WASHINGTON – President Joe Biden unveiled a proposal Tuesday to take aim at high housing costs, but his call to cap rent increases at 5% per year on large landlords has housing groups concerned. Leaders of these groups, including the National Association of Realtors®, are speaking out against Biden’s rent cap plan, saying it […]
News & Media By Jim Turner TALLAHASSEE, Fla. – The state has stopped taking new applications for a popular home-hardening program, less than a month after a new round of funding became available. The Department of Financial Services said online that funding has been “exhausted” for initial inspections in the My Safe Florida Home […]
News & Media WASHINGTON – The U.S. Federal Reserve, the Federal Deposit Insurance Corp., Consumer Financial Protection Bureau, the Federal Housing Finance Agency, the Office of the Comptroller of the Currency and the National Credit Union Administration issued a final rule to address potential abuses related to the use of artificial intelligence and other […]
NEW YORK – Whether you just became a homeowner or bought a house years ago, keeping it clean is always a priority. Nevertheless, there are some tasks that you probably avoid because you think they’re time-consuming or difficult. If you don’t do these cleaning and maintenance tasks regularly, you inadvertently worsen your life. As […]
News & Media WASHINGTON – U.S. mortgage applications increased in the week ending July 12, after declining in the past three weeks, according to weekly survey results from the Mortgage Bankers Association. Mortgage applications rose 3.9% from the previous week, when they fell 0.2%, the MBA said. The Market Composite Index, which measures mortgage […]
News & Media TALLAHASSEE, Fla. – With 2.7 million septic tanks buried in Florida and an estimated half of those more than 30 years old and 9.5% continuously failing, Florida is facing mounting environmental and water-quality challenges. In response, lawmakers in 2023 approved water quality legislation with new requirements and deadlines for septic system […]
WASHINGTON – Foreign buyers purchased $42 billion worth of U.S. existing homes from April 2023 through March 2024, retreating 21.2% from the prior 12-month period, according to a new report from the National Association of Realtors®. International buyers purchased 54,300 properties, down 36% from the previous year and the fewest number of homes bought […]
News & Media By Alex Veiga LOS ANGELES – The average rate on a 30-year mortgage dropped this week to a four-month low, a welcome decline in borrowing costs for prospective homebuyers grappling with the challenge of record-high home prices and a dearth of properties on the market. The rate fell to 6.77% from […]
WASHINGTON – Mortgage rates that averaged 6.92% in June per Freddie Mac, along with elevated rates for construction and development loans, continue to put a damper on builder sentiment. Builder confidence in the market for newly built single-family homes was 42 in July, down one point from June, according to the National Association of […]
NEW YORK – Whether you just became a homeowner or bought a house years ago, keeping it clean is always a priority. Nevertheless, there are some tasks that you probably avoid because you think they’re time-consuming or difficult. If you don’t do these cleaning and maintenance tasks regularly, you inadvertently worsen your life. As […]
NEW YORK – The digital landscape is transforming every passing second. Businesses should jump on the bandwagon and join the digital masses. But how can you find your way around the dynamic web? Most digital marketing agencies gives us seven easy steps, giving you the information you need to create a successful digital marketing […]
WASHINGTON – Elevated interest rates for home mortgages and construction and development loans kept single-family production and demand in check during June. Overall housing starts increased 3% in June to a seasonally adjusted annual rate of 1.35 million units, according to a report from the U.S. Department of Housing and Urban Development and the […]