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Category: Florida Real Estate

Assumable Mortgages: One Option to High Mortgage Rates

Tue May 14, 2024 on Florida Real Estate & News

With mortgage interest rates still hovering above 7% on a 30-year fixed loan, many home buyers are seeking financing alternatives. One such option is assumable mortgages which are low-rate mortgages that home buyers take over from sellers. While popular in the 1980s when mortgage rates climbed to 18%, assumable mortgages are making a comeback. Where can one find an assumable […]

Climate Change, The Consumer Price Index, and Homeowner Insurance

Thu Apr 11, 2024 on Blog, Florida Real Estate & News

The US Consumer Price Index, a key metric of inflation, does not include the rising price of homeowner insurance.  According to Bloomberg Intelligence, increased homeowners’ insurance would have added 80 basis points or approximately .8% to the reported CPI increase of 3.4%, meaning inflation would be more like 4.6 %. By not including home insurance, the CPI does not factor […]

Proposed National Rule: Reporting Disclosure in Residential Real Estate

Thu Feb 22, 2024 on Florida Real Estate

Proposed National Rule: Reporting Disclosure in Residential Real Estate

In its efforts to further curb money laundering in the United States, the Financial Crimes Enforcement Network (“FinCen”) of the U.S. Treasury Department has proposed a rule that would require real estate professionals involved in closings to disclose the names of people behind anonymous limited liability companies and trusts involved in all cash residential property transactions, regardless of price. This […]