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07/23/2013 Florida Realtors News



Florida Realtors News - click here

Daily Briefing: Tuesday, July 23, 2013


Fla.'s housing market trending up in June 2013

Single-family home sales rose 8.6% year-to-year while prices rose 15.1%. Condo-townhome sales fell slightly by 2.5%, but prices are up 18.2%. Read more.


Adjustable rate mortgages making a comeback

ARMs almost always cost less upfront than fixed-rate mortgages, allowing buyers to get more house or save on monthly payments. But things could get worse. Read more.


Credit scores may vary among vendors

The big three credit score companies are private, for-profit businesses. They make money by collecting consumer info and reselling it to anyone who pays for it. Read more.






FHFA: House price index up 0.7% in May

Fed looks only at single-family home sales under Fannie Mae and Freddie Mac to calculate changes. Prices rose 7.3% year-to-year. Read more.


Housing market still on improving trend

Two months ago, the Fed foreshadowed changes that sent mortgage rates higher, roiling the housing market. It seems to have had an impact - but not much. Read more.

 

Sellers jack up price after offer is accepted

On occasion, a seller verbally agrees to an offer but asks for more money later. It's a legit practice in Fla. if the contract hasn't been signed yet. Read more.


AROUND FLORIDA

Brandon: Looming development trouble for commuters
Upper Matecumbe Key: Plans for 2 supermarkets
Lee County: $134M on line in land dispute cases
Southwest Florida: Housing market tough on Habitat
Bradenton: Residential project near preserve takes shape


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