Home Equity Gains Level Off, Remain Strong
Almost half of mortgaged homeowners remain equity-rich, according to ATTOM. The portion of owners seriously underwater still close to five-year low.
Milton, Helene Claims Exceed $4.1B
Nearly 360,000 insurance claims have been filed in Florida due to Hurricanes Milton and Helene, mostly from residential properties in the hardest-hit areas.
Should Homeowners Act on Lower Mortgage Rates?
With mortgage rates dipping, owners can explore lowering payments or using home equity. Experts advise weighing costs, future plans and consulting a financial pro.
Fla.’s Sept. Housing Inventory Up, Prices Easing
Florida Realtors Chief Economist: Hurricane Helene disrupted the state’s RE market last month. Still, statewide inventory rose YoY for both Sept. and 3Q.
Business Owners in Disaster Areas: Beware Scams
Small business owners repairing storm damage are especially vulnerable to scams due to the many employees and contractors involved after a disaster.
Zillow: Builders Shift to Condos, Townhomes
Building attached homes helps reduce land costs and offers more affordable options for budget-conscious buyers.
NAR: Existing-Home Sales Slid 1.0% in September
Existing-home sales fell nationally 1.0% in September to a seasonally adjusted annual rate of 3.84 million. In the South, existing-home sales decreased 1.7%.
New Home Mortgage Applications Increase 10.8%
The increase in new home sales shows they continue to be an appealing option. The average loan size for new homes rose to $402,658 in September.
Investors See Returns Along Florida’s Highways
Florida’s pro-business mindset has encouraged commercial growth, which has led to years of steady growth, one investor said.
Developers: Diversity Helps Build Communities
Real estate development should prioritize affordable housing and address barriers that have excluded Black developers, panelists said.