The Federal Reserve reduced interest rates today, cutting the federal funds rate by 0.50 percent to a range of 1-1.25 percent. The Fed is trying to stay ahead of disturbance and economic slowdown caused by the fast spreading coronavirus.
On Friday, the Fed announced that it was willing ...View More
Property owners who want to check into their home’s equity to consolidate debt with high interest or finance home improvement projects often decide to take out a home equity line of credit, which is called HELOC.
Unlike a home equity loan that let you borrow a lump sum, a HELOC ...View More
FHA Loan facts to know about one out of every eight homes sold each year. For decades, it’s been popular with first-time buyers because it was the first significant source of low down payment loans. First-time buyers can choose from thousands of low down payment loans. Yet FHA remains the ...View More
Broward County single-family home sales, median prices and dollar volume went up year after year in November 2019, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system.
Broward single-family home sales went up 2.2% year-over-year, from 1,149 to 1,174. Broward County ...View More
Miami-Dade County current condominium sales, including $1-million-and-up transactions, went up year after year in November 2019, according to the MIAMI Association of Realtors (MIAMI) and the Multiple Listing Service (MLS) system. Pending sales, which are indicators of future closed sales and reflect demand, are up in November and year to ...View More
In South Florida, a study concluded that only less than half of the millennial renters can afford to buy a property.
As per a study made by Apartment List, an online rental listing website, renters from 23-38 over the past five years within 16 U.S. metro areas. Researchers considered ...View More
- Present a new single-unit approval process to make it easier for individual condominium units to be eligible for FHA-insured financing;
- Expand the recertification requirement for approved condominium projects from two to three years;
- Authorized more mixed-use projects to be eligible for FHA insurance.
As of October 15, FHA ...View More