FHA wants to hear from the public on ways to improve its Single Family 203(k) Rehabilitation Mortgage that rolls home upgrade costs into a buyer’s first mortgage.
The NAHB index measuring builders’ attitudes rose 7 points this month to 42. While 51 and higher leans positive more than negative, it suggests better times ahead.
31% of U.S. Dec. sales were for cash, though Fla. percentages ran as high as 52% in West Palm Beach. VA and FHA loans also rose in most Fla. metro areas studied.
Given a mild drop in some metro’s home prices, more investors are taking a wait-and-see attitude. And flippers who use short-term loans are dealing with higher costs.
A Realtor with little experience can learn a lot if they’re mentored by someone with tons of experience – but how does the former find the latter?
NAR’s Realtors Relief Foundation helps people after a disaster threatens their homes, including Floridians after Hurricane Ian hit Fla. last year.
There’s been an uptick in mortgage company bankruptcies as rates rise and biz declines. For buyers, that means a possible hiccup as they head toward closing.
Flood insurance is complicated, so FEMA created a brochure for Realtors to help them answer client questions, such as, “What is an elevation certificate?”
Of those helped, 63K followed Hurricane Ian and 4K Nicole. It comes to $5.2B in grants, disaster loans and flood insurance after Ian and $19.8M after Nicole.
Unlike boomers, millennials pay less attention to marketing materials they hold in their hands, like postcards or newspapers. Digital advertising is a better way to go.
