ARCHIVED BLOG POSTS
2020
TOP STORIES: Record Number of Homeowners Live in HOA Communities In Fla., almost 10M residents live in one of 48K communities with a homeowners’ association or condo board. The number is second only to Calif, which has 49K HOAs. Read more Pensacola's Real Estate Q&A? What is Title Insurance, Escr...
10/31/2020
TOP STORIES: Almost 400K Fewer Homes Listed Due to the Pandemic From March to now, realtor.com listings are down by about 400,000. In three Fla. metros, it’s down over 40%; in two others, time-on-market dropped by more than 20 days. Read more Pensacola's Real Estate Q&A? What is Title Insurance...
10/30/2020
TOP STORIES: Mortgage Rates Tick Up to 2.9%, Remain at Historic LowsFreddie Mac reported that the average rate on the 30-year home loan edged up to 2.90% from last week’s 2.87%. One year ago, the 30-year FRM averaged 3.64%. Read morePensacola's Real Estate Q&A? What is Title Insurance, Escrows an...
10/30/2020
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TOP STORIES: New Home Sales Surge 4.8% The August surge follows a 13.9% increase in July as low interest rates and a skimpy existing-home inventory drive buyers to new construction. Read more Pensacola's Real Estate Q&A? What is Title Insurance, Escrows and closings explained in simple terms? GET...
10/29/2020
TOP STORIES: FHFA: Housing Prices Rose 1% in Only One Month The federal agency behind Fannie Mae and Freddie Mac says July home prices rose 1% above June home prices and 6.5% in a year-to-year comparison. Read more Pensacola's Real Estate Q&A? What is Title Insurance, Escrows and closings explain...
10/28/2020
TOP STORIES: Investors Ready for ‘Bonanza’ in Housing Deep-pocket investors – notably the mega companies that buy single-family homes and turn them into rentals – expect a rash of foreclosures to start appearing in 2021. Read more Pensacola's Real Estate Q&A? What is Title Insurance, Escrows an...
10/28/2020
TOP STORIES: Fla.’s Housing Market: Sales and Median Prices Rises Florida Realtors’ data: More sales, higher median prices, more new pending sales and more new listings year-over-year. Single-family sales up 8.8%; condo sales up 10.3% – and sales in the upper price tiers paved the way for the sur...
10/27/2020
TOP STORIES: HUD: More than Half of Renters Spend 30%-Plus for HousingThe American Housing Survey found that 51.4% of renters spend 30% or more of their family income on housing; 13% of households with someone 55 years of age or older live in an age-restricted community; and 11.3% of all househol...
10/26/2020
TOP STORIES: Fla. Home to 2 Out of the 5 Top Home-Flip-Increase CitiesATTOM: At No. 2, home flips in Fort Myers grew 20.2% in 2Q, while in No. 3 Tallahassee, they rose 16.8%. Salisbury, Md., saw the biggest increase at 45.8%. Read more Pensacola's Real Estate Q&A? What is Title Insurance, Escrow...
10/26/2020
TOP STORIES: Borrowers Who Don’t Think They Can Get a Mortgage, But CanMany people don’t think they can get a mortgage, but a foreclosure or a limited credit history aren’t deal breakers – even non-U.S. citizens can qualify. Read more Pensacola's Real Estate Q&A? What is Title Insurance, Escrows...
10/25/2020
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