Sylvia I Ortiz.REALTOR

Sylvia I Ortiz.REALTOR Orlando Realtor�

08/25/2023

Increases may continue. “Ongoing economic strength will likely continue to keep upward pressure on rates in the short-term,” says Freddie Mac’s chief economist.

08/24/2023

Some discouraged buyers should stop looking for their “forever home” and start looking for their “get my foot in the door to start building equity” home.

08/23/2023

Florida Realtors: Higher mortgage rates still a factor; single-family home median price at $415K, 2.8 months’ supply. Condo median price at $319K, 3.6 months’ supply.

08/15/2023

It’s not just the house: Some neighborhoods offer more opportunities. In Fla., the home price difference between high- and low-opportunity areas runs as high as 64%.

08/04/2023

Average rates for a 30-year, fixed-rate loan pushed closer to 7% again this week, up from last week’s 6.81%. A year ago, rates averaged 4.99%.

08/02/2023

$85M in funding for HUD will reduce barriers, such as zoning restrictions, that have “become a hurdle to increasing the supply and density of affordable housing.”

07/28/2023

After moving closer to 7% and then falling last week, the 30-year, fixed-rate moved a bit higher from last week’s 6.78%. A year ago, the rate averaged 5.3%.

07/27/2023

Observers looked for clues on whether the Fed will raise interest rates again later this year, and the Fed seemed to imply it was likely, but not a sure thing.

07/25/2023

Housing recoveries often trail recessions, and positive signs – builder optimism, rebounding prices, more investment – suggest a corner may have been turned.

07/19/2023

Over two years, Fla. home prices rose 35.16% – the highest increase on the East Coast – with Ga. and the Carolinas seeing something just short of 30%.

07/12/2023

The money helps “root out housing discrimination,” says HUD, going to local-state governments that enforce rights equivalent to those under the Fair Housing Act.

07/12/2023

In 2022, only Texas saw more homebuyers using private mortgage insurance (PMI) than Fla., where 76,451 buyers (57%) relied on PMI to buy a home.

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