Two Florida Cities Stand Out As Top Rental Markets
Orlando and Fort Lauderdale are ranked among the top 30 rental markets in the U.S. for 2024, with Orlando at 5th and Fort Lauderdale at 26th. Renters showed increased interest in both cities, with Orlando experiencing a 105% increase in favorited listings and Fort Lauderdale seeing a 67% increase. Availability of apartments decreased in Fort […]
How to find if your Florida condo is on a secret blacklist blocking mortgage loans
The firms — Katzman Chandler in Fort Lauderdale and Allcock Marcus in Boston — have created a website for verified condo owners, board members and property managers can ask if their condo is … Continue to full article
Understanding Florida Statute 83.56: Landlord’s Right to Access Rental Property
Understanding Florida Statute 83.56: Landlord’s Right to Access Rental Property Continue to full article
Mortgage Demand Keeps Climbing. Here’s What the Housing Market Looks Like in 2023
Mortgage rates have recently dipped, leading to a slight increase in home loan applications. However, overall demand for mortgages remains low due to the challenging rates. Experts predict that mortgage rates won’t see significant declines in the near future. The housing market is affected by factors such as limited inventory, high housing costs, and low […]
How does private mortgage insurance work?
Even though you’re the one responsible for paying the premiums, mortgage insurance protects the lender if you default on the loan. With PMI, however, you’ll only be required to have it if you don’t meet the typical requirement of making a down payment of at least 20% on a conventional loan. For example, you can […]
Home Prices Continue to Rise, With Some Luxury Markets Seeing Strong Increases
US home prices increased by 0.4% in October compared to November and were up 7% compared to October 2022. This marks the seventh consecutive month of price increases. The lack of housing supply is seen as a bigger constraint on the market than affordability. Luxury-tier prices saw unexpected surges in price appreciation, indicating strong demand […]
The 1% Rate Difference on Monthly Mortgage Payments
Interest rate volatility on the 30-year fixed-rate mortgage has significantly impacted the housing industry since the Covid pandemic. Prior to this, interest rates were stable, which helped stabilize the industry. However, the Federal Reserve reduced interest rates during the pandemic, leading to a surge in the market. The rapid change in rates has created a […]
Where Are the Most and Least Affordable US Single-Family Rental Markets?
Examining Rent-to-Income-Ratios by U.S. Metros Since wages are higher in more expensive areas than those in low-cost markets, a more accurate measure of rent affordability is the rent-to-income ratio, which is the portion of income that must be set aside for housing costs each month – regardless of the rent or income level. U.S. Census […]
Real Estate Funds Plunge Again Amid Spike in Interest Rates
Real estate investments have declined in November 2023 due to unexpected interest rate increases, showing their vulnerability even amidst geopolitical tensions. Continue to full article
New Luxury Home Development Planned for Boca Raton
Arroyo Capital has acquired 37 acres of land in Boca Raton for $40 million to develop a luxury home project in partnership with Toll Brothers. The site will feature 70 single-family homes. Toll Brothers is known for their high-quality construction and has submitted plans for the development. This acquisition marks a significant investment in Boca […]
