Florida's housing market is heading for a wait-and-see tango in 2024. High prices and interest rates might keep both buyers and sellers on the sidelines, cautiously watching for the next move....
Real Estate & Mortgage News
Residents face the highest premiums in the country, raising concerns for homebuyers and real estate investors. Avg annual home insurance costs exceed $4,200, significantly surpassing the national avg of $1,700....
Gradual Rise in Prices: Median home prices in Florida are slowly increasing.Regional Variations: Price changes vary across the state, with areas like Miami experiencing higher jumps....
Down Payment Resource released its Q4 2023 Homeownership Program Index report, showing a 6% increase in homebuyer assistance programs. The report highlights trends in program expansion, including support for manufactured homes, multi-family properties, and specific buyer demographics. The report also provides detailed findings on the types and funding sources of these programs. Continue to full...
The haves and have-nots: - Wealthier people self-insure or pay off mortgages, while some low-income families risk going uninsured. Young families hit hard: - Homeownership affordability drops for younger generations due to insurance costs....
Valentine’s Day occurs every February 14 around the world, and candy, flowers and gifts are exchanged between loved ones, all in the name of St. Valentine Valentine greetings were popular as far back as the Middle Ages, though written Valentine’s didn’t begin to appear until after 1400. By the middle of the 18th, it was common for friends and lovers of all...
Living costs in Florida are rising; affordability varies across regions like Southwest Florida. The renter would spend 30% of their monthly income on rent....
Assess your finances before buying a home, save money, and consider different mortgage types. Make sure your credit score, debt, and income are in good shape. Be prepared for the costs of buying and owning a home. Research different mortgage lenders and apply for pre-approvals to find the best rate. Consider high-yield savings accounts as an alternative to CDs for earning better yields on your...
Landlord access: - Requires reasonable notice except in emergencies. Permitted reasons: - Inspections, repairs, showing the property. Timing: - Must be within reasonable hours. Tenant rights: - Can refuse entry if notice is not given or exceeded, and take legal action for violations. Always consult: - Talk to an attorney for specific guidance on your rights....
The ongoing home insurance crisis in Florida may lead to a downturn in the real estate market and mortgage struggles. Major insurers have stopped selling new policies in the state, leading to residents paying the highest premiums in the US. The high cost of insurance could make it harder to obtain mortgages, impacting the housing market. Additionally, extreme weather events and growing climate change...