday."This month's decrease in single-family starts isn't a...
 The economy is firing on all cylinders now, but executives and economists expect a slowdown in 2019 and 2020.The big question: When will the next recession hit? Many economists see a cooling but no contraction on the horizon, while a few predict a recession in 2020.After a decade of slow-but-ste...
NEW YORK – Oct. 31, 2018 – Issues related to drone usage, image copyrights and mold have increased the risk of litigation for HOAs, according to national insurer USI Insurance Services.DronesSome residents have sued condo boards that used drones to snap photos of buildings because they also took ...
   Q: Do the courts hold an association responsible for enforcing every community rule? A: How strictly HOA rules are enforced varies from community to community. Some rules and regulations are necessary for a board to enforce, especially when a member creates a problem that could affect the hea...
From Aug. 9th 2018 - www.hignell.comOne of the most important jobs a homeowners association Board has to do is to enforce the rules of the Association. As a Board member it is part of your duty to make sure all the regulations are followed by homeowners and the Board itself. Failure to do so can ...
WASHINGTON (AP) – Oct. 11, 2018 – Long-term U.S. mortgage rates leaped this week to their highest levels in seven years amid global anxiety over rising interest rates that has gripped financial markets.Costs for would-be homebuyers are climbing. Mortgage buyer Freddie Mac said Thursday the rate o...

Paul Antonelli

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