MIAMI – If you have a fixed-rate mortgage, your payments will always stay the same, right? Wrong. Maybe you’ve heard the term PITI, which stands for the main components of a typical mortgage payment: principal, interest, taxes and insurance. And while the “P” and the first “I” won’t increase in a fixed-rate loan, the […]
WASHINGTON – Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items, the government said Wednesday in a report that will likely give pause to the Federal Reserve as it considers how often — or even whether — to cut interest rates this year. Prices outside the volatile […]
NEW YORK – Let’s cut right to the chase: 2024 will not be an easy year for the nation’s home buyers. The shortage of available homes will continue, which will hold prices aloft. And though mortgage rates may come down a bit throughout the year, they’ll continue to play a major role in affordability […]
News & Media TALLAHASSEE, Fla. – Pointing to changes made by state lawmakers, Florida Peninsula Insurance Co. on Thursday announced a 2% average reduction in property insurance rates for homeowners. The Boca Raton-based insurer said the reduction will take effect July 15 for new customers and Aug. 1 for customers renewing coverage. Florida lawmakers […]
Insurance insiders are optimistic about the home insurance market in Fla., saying rates are continuing to stabilize. A major hurricane could change things though.
An estimated $750 million annual revenue from a gambling compact between the state and the Seminole Tribe will go towards water-quality projects in the state.
Building a real estate portfolio can provide passive income opportunities but also comes with challenges. Investing should be done strategically.
FAU received a Florida Department of Emergency Management grant for in-water harvesting of the floating brown seaweed that clogs Florida beaches and hurts the economy.
More hopeful buyers are partnering with family or friends or renting rooms to achieve the goal of homeownership. Analysts say more homes need to be built in the U.S.
Some of the best places to live in Florida have a robust mix of great schools, nightlife, highly walkable areas and public parks, according to Niche.
Millennials and Gen Z have a more positive outlook on homebuying in today’s market than their predecessors. A majority of Americans think homeownership is achievable.
Workforce housing is in short supply in Florida. At least four housing complexes are in the works across the state to help meet affordability needs.