Tag: Real Estate News

Long-Term Mortgage Rates Fall – 30 – Year at 3.73%

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The average FRM fell this week – the seventh decline in the past nine weeks for 30-year loans – and hit its lowest level since November 2016. WASHINGTON (AP) – U.S. long-term mortgage rates fell this week. It was the seventh decline in the past nine weeks for the key 30-year, fixed-rate loan, which reached … Continued

Driverless cars will reshape housing

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NEW YORK – Oct. 27, 2017 – Self-driving cars (AVs) will have a big impact on the real estate industry, according to Rick Palacios Jr., director of research for John Burns Real Estate Consulting. As consumers take their hands off the wheel, they may find different needs in housing over the next 10 to 20 … Continued

Fla. claims for Irma damage top $5 billion

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Fla. claims for Irma damage top $5 billion TALLAHASSEE, Fla. – Oct. 24, 2017 – Six weeks after Hurricane Irma ripped through Florida, claims for damage have now topped $5 billion. More than 23,160 property owners in Southwest Florida have filed claims for insured losses from Irma, according to an updated report Monday from the … Continued

Study: Homeowners will pay most Irma damage out of pocket

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Study: Homeowners will pay most Irma damage out of pocket MIAMI – Sept. 22, 2017 – It will be years before the true cost of Hurricane Irma is clear, but a team of Florida International University (FIU) researchers estimates that the storm’s winds alone will set the Sunshine State back $19.4 billion. Of that total, … Continued

Hurricane Irma damage could be as high as $65 billion

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Hurricane Irma damage could be as high as $65 billion MIAMI – Sept. 20, 2017 – Hurricane Irma’s monstrous 185 mph winds seemed to be the biggest menace as the storm inexorably made its way toward Florida earlier this month. But according to a study by the information company CoreLogic, flooding wreaked the costliest damage … Continued

File a Claim

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Insurer: ‘File a claim. It won’t count against you’ TALLAHASSEE, Fla. – Sept. 13, 2017 – It might sound strange, but the founder and president of one of Florida’s major insurance companies has a message for anyone who thinks they might have sustained damage from Hurricane Irma: “File a claim. It won’t count against you.” … Continued

Mortgage rates are still low

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Long-term U.S. mortgage rates fall to lowest level this year WASHINGTON (AP) – Sept. 7, 2017 – Long-term U.S. mortgage rates fell this week, led by the benchmark 30-year rate, which declined for the sixth straight week. Mortgage buyer Freddie Mac says the average 30-year fixed mortgage rate fell to 3.78 percent, from 3.82 percent … Continued