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Florida News Media

Florida News Media Home

August
18

Mortgage Rates Drop a Bit, Down to 5.13%

Rates appear to have hit at least a temporary plateau in the low 5% range. Last week, the 30-year, fixed-rate mortgage averaged 5.22%.

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August
18

CFPB: Financial Firms Liable for Data Leaks

Credit scorers, lenders and other financial firms that collect personal data have a duty to keep it safe – and a liability if they don’t – the U.S. consumer bureau says.

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August
18

Fla.’s July Housing: Median Prices Up, Supply Easing

Florida Realtors: Fla.’s single-family median price up 16.1% ($412K), condo median price up 20.6% ($305K). Mortgage rates, prices impact sales, and inventory is up.

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August
18

NAR: U.S. July Home Sales Fell 5.9%

Properties didn’t stay on the market long (14 days), prices climbed 10.8% year-to-year, and inventory is starting to grow in the face of higher mortgage rates.

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August
18

Confidence Dips in Multifamily Sector

NAHB’s multifamily survey found mixed results in the second quarter, as a drop in optimism for condo builds overshadowed an increase in outlooks for apartments.

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August
17

Real Estate Offers Solid Investment Returns

Investors consider a 60/40 stock/bond portfolio standard, but real estate has provided solid returns over the past 12 months, convincing many to diversify.

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August
17

HUD: $41M To Boost Affordable Housing

Three national nonprofits will split the money: Habitat for Humanity ($9M), Enterprise Community Partners ($15M) and Local Initiatives Support Corp. ($17M).

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August
17

Some Rental Solutions Unworkable

Studies find rent control is a short-term solution that creates long-term problems. Florida Realtors has filed a lawsuit against Orange County to block a proposal.

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