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Real Estate News

• Fed Raises Interest Rates a Quarter Point March 22, 2023
  The Fed hit a middle ground. A quarter-point hike suggests it’s fighting inflation and only a bit worried about banks – though it also nixed language about future increases.
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• HUD: $54M for Fair Housing – $2.9M Goes to Fla. March 22, 2023
  In Fla., 7 agencies get part of the $2.9M under 12 grants. The money fights discrimination, and includes funds to private investigators for “testing and enforcement.”
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• Typical Down Payment Drops 10% as Market Cools March 22, 2023
  Buyers are lowering down payments thanks to inflation, high home prices and more sellers willing to negotiate. At $42K, it’s the lowest money down in two years.
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• SW Fla. Doing Fine After Hurricane and Pandemic March 22, 2023
  CEO of Sage Communities: “Who ever thought that a devastating hurricane would cause a real estate boom?” Ian’s hardest-hit barrier islands are now hot spots.
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• Possible Next Housing Problem? Cash-Out Refis March 22, 2023
  AEI/CRL: If lots of inflation-hit owners refinance to take cash out, their temporary financial fix may lead to foreclosure if the funds run out or their home value falls.
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• New RE Idea: Affordable Senior Housing March 21, 2023
  A senior-housing project aimed at middle-class adults gives them an option other than “dying in my house.” The Mass. prototype charges only $1,800 per month.
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• Is Being a Landlord Worth It? March 21, 2023
  Real estate is a time-tested, tried-and-true investment for people who can afford it, but it also involves work. Not everyone wants to be a landlord.
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• Fla.’s Feb. Housing: Inventory, Median Prices Up March 21, 2023
  Florida Realtors: Closed single-family sales fell 21.3% last month amid inflation and higher interest rates, but for-sale inventory rose 131.4% to a 2.7-months’ supply.
  kerrys
• $5M to Help 11% of Floridians Without Internet March 21, 2023
  Fla.’s State Broadband Officer will use $5M from HUD to connect some of the 11% who can’t access the internet, including the 3% who have no connection options.
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• HUD Restores 'Discriminatory Effects' Rule March 21, 2023
  A rule changed in 2020 was reinstated. As a result, HUD still considers “disparate impact” and “perpetuation of segregation” illegal forms of discrimination.
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