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Report: Florida HOA Fees Soaring Above National Median

Report: Florida HOA Fees Soaring Above National Median

by Phil Hall | Aug 22, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Florida’s trouble condominium market is hitting residents in their wallets, with homeowners association (HOA) fees rising dramatically to rates that are significantly above the national median. Tampa’s median monthly HOA fee was up 17.2% year-over-year for the three...
Zombie Foreclosure Rate Sinks in Q3

Zombie Foreclosure Rate Sinks in Q3

by Phil Hall | Aug 22, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Approximately 1.4 million residential properties were vacant during the third quarter, according to new data from ATTOM. That figure represents 1.3%, or one in 76 homes, across the nation – roughly the same as in the second quarter of this year. ATTOM also reported...
GSEs Update Private Mortgage Insurer Eligibility Requirements

GSEs Update Private Mortgage Insurer Eligibility Requirements

by Phil Hall | Aug 22, 2024 | Industry Updates, Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Federal Housing Finance Agency (FHFA) announced the government-sponsored enterprises Fannie Mae (OTCMKTS: FNMA) and Freddie Mac (OTCMKTS: FMCC) are updating their Private Mortgage Insurer Eligibility Requirements (PMIERs). The GSEs first issued their PMIERs in...
Wider Inventory Helps Boost Virginia Home Sales

Wider Inventory Helps Boost Virginia Home Sales

by Phil Hall | Aug 21, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

An expanded housing inventory helped fuel an increase in home sales across Virginia in July, according to new data from Virginia Realtors. Last month saw the sale of 9,947 homes across the state, an influx of 962 sales from one year before that resulted in a 10.7%...
Alabama Records Sixth Straight Month of Rising Home Sales

Alabama Records Sixth Straight Month of Rising Home Sales

by Phil Hall | Aug 21, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Alabama recorded its sixth consecutive month of rising home sales in July, according to the Alabama Association of Realtors (AAR). Last month, the state recorded 6,136 home sales, up 13.1% from June and up 0.9% increase from July 2023. This also marked the first month...
Study: Homeowners Are Less Likely to Move Than Renters

Study: Homeowners Are Less Likely to Move Than Renters

by Phil Hall | Aug 21, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Only 11.21% of Americans – 35.7 million – moved within a year of the most recent American Community Survey in 2022, according to a data analysis published by LendingTree. As for those who moved, 79.29% stayed in the same state. Among those who moved, 53.93% relocated...
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