The Daily (092916) Hot Sheet of Top Real Estate News Trending Now
By Winston Heverly, GRI, ABR, SFR, CDPE, CIAS, PA
(Coldwell Banker Access Realty)
The Daily (092916) Hot Sheet of Top Real Estate News Trending Now Challenge remains for FHA condo financingHUD released rules on condo financing that could open up more Fla. units to first-time buyers, but NAR says a still-high owner-occupancy threshold needs work. Read moreLikelihood of home price declines? 4% and droppingA quarterly mortgage risk report finds only a 2% chance Fla. home prices will decline over the next two years. Energy-job-dependent states such as West Virginia face the highest risk. Read more.Average time to close? 46 daysA year ago, new mortgage disclosures threatened to delay closings, but lenders have found their feet: The average contract-to-close time is settling at 46 days. Read more.Citizens reduces scope of managed repair programOfficials are scaling back a...
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