Credit scores hit record high NEW YORK – June 5, 2017 – Credit scores among U.S. consumers surged to a record high this spring. Further, the share of borrowers considered among the riskiest borrowers hit a record low. The higher credit scores could be a boon for the mortgage market: A good credit score can... Read more »
WalletHub: Fla. ranks 12th for ‘economic health’ NEW YORK – June 5, 2017 – Economic growth varies from state to state, according to WalletHub’s analysis of its latest study on economic health. Out of 51 rankings (including Washington, D.C.), however Florida ranks 12thfor “economic activity.” The personal-finance website WalletHub conducted an in-depth analysis of 2017’s... Read more »
Congress might remove roadblocks to Everglades restoration Red tape – along with water pollution, overdevelopment and invading pythons – threatens to kill the Everglades. Now a proposed law could hack through regulatory delays and speed up the flow of federal money needed to fix the fading River of Grass and boost South Florida’s drinking water... Read more »
Carolyn Aronson got caught not once, but twice, by tech-support scams, to the tune of $800. The first time she was trying to download Windows 10 for free in 2015. But a dire-looking warning popped onto the screen. “All of a sudden, my computer just went nuts,” said Aronson, 74. “I’m rattled at this point.”... Read more »
Single-family rents remain strong – for now The business of renting single-family homes has blossomed in recent years with large players buying swaths of vacant homes and with homebuyers often sitting on the sidelines over the past few years. Fundamentals have been strong, particularly with vacancy rates at low levels. But one hitch could be... Read more »
State-run Citizens Property Insurance Corp. is deploying a new weapon in its fight against mounting claims costs and abuses. Effective July 1, new and renewing Citizens policies will include language providing customers with access to Citizens’ network of approved repair contractors. Citizens wants to control the claims-handling process – from taking damage reports from policyholders... Read more »
Words and actions, even seemingly innocent ones, can be interpreted in a way that wasn’t intended. But regardless of intention, word interpretation can mean everything in an antitrust investigation. One example: Two competing brokers are having lunch and the conversation turns to improving the bottom line. One broker comments, “We’ve considered reducing the compensation we... Read more »
30-year mortgage rate falls below 4% Long-term U.S. mortgage rates fell this week to their lowest levels of the year. The benchmark 30-year rate dipped below the key 4 percent mark. Mortgage buyer Freddie Mac said Thursday the average rate on 30-year fixed-rate home loans tumbled to 3.95 percent from 4.02 percent last week. The... Read more »
New-home sales drop 11.4% in April U.S. sales of new homes last month registered the biggest drop in more than two years. The Commerce Department said Tuesday that new-home sales skidded 11.4 percent in April to a seasonally adjusted annual rate of 569,000. It was the biggest monthly drop since March 2015. Economists had expected... Read more »
Trending: Open communities with gated sections One of St. Johns County’s newest master-planned communities is launching a gated neighborhood within the community, and it’s a trend that real estate insiders expect to continue. Shearwater, a development located off County Road 210 that’s approved for 2,600 homes, just announced the opening of the Woodlands, a gated... Read more »