According to recent data from the Miami Association of Realtors, Miami-Dade County saw a year-over-year increase in single-family home sales in Q2 2024, with transactions on track to surpass last year's total. Sales of existing condos priced at $600K and above surged by 99% compared to pre-COVID levels (June 2019). "Miami condo demand for properties priced above $600,000 are significantly outperforming...
A plan announced last week by the White House includes a nationwide cap on rent increases. But another element of the proposal — the allocation of surplus federal land to be dedicated to affordable housing construction — may have been lost in the mix, especially following the Democratic shake-up in the upcoming presidential election “The White House will work with federal agencies with land...
Virginia-based Atlantic Coast Mortgage announced this week that residential and wholesale banking software company CRMNow’s mortgage-oriented customer relationship management (CRM) product, Nextwave CRM, will be used by its loan originators across the 30 states it operates in. “Nextwave CRM was the clear choice to drive our customer-centric culture and CRM initiative,” Patrick Collins, chief...
As the numbers of seniors carrying mortgage debt in retirement has increased, so too has the potential financial burden of a regular monthly mortgage payment. Increases in inflation and the cost of living can overwhelm those living on a fixed income, according to an article published this week in USA Today. “Retirement researchers warn that mortgage debt in retirement can be a trap,” the article...
Jim Cullen spent nearly 20 years in the reverse mortgage profession and recently decided that it was time to retire. But as a longtime industry professional who recognizes the potential value of the Home Equity Conversion Mortgage Program (HECM), Cullen previously explained to HousingWire’s Reverse Mortgage Daily (RMD) that he made the transition from industry professional to customer. In the second...
The Federal Housing Administration (FHA) on Friday published Mortgagee Letter 2024-15, which extends a foreclosure moratorium on the Hawaiian island of Maui through Jan. 1, 2025, for FHA-insured forward mortgages and Home Equity Conversion Mortgages (HECMs). The moratorium, initially scheduled to expire on May 6 after a previous extension, was pushed into August earlier this year. It has now been...
When we think of the ‘perfect’ place to live, few TV locations measure up in the way the houses of Wisteria Lane do in the long-running American comedy-drama series Desperate Housewives. And although this famous street and its residents saw more than their fair share of drama and tragedy over the years, (we’ll forever miss you, Mike!), we’d still swap houses with them in a heartbeat. Yes,...
When deciding how to manage your short term rental, you need to know what Airbnb property management fees are and how much they cost. The first step in starting...
Prevent mold and mildew growth while improving indoor air quality with a dehumidifier. Getty Images / Meaco When the humidity in a home is too high, homeowners can use a dehumidifier to remove excess moisture that may otherwise condense on the pipes, ductwork, and other cold surfaces. Use this guide to discover what a dehumidifier is and how it works.What a Dehumidifier DoesDehumidifiers are home...
Stay cool all summer long with our expert guide to installing a window air conditioner. bgwalker / Getty Images Whether your home has a room that's notoriously hot or you simply don't have the luxury of central HVAC, there's a good chance you've considered installing a window air conditioning unit. Learning how to install an AC unit is pretty straightforward, but it's worth familiarizing yourself...
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