Tag: real estate news

¿Qué hacer si un colombiano fallece y ha invertido en bienes en EE. UU.?

Según la National Association of Realtors (NAR), Colombia fue el décimo país con más participación de compras de bienes raíces en Estados Unidos por parte de ciudadanos extranjeros en el 2021. Para hacer este tipo de negocios, es muy importante tener en cuenta distintos aspectos jurídicos, para que el activo no se vuelva un dolor…
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Lawmakers Back Insurer Ratings Proposal

With one lawmaker likening Florida’s troubled property-insurance market to a “mountain tumbling,” a legislative panel last week approved a proposal to spend $1.5 million to look at alternatives for insurers to get adequate financial ratings. The move came after state officials in July publicly questioned the ratings agency Demotech, Inc., over the possibility that it…
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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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Fla. Homeowners’ Insurance Surcharges Coming

TAMPA, Fla. – Florida homeowners will see their bills go up as the state’s property insurance crisis continues. Multiple insurance providers in the state have left the market, even after a special legislative session was held to address business and homeowner needs. Now, residents themselves are footing the bill from companies pulling out of Florida.…
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Rents Coming Down – But It May Not Last

Rents are starting to come down after spiking to record levels this past summer, but experts are uncertain if the slowdown will continue. Christopher Mayer, professor of real estate at Columbia Business School, said people looking for an apartment now might have a better experience than they did in May or June. “We’re not seeing…
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Solid Fundamentals For Commercial in 2Q

In the second quarter of 2022, continued solid fundamentals reflect an ongoing healthy demand for commercial real estate across most sectors, even as concerns about a slowing economy dominate the outlook. Despite uncertain economic conditions, the apartment and industrial sectors saw near-record and record levels of construction, respectively. The office and retail experiences were considerably…
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Mortgage Rates Rise 1/10 of a Point to 5.66%

Average long-term U.S. mortgage rates rose to their highest level in two months this week, providing no relief for a slumping housing market. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate rose to 5.66% from 5.55% last week. One year ago, the rate stood at 2.87%. The average rate on 15-year, fixed-rate mortgages,…
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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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New Housing Won’t Arrive Anytime Soon

The U.S. housing market is undergoing a correction after two years of unrestrained price appreciation, with higher mortgage rates squeezing out buyers who were banking on new construction. “We should anticipate fewer homes being built over the next 12 months,” says Zonda chief economist Ali Wolf. “The new-home market is struggling right now. Demand has…
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¿Invertir en la Florida? Los colombianos cada vez más se interesan en inmuebles en EE. UU.

¿Invertir o gastar? La respuesta parece muy fácil, pero depende del nivel de vida que quiera cada individuo del planeta. Es claro que darse lujos parece ser muy importante para algunos, pero el ahorro en momentos de una difícil situación económica como la que vive la humanidad parece ser más inteligente. Muchas son las formas…
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