AEI/CRL: If lots of inflation-hit owners refinance to take cash out, their temporary financial fix may lead to foreclosure if the funds run out or their home value falls.
Buyers are lowering down payments thanks to inflation, high home prices and more sellers willing to negotiate. At $42K, it’s the lowest money down in two years.
The Fed hit a middle ground. A quarter-point hike suggests it’s fighting inflation and only a bit worried about banks – though it also nixed language about future increases.
In Fla., 7 agencies get part of the $2.9M under 12 grants. The money fights discrimination, and includes funds to private investigators for “testing and enforcement.”
CEO of Sage Communities: “Who ever thought that a devastating hurricane would cause a real estate boom?” Ian’s hardest-hit barrier islands are now hot spots.
A senior-housing project aimed at middle-class adults gives them an option other than “dying in my house.” The Mass. prototype charges only $1,800 per month.
A rule changed in 2020 was reinstated. As a result, HUD still considers “disparate impact” and “perpetuation of segregation” illegal forms of discrimination.
Fla.’s State Broadband Officer will use $5M from HUD to connect some of the 11% who can’t access the internet, including the 3% who have no connection options.
Florida Realtors: Closed single-family sales fell 21.3% last month amid inflation and higher interest rates, but for-sale inventory rose 131.4% to a 2.7-months’ supply.
In Feb., month-to-month home sales surged 14.5% as buyers locked in lower mortgage rates, but a 0.2% price drop is the first decline in almost 11 years.
