Florida Real Estate News

Sept. 16, 2019

NFIP Flood Insurance Expires at Midnight, Sept. 30

Buyers under contract may want to secure national flood insurance before the end of the month or find private coverage that’s accepted by their mortgage lender.

 

ORLANDO, Fla. – The National Flood Insurance Program (NFIP) expires at midnight on Sept. 30, 2019. Extensions have bipartisan support in Congress, but ...

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Aug. 29, 2019

Need Property Insurance to Close Tomorrow? Might be Too Late!

Lenders require property insurance before they’ll fund a mortgage, but most insurers stop issuing any policies when disasters are declared or it enters “the box.”

SOUTH FLORIDA – Florida is in Hurricane Dorian’s forecast cone, but it’s still not too late to buy or change your homeowners insurance.

Better hurry ...

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Aug. 22, 2019

Florida's Closed and Pending Home Sales, Median Prices Up in July

Florida Realtors President Sain: “Like the weather, July was a hot month for Florida's housing market.” Statewide existing single-family sales up 10.4% year-over-year, median price up 5.1% to $268K; condo sales up 4.3%, median price up 4.4% to $188K.

ORLANDO, Fla. – Florida’s housing ...

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Aug. 8, 2019

Florida Housing Market: Median Prices, Inventory Up in 2Q

ORLANDO, Fla. – The State's population grows by about 906 new residents daily, which helps the economy and housing market, says Florida Realtors President Eric Sain.

Continuing a trend from the first three months of the year, Florida’s housing market reported higher median prices and rising inventory in 2Q ...

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Aug. 1, 2019

Happy Floridians: July Consumer Sentiment Up 3.7 Points

Consumers felt better in both the short- and long-term measurements, suggesting optimism for the future and content in the present.

GAINESVILLE, Fla. – As the U.S. entered its longest economic expansion in its history, consumer sentiment among Floridians increased 3.7 points in July to 100.2 – an ...

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July 29, 2019

Florida Growth to Top 300,000 People Each Year

TALLAHASSEE, Fla. – Florida will continue growing by more than 300,000 people a year and will top 22 million residents in 2022, according to a report posted online this week by state economists. The rate is equivalent to adding a city population larger than Orlando each year.

The ...

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July 26, 2019

Increasing Number of Buyers Getting Zero-Down Mortgages

In April, 3.6% of all loans nationally required no downpayment. That’s up from an all-time low of 2%, but nowhere near a pre-recession high of 12.7%.

ORLANDO, Fla. – More Central Floridians are taking out zero-down loans to buy a home, but not at the rate or with ...

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June 26, 2019

1 in 5 Florida Owners With a Reverse Mortgage Are in Trouble

Owners with a reverse mortgage must still pay property taxes and insurance, and lenders will often start foreclosing quickly if they miss any payments.

STUART, Fla. – Gerda Graf was plagued with financial woes when she took out a reverse mortgage 10 years ago. Earlier this year, the 83-year-old lost ...

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June 24, 2019

Florida Housing Market Report: Sales & Median Prices Up in May

May was “the highest single-family home sales’ monthly total for any single month in … 10 years," says Brad O'Connor, Florida Realtors chief economist.

ORLANDO, Fla – Florida’s housing market reported increased sales, higher median prices, more pending sales and gains in inventory (active listings) in May compared to ...

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June 14, 2019

Florida program can help with reverse mortgage problems

TALLAHASSEE, Fla. – June 13, 2019 – Florida's federal Elderly Mortgage Assistance Program (ELMORE) is accepting applications from homeowners who need help with their reverse mortgage until June 30, according to a news release.

Homeowners who meet specific qualifications may be eligible for a two-year forgivable loan of up ...

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