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Home and Real Estate News

Home and Real Estate News

FHA Announces 2023 Loan Floors and Ceilings

Loans for single units range from $472,030, the floor, to $1,089,300, the ceiling. For four units, it’s $907,000 to over $2M – and in some non-Fla. areas, over $3M. WASHINGTON – The Federal Housing Administration (FHA) announced new loan limits for calendar year 2023 for its Single Family Title II forward and Home Equity Conversion Mortgage (HECM) insurance programs. For most of the country, loan limits will increase next year due to house price appreciation during…

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Home and Real Estate News

Investor Home Purchases Drop 30% in 3Q

Given home prices and mortgage rates, hordes of RE investors likely won’t be back soon – but fewer first-time buyers also won’t be losing homes to all-cash offers. SEATTLE – U.S. investor home purchases fell 30.2% year-over-year in the third quarter (3Q) – the largest decline since the Great Recession aside from 2Q 2020 when the nation faced lockdowns due to the COVID-19 pandemic, according to a report from Redfin. Overall, total home purchases…

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Business News Home and Real Estate News

CENTURY 21 Alliance Realty Company Video

Our Company: Welcome to the Nature Coast of Florida, home to CENTURY 21 Alliance Realty, serving West Central Florida since 1979, providing you with real time information on Hernando County homes for sale! Come experience our family friendly culture of award-winning agents dedicated to delivering extraordinary customer experiences where lifelong relationships are formed. Our passionate and driven real estate professionals have the scale, knowledge, and resources, to service all your real estate…

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Home and Real Estate News

Credit Scores: How Are They Calculated?

Many people know what a credit score is, and some know their personal score. But it has such a large impact on lifetime finances that it’s important to know more. NEW YORK (AP) – You know credit scores exist. You might even know what yours is. But do you know how it’s calculated and why it’s important? Your credit score affects whether you can get a credit card, rent an apartment, buy…

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Home and Real Estate News

Real Estate Slowdown Impacts Lots of Businesses

Every home sale impacts title companies, mortgage lenders, inspectors, appraisers and local businesses – like furniture stores and remodelers. FORT LAUDERDALE, Fla. – Businesses tied to the real estate industry say they’ve started to feel the effects of the housing market slowing down in South Florida. Feeling the brunt of a declining market are mortgage lenders, inspectors, appraisers, real estate agents and remodeling companies, among the list of businesses. “It’s a ghost town,”…

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Home and Real Estate News

Gifts To Leave For Your Old Home’s New Owners

Selling a home is an emotional event. You are leaving behind a house filled with memories and venturing off to someplace new. The people buying your home are excited to create their own memories in a home that you loved for so many years. Welcome them with a thoughtful gift that will leave a lasting impression. Here are some ideas for gifts to leave for your home’s new owners. Personalized Key Rings: Mark…

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Home and Real Estate News

Should Sellers List Now or Try to Wait It Out?

With home prices’ peak likely in the rear-view mirror, should sellers waiting to maximize profit jump in before it’s too late or wait and hope for another market reversal? FORT LAUDERDALE, Fla. – As the housing market has cooled considerably, sellers are now wrestling with whether to sell their homes as soon as possible or hold off on selling. Two years ago, it was an easier decision: Prices were at record highs,…

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Home and Real Estate News

Mortgage Payments Accelerate Faster than Sales Prices

ORLANDO, Fla – Sale price and interest rate are the two things locked down when financing the purchase of a home. This one number dictates how much an individual shells out each month for their mortgage payment – and for most households, this number is far and away the largest share of their monthly expenses. It matters more than most other line items on the household spreadsheet as it directly impacts their…

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Home and Real Estate News

Florida Still No. 1 for International Buyers

About one in four (24%) international buyers opt for a home in Fla., finds Coldwell Banker study, compared to No. 2 Calif. (11%) and No. 3 Texas (8%). MIAMI – Florida is still the No. 1 choice for international home buyers, according to the Coldwell Banker International Buyers Guide. About one in four 24% of international buyers purchase a home in Florida. Percent of international buyers by state Florida: 24% California: 11% Texas…

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Home and Real Estate News

Mortgage Rates Rise a Bit, Hit 6.94%

Last week 30-year, fixed-rate mortgages averaged 6.92%, as the move to 7% slows – at least for this week. Last year FRMs averaged 3.09%. WASHINGTON (AP) – Average long-term U.S. mortgage rates inched up this week ahead of another expected rate increase by the Federal Reserve when it meets early next month. Mortgage buyer Freddie Mac reported Thursday that the average on the key 30-year rate ticked up this week to 6.94%…

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