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Buying more affordable than renting by astounding amount
Source: Palm Beach Post South Florida rents have increased so much since the housing bust that tenants can now expect to pay 44.5 percent of their monthly income on rent, according to a report released today by the Seattle-based research firm Zillow. Read more…
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Fannie and Freddie officially approve 3% down payment mortgages
Source: Housing Wire Both government-sponsored enterprises officially announced their individual 97% loan-to-value products, in the government’s latest attempt to expand the credit box for first-time homeowners. Read more…
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South Florida apartment rents increasing faster than most of U.S.
Source: The Real Deal Apartment rents are increasing in South Florida at a quicker pace than most of the country’s biggest metro areas. Read more…
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Land banks’ adaptability yields results for communities tackling vacant and problem properties, according to report
Source: Center for Community Progress WASHINGTON, D.C. – An estimated 120 land banks exist in the United States, and their ability to adapt to local conditions and needs is helping communities, large and small, address the negative impacts of vacant, abandoned, and tax-delinquent properties, according to Take it to the Bank: How Land Banks Are…
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South Florida home price gains second highest in nation
Source: Palm Beach Post Home prices in South Florida were up 11 percent in July compared to the same time in 2013, the second highest gain in the nation, according to the S&P/Case-Shiller Home Price Index. Read more…
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Fewer than 250 senior homeowners approved for reverse mortgage help
Source: Palm Beach Post Fewer than 250 of Florida’s senior homeowners have been approved for a reverse mortgage assistance program since the debut of the $25 million plan in November as officials work to increase awareness and help with applications. Read more…
