-
Palm Beach County home prices rise to post-crash high
Source: Palm Beach Post The median price of a house sold in Palm Beach County last month rose to $311,000, the highest level since 2008. The typical sale price was up from April’s median of $307,125, the Realtors Association of the Palm Beaches said Wednesday. Read more…
-
Letters: Housing roundtable shows county progress
Source: Palm Beach Post Palm Beach County, the Housing Leadership Council and Palm Beach State College should be commended for hosting an Affordable Housing Roundtable at the Lake Worth campus of PBSC for stakeholders. An overflowing room of private developers, real estate professionals, funders, nonprofit service providers and public officials received alarming data concerning the…
-
Palm Beach County housing affordability slips
Source: Palm Beach Post Homes in Palm Beach County became less affordable in the first quarter, according to the latest Housing Opportunity Index from the National Association of Home Builders. Just 61.4 percent of homes sold in the quarter were affordable to a median-income family, down from 62.1 percent in the fourth quarter. The culprit?…
-
Bank of America now offers 3% down mortgages without mortgage insurance
Source: HousingWire.com Bank of America unveiled a new affordable mortgage program that offers consumers the option of putting as little as 3% down and requires no mortgage insurance. The program does not involve the Federal Housing Administration, whose program has recently undergone a lot of scrutiny from big banks. Read more…
-
When seeking a mortgage, you don’t want to be categorized as a ‘revolver’
Source: The Washington Post Are you a “transactor” or a “revolver” when it comes to your credit? Terms like these never have mattered much to home buyers seeking a mortgage. You’ve probably never heard of them. Yet they are about to become more important to millions of mortgage seekers and they may even help determine…
-
Priced out of the market in downtown West Palm? City says help on way
Source: Palm Beach Post Try finding an affordable place to live in downtown West Palm Beach. Not easy. With the economy and real estate market on the rise, plenty of luxury condos are on the planning boards. But there’s a dearth of lower-priced condos and rentals to serve those with moderate incomes who want to…
