The Daily (062516) Hot Sheet Of Top Real Estate News Trending Now
Average U.S. 30-year mortgage edges up to 3.56%
Global economy worries, especially that the UK may leave the European Union, may play a part, but rates remain historically low. The 15-year FRM rose to 2.83%. Read more.
U.S. new-home sales tumbled in May
Commerce Dept: Sales down 6% to a seasonally adjusted rate of 551,000 from April's level. Still, new home sales are 6.4% higher year-to-date and May's new-home median sales price rose 1% to $290,400. Read more.
18% of U.S. housing markets less affordable in Q2
RealtyTrac: While that figure is up from 5% in Q1 2016, it's down from 20% of county markets exceeding historically normal home affordability levels a year ago. Read more.
What would make baby boomers move?
AARP: 80% of baby boomers say they want to age-in-place; in Tallahassee, it's 87% - though functional or economic benefits could persuade boomers to move. Read more.
More homebuyers have renovation in mind
Survey: Many buyers decide to renovate instead of buying a "perfect" home because they think it's more affordable or offers a better return on investment. Read more.
Average time to close: 45 days in May
For buyers financing a home purchase, they should expect about 45 days to close. The closing rate for all loans rose to 70%; purchase closing rates were 75%. Read more.
Lake Alfred: Officials seek grants for Gardner house
Tampa: Prices for area homes climbed again
Lake County: Affordable housing gets infusion of money
Orlando: Home prices surge beyond Florida's
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