ARCHIVED BLOG POSTS
2020
TOP STORIES: NAR: A Divided Government Might Be Good for Real EstateIn a divided government, lawmakers must find a way to work together. Joe Ventrone, NAR’s vice president of federal policy and industry relations, says the goal then will be to bring both parties to the middle on real estate issue...
12/17/2020
TOP STORIES: FHA Proposes Private Flood Insurance OptionIt would allow lenders to accept private flood insurance policies for single-family mortgages instead of NFIP insurance if coverage is required for FHA loan approval. Read more Pensacola's Real Estate Q&A? What is Title Insurance, Escrows an...
12/16/2020
TOP STORIES: Fla.’s Housing Market in 3Q 2020 Shows Strength Amid PandemicFlorida Realtors’ data: Single-family home sales up 13.7% year-over-year, condo sales up 13.5%; 3Q median sales price up 13.2% in both categories. Chief Economist O’Connor cites pent-up buyer demand and record-low mortgage ...
12/16/2020
TOP STORIES: Average 30-Year Mortgage Rate Rises to 2.84%A robust stock rise fueled by the possibility of a pandemic vaccine pushed mortgage rates slightly higher, up from 2.78% in last week’s survey. Read more Pensacola's Real Estate Q&A? What is Title Insurance, Escrows and closings explained i...
12/15/2020
TOP STORIES: NAR 3Q Sales Report: Home Prices Going Up EverywhereTwo out of three (65%) metro areas had double-digit price gains in the July-Sept. time period, and single-family home sales rose in every area NAR tracks. Read more Pensacola's Real Estate Q&A? What is Title Insurance, Escrows and c...
12/14/2020
TOP STORIES: Lenders Promote Foreclosure Help for Reluctant HomeownersA coalition of financial firms rolled out “Not Ok? That’s Ok,” a push to tell at-risk homeowners that a number of programs offer help, but they have to ask for it first. Read more Pensacola's Real Estate Q&A? What is Title Insu...
12/14/2020
TOP STORIES: Industry Says It Supports $15K First-Time Buyer Tax CreditHowever, a tax credit for first-time buyers, part of Pres.-Elect Biden’s housing plan, won’t do much good if a low inventory keeps pushing prices higher. Read more Pensacola's Real Estate Q&A? What is Title Insurance, Escrows ...
12/13/2020
TOP STORIES: Legal Q&A: Is a 4-Year-Old Roof Approval Still Valid?Also: The banging and slamming from an upstairs unit feels almost intentional, and it goes on all night long. What can lower-unit owners legally do? Read more Pensacola's Real Estate Q&A? What is Title Insurance, Escrows and closin...
12/12/2020
TOP STORIES: First Affordable Housing REIT Puts Spotlight on Growing SectorThe affordable housing sector has proved resilient, and the new real estate investment trust (REIT, which trades similar to stocks) will focus on Opportunity Zones. Read more Pensacola's Real Estate Q&A? What is Title Insu...
12/11/2020
TOP STORIES: How Do You Get a Home Loan After Retirement?In general, monthly income helps mortgage qualifying more than retirement money in the bank. Retirees should prep for a purchase a few months before they plan to buy. Read more Pensacola's Real Estate Q&A? What is Title Insurance, Escrows a...
12/11/2020
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