The top gripe of condo owners? Poor workmanship In a recent survey of condo owners, 81 percent considered poor workmanship to be the most common type of deficiency in the construction of condominiums. Poor workmanship, they claim, resulted in plumbing leaks, electrical or mechanical problems, or cracks in foundation walls, according to a recent report... Read more »
Florida Realtors: Protect Fla.’s affordable housing trust funds A coalition of industry and nonprofit groups Thursday made what has become an annual case for state lawmakers to reject Gov. Rick Scott’s efforts to divert money from housing programs to balance the state budget. The Sadowski Housing Coalition – with members ranging from Florida Realtors to... Read more »
Welcome to your new office: A stranger’s living room Claire Brynteson had a house, a job and a dining table that was empty once she got her three children out the door every morning. When she received a flyer telling her she could make money by renting seats at the table to people looking for... Read more »
When it comes to mortgage rejections, Fla. is No. 1 What happens after a home sale closes and the new buyer has keys in hand? In the days and months that follow, how do most new homebuyers feel? To determine new homeowners’ satisfaction, NerdWallet created its first Home Buyer Reality Report. It looked at owner... Read more »
Chances improve for an interest rate hike in March Wall Street expectations for the U.S. Federal Reserve to hike its benchmark interest rate soared Wednesday after one inflation barometer showed a spike in prices. The Bureau of Economic Analysis’ price index of personal consumption expenditures (PCE) jumped 0.4 percent in January, according to the government’s... Read more »
Average 30-year mortgage rate falls to 4.1% Long-term U.S. mortgage rates fell this week, breaking a holding pattern that prevailed for more than a month. Mortgage buyer Freddie Mac said Thursday the rate on 30-year, fixed-rate loans declined to 4.10 percent from 4.16 percent last week. The benchmark rate stood at 3.64 percent a year... Read more »
Things You Should Deep Clean This Spring There are also a few places you won’t need to tackle again until next year. YOUR CABINETS Over time, build-up can collect on your kitchen cabinets — especially if you don’t run the exhaust hood over your range while you cook to keep grease from settling. To remove build-up use a... Read more »
U.S. consumers confidence hits 15-year high The Conference Board Consumer Confidence Index increased to 11.48 in February after a modest decline the month before (111.6 in January). The Present Situation Index rose from 130.0 to 133.4, and the Expectations Index that gauges attitudes about the future economy increased from 99.3 last month to 102.4 in... Read more »
Dec. home prices rise at fastest pace in a year U.S. home prices rose in December from a year earlier at the fastest pace in 11 months, as prospective buyers bid against each other for a limited supply of available property. The Standard & Poor’s CoreLogic Case-Shiller 20-city home price index, released Tuesday, increased 5.6... Read more »
Some luxury sellers slash millions off asking prices As the luxury housing market softens, home sellers across the nation are offering discounts on upscale dwellings. The luxury home market in cities like New York and Miami are experiencing a full-on slowdown, while in other regions there are concerns about a possible supply glut on the... Read more »