Author: uspr1-sysop-727727

Most Popular Home Trends by State

What’s trending and where? Confused.com, a home insurance resource, took its annual look at the latest trends for homes across the U.S. In New Mexico, residents are loving Japanese home-inspired styles (like white walls and “zen” finishes) while Maine, Massachusetts and New Hampshire residents are showing more favor for Tuscan styles (with terracotta, iron finishes,…
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Another Florida homeowners insurance company goes under

TALLAHASSEE — Saddled with financial losses and lacking reinsurance for this year’s hurricane season, another Florida property-insurance company is headed toward receivership. The Florida Department of Financial Services late Monday filed a petition in Leon County circuit court to be appointed as a receiver for Southern Fidelity Insurance Co. The petition described Southern Fidelity, which…
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Top U.S. Relocation Destinations? Miami and Tampa

Homebuyer migration remained at an all-time high in April and May, with 32.3% of Redfin.com users nationwide looking to move to a different metro area, according to a new report. The percentage is unchanged from a record set in the first quarter but up from about 26% before the pandemic began. Homebuyers aren’t just chasing…
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New Laws End Roofer-Advertising Court Fight

TALLAHASSEE, Fla. – A federal judge dismissed a First Amendment fight about part of a 2021 property-insurance law aimed at curbing advertising by roofers after the Florida Legislature revamped the law last month. Chief U.S. District Judge Mark Walker dismissed the case Friday after attorneys for the plaintiffs and the state said it was moot.…
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Did the ‘Lumber Bubble’ Burst? Prices Drop 12%

Since the pandemic, lumber prices have skyrocketed to record highs during the pandemic and pushed new-home construction costs higher. But prices are now coming down. Lumber prices fell 12% last week, reaching a new low in 2022. That could be welcome news for new-home buyers and builders. Over the past year alone, the swings in…
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U.S. Home Prices Rise at New Record Rate, Case-Shiller Shows

The numbers: U.S. home prices rose again in March even as higher mortgage rates began to bite, leaving prices at all-time highs. The S&P CoreLogic Case-Shiller 20-city price index was up a record 21.2% year over year while the federal government’s price tracker climbed 19% in the same span. The Case Shiller index rose 3.1%…
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Increasing Number of Sellers Drop Asking Price

Price drops are increasingly common, particularly in hot migration destinations, according to a new report from Redfin. In Florida, the study found that one out of three Cape Coral sellers dropped their price this April compared to only 18.5% in April of 2021. Of the 11 Florida cities included in the study, Cape Coral topped…
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After You Sell Your House, Make Sure You Do These 10 Things

1. Keep copies of all paperwork related to the closing and settlement after you sell your house Although it might be tempting to shred the paperwork or put it in storage, you’ll want to have it handy for April 15. When you file your taxes, you’ll need documentation for the expenses and proceeds of the…
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New-Home Construction Improves Despite High Inflation, Rising Mortgage Rates, and the Shortage of Skilled Labor and Materials

The numbers: U.S. home builders started construction on homes at a seasonally-adjusted annual rate of roughly 1.79 million in March, representing a 0.3% from the upwardly-revised figures for the previous month, the U.S. Census Bureau reported Tuesday. Compared with March 2021, housing starts were up nearly 4%. Permitting for new homes occurred at a seasonally-adjusted…
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Fla.’s March Median Prices Up, Supply Tight

ORLANDO, Fla. – Florida’s housing market in March and 1Q 2022 showed the impact of rising mortgage rates, increased home prices and a shortfall of for-sale supply, with fewer closed sales compared to a year ago, according to Florida Realtors®’ latest housing data. “Buyers and sellers in Florida in March continued to see rising mortgage…
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