But U.S. metros aren’t all the same. Of the top 10 states for price declines, 8 of 10 are in the West, as Miami, Tampa and Atlanta show the biggest price jumps.
A Newsday report on Long Island, N.Y., housing discrimination led the state’s attorney general to investigate. This week she announced a settlement with Coldwell Banker.
An insurance watchdog group alleges insurers illegally reduced disaster estimates after Hurricane Ian and says it will submit the crime evidence to Fla. law enforcement.
Handwritten correspondence was once expected. Today it suggests a personal relationship and Realtor who actually cares, even though machines can now pen letters.
Census Bureau: Over a five year period (2016-2021), the number of these renters who can afford to buy rose 87%. Reasons vary, but most understand the value of ownership.
HUD announced a new office focused on equity for “not-so-privileged households” in disaster recovery efforts. Fla. and 4 counties will receive a combined $2.789B.
Multifamily starts surged 24% in Feb., suggesting future relief for renters and condo buyers, but single-family starts rose only a marginal 1.1%.
After five weeks of increases, the average rate for a 30-year, fixed-rate mortgage fell to 6.6% from last week’s 6.73%. One year earlier it was 4.16%.
Nationally, it’s 45.5%, though slightly less in the two Fla. metros noted: 41.7% in Miami (up from 31.8%) and 41.3% in Orlando (up from 33.3%).
In a change to be phased in over the next few years, homeowners with state-run Citizens Ins. must also have NFIP flood insurance if they’re covered for hurricane winds.
