07/18/13 Florida Realtors News

Daily Briefing: Thursday, July 18, 2013 TODAY'S TOP STORIES More home loan options now available Lenders are starting to ease restrictive standards for borrowers with solid incomes and strong track records. Rising rates could spur renewed competition, too. Read more. Bernanke: Economy faces headwinds When the Fed said it might halt the program to keep mortgage rates low, rates moved higher. But Fed backpedaled yesterday - policy will continue for now. Read more. Flood insurance changes hit resistance, face delay A bill seems to be working its way through Congress to help some owners facing higher flood insurance premiums. But it only extends discounts for one year. Read more. Buyer must collect tax from foreign seller Real estate Q&A: The seller is a foreign investor. Does the buyer really have to submit 10% of sales price and a tax return to the IRS? Read more. Jumbo mortgage loans are back on the table More lenders are offering flexible options at better rates, allowing more consumers to buy luxury homes. This year could see $216B in jumbo loans. Read more. Agent app gauges commuting costs for homebuyers A home within city limits costs more - or does it? App considers job, car model, gas, tolls, etc., to calculate buyer's higher commute costs if outside the city. Read more. AROUND FLORIDA Winter Springs: Retail center to get Fresh Market West Palm Beach: War vet to get new home Southwest Florida: Foreclosure backlogs persist Tampa: Council calls out code enforcement Alachua County: Area indicators point to growth Manatee County: Help for family facing eviction?