Sunday, July 31, 2016
Saturday, July 30, 2016
U.S.’s 62.9% homeownership rate at a 51-year low
This was caused by the real estate market meltdown that begun nearly a decade ago, which was all instigated by the very aggressive Federal Reserve policy that occurred after the 9/11 attacks, The crisis affected primarily the newer buyers (minorities and younger people), who paid top dollar; while those with wealth and experience benefited. Will the Federal Reserve make the same mistakes again? If so, you can count on the same sectors to pay the price, while those who understand the game will reap big profits again. Pretty shameful.
This was caused by the real estate market meltdown that begun nearly a decade ago, which was all instigated by the very aggressive Federal Reserve policy that occurred after the 9/11 attacks, The crisis affected primarily the newer buyers (minorities and younger people), who paid top dollar; while those with wealth and experience benefited. Will the Federal Reserve make the same mistakes again? If so, you can count on the same sectors to pay the price, while those who understand the game will reap big profits again. Pretty shameful.
FHA Condo Financing | Federal Housing Administration
In a rare moment of bipartisanship before heading home for the summer, the Senate unanimously passed legislation that will require the FHA to lighten up on its condo financing regulations and make low down payment FHA loans more available to the people they are supposed to serve — moderate-income buyers, many of them minorities and first-time purchasers, who turn to condominiums as their most affordable option.
In a rare moment of bipartisanship before heading home for the summer, the Senate unanimously passed legislation that will require the FHA to lighten up on its condo financing regulations and make low down payment FHA loans more available to the people they are supposed to serve — moderate-income buyers, many of them minorities and first-time purchasers, who turn to condominiums as their most affordable option.
Thursday, July 28, 2016
Wednesday, July 27, 2016
Tuesday, July 26, 2016
Saturday, July 23, 2016
Miami real estate keeps cooling down | Miami Herald
In Miami, the number of sales declined, while prices keep going up.
Broward had a strong month.
In Miami, the number of sales declined, while prices keep going up.
Broward had a strong month.
Friday, July 22, 2016
Monday, July 18, 2016
New Condo Legislation to Bring Relief to Homebuyers: The U.S. Senate recently passed H.R. 3700, the 'Housing Opportunity Through Modernization Act,' by unanimous consent. This legislation includes reforms to current Federal Housing Administration restrictions on condominium financing, among other provisions.
Saturday, July 16, 2016
Friday, July 15, 2016
Fla.’s foreclosure rate dropping, state now No. 4
"South Florida saw a 34 percent drop in foreclosure filings year-over-year,"
"South Florida saw a 34 percent drop in foreclosure filings year-over-year,"
Wednesday, July 13, 2016
Tuesday, July 12, 2016
Friday, July 8, 2016
99 of Top 100 Housing Metros Improve Year over Year: The spring buying season continues to cruise along throughout most of the country, according to Freddie Mac's recently released Multi-Indicator Market Index® (MiMi®).
Thursday, July 7, 2016
Wednesday, July 6, 2016
Tuesday, July 5, 2016
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