Tag: Real Estate FloridA

FEMA Approves $150M+ For Fla. Households

Within 10 days following a major disaster declaration for Hurricane Ian, the Federal Emergency Management Agency (FEMA) says it approved $150 million in grant money, which has since risen to $168 million in recovery grants for over 101,705 households. In addition, 20 counties are now eligible for individual assistance after FEMA approved the addition of…
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Rising Interest Rates Weigh on Home Values

According to a recent Black Knight report, house prices fell 0.77% between June and July, marking the largest monthly decline since January 2011 and the first monthly drop of any size in 32 months. As mortgage rates continue to rise and weigh on home values, some homeowners have lost wealth. Mortgage rates are now double…
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FHFA: U.S. 2Q Prices Up 17.7% – But Over 26% in Fla.

It’s hard to underestimate the strength of Florida’s current home price increases in the second quarter of 2022 based on the Federal Housing Finance Agency House Price Index (FHFA HPI). Index scores are based on mortgages – more than half of all in the U.S. – backed by Fannie Mae and Freddie Mac. Of the…
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NAR: U.S. July Home Sales Fell 5.9%

Existing-home sales sagged for the sixth straight month in July, according to the National Association of Realtors® (NAR). All four major U.S. regions included in the analysis had month-over-month and year-over-year sales declines. Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – slipped 5.9% from June to a seasonally…
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Fake Landlord Scams Orlando Renter

ORLANDO, Fla. – Isaac Aviles thought he found a good deal on a rental home in Orlando: a three-bed, two-bath house in Meadow Woods for $1,200 a month. Aviles, 19, didn’t meet the landlord but said he got “a chill vibe” over the phone. He paid a $500 deposit and his rent through apps such…
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On the House: 6 Crucial Tips for Bringing Down Your Mortgage Rate

First-time homebuyers in the market today have a litany of woes. Home prices are at record highs. Saving for a down payment is tougher than ever due to soaring inflation. And now, mortgage interest rates are much higher than they were a year ago—making monthly housing payments even more expensive. Many first-time buyers have been…
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