Residential

Derelict Florida House Lists for $650k. It’s Already Under Contract.

Published by CBS News | May 10, 2023 Real estate developers appear to smell financial opportunity in a badly dilapidated Florida home that comes fully ventilated via sizable holes in its ceiling. The single-family house in Miami Shores Village is listed for $650,000. It has drawn multiple offers and is currently under contract, according to …

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L.A.’s ‘Mansion Tax’ A Complete Flop After One Month

Published by Breitbart News | May 9, 2023 Measure ULA, a tax on high-end properties passed by Los Angeles voters in 2022, has flopped after just one month in operation, bringing sales of luxury homes to a halt while raising little money for affordable housing. As Breitbart News previously reported: Measure ULA, if implemented, will require …

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Fannie Mae: The One Big Reason Potential Home Buyers Are More Optimistic on Housing Market

Published by REALTOR.com | May 8, 2023 Consumers expect mortgage rates to drop, so they’re feeling a lot more optimistic about the housing market, according to a recent Fannie Mae poll. After the U.S. Federal Reserve’s rate increase last week, the Fed Chair signaled a potential pause in hikes. Rates dipped after the news, and economists are …

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Landlord Reveals Secret to Removing Squatters Without Expensive Legal Battles

Published by FOX Business | May 5, 2023 Florida landlord shares little-known method that allows police to remove squatters A real estate investor who was recently the victim of squatters is using his experience to help other landlords avoid court through a little-known Florida statute. After recruiting a local news station to cover his situation …

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Rent Prices Stop Shooting Up—and Even Fall in Some Parts of the Country

Published by REALTOR.com | April 25, 2023 Rents across the country continued to tick up in March—but at a much slower pace. Tenants shelled out about 2.5% more last month compared with a year earlier in the 50 largest metropolitan areas, according to the most recent Realtor.com® rental report. Nationally, the median rent was $1,732 a …

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It’s Deja Vu in the Housing Market—Is It 2006 All Over Again?

Published by REALTOR.com | April 25, 2023 The question on the minds of homebuyers, sellers, and homeowners is what is going to happen with home prices. Does this sound disturbingly familiar? Skyrocketing home prices have very suddenly leveled off. Recession fears are swirling. The number of home sales has dropped. Is it 2006—the year that saw the …

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Biden Rule Will Redistribute High-Risk Loan Costs to Homeowners With Good Credit

Published by FOX News | April 19, 2023 Interest rates for mortgages have roughly doubled over the past year A Biden administration rule is set to take effect that will force good-credit home buyers to pay more for their mortgages to subsidize loans to higher-risk borrowers. Experts believe that borrowers with a credit score of about 680 …

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Homebuilder Sentiment Jumps to Highest Level Since September

Published by FOX Business | April 17, 2023 Confidence among U.S. homebuilders jumps as mortgage rates fall Confidence among builders in the U.S. housing market increased more than expected in April as declining mortgage rates and low inventory helped drive demand higher for new homes. The National Association of Home Builders/Wells Fargo Housing Market Index, which measures …

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Elderly New York Woman Loses Home Title After Neighbor Allegedly Forges Phony Deed

Published by FOX News | April 10, 2023 A 78-year-old Long Island woman was shocked after receiving a letter from the Nassau County clerk informing her she no longer legally owns her home. A woman on Long Island was arrested after investigators say she forged deed documentation on her elderly neighbor’s home, becoming the legal owner of …

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