Recent Real Estate News - Wholesale Florida Properties

September 23, 2020

The Fed keeps rate steady. Here’s how that benefits short-term borrowers

The Federal Reserve said Wednesday it would keep its benchmark interest rate near zero. The Federal Reserve said Wednesday it would keep its benchmark interest rate near zero for as long as it takes to...

September 21, 2020

Multifamily Developers Offer Generous Concessions to Fill New Buildings

Up to two months of free rent along with other concessions are now becoming prevalent as builders attempt to lease up new projects. A robust pipeline of new apartments planned prior to the COVID-19 pandemic...

September 18, 2020

A record number of borrowers can now save on a mortgage refinance, as rates set another historic low

There are now 19.3 million borrowers who could save money on their monthly payments at today’s low rates, according to a new calculation by Black Knight, a mortgage technology and analytics firm. Mortgage rates just...

September 16, 2020

Pandemic Rent Debt Piling Up as Renters Continue to Struggle

A new survey shows 32 percent of renters had pandemic-rent debt from previous months still due in the first week of September, but that number had dropped to 10 percent by the second week of...

September 14, 2020

Amazon, Big-Box Chains, 3PLs Among the Most Rapidly Expanding Industrial Tenants

With e-commerce sales booming, these companies are leasing up new distribution and fulfillment facilities. Online sales shot up during the COVID-19 quarantine, causing many companies to rethink their logistics strategies. As a result, a number...

September 11, 2020

Mortgage demand from homebuyers surges 40% from a year ago amid sales spree

Mortgage applications to purchase a home rose 3% last week from the previous week and were a stunning 40% higher from a year ago, according to the Mortgage Bankers Association. The end of August usually...

September 9, 2020

As Another Month’s Bill Comes Due, Renters at Small Apartment Buildings Struggle

Tenants in buildings with four or fewer units are more likely to be experiencing financial hardships preventing them from paying rent. Note: This story has been updated with new information about a federal eviction moratorium...

September 7, 2020

Freddie, Fannie Keep Capital Flowing to Multifamily Borrowers

The two government-sponsored enterprises are on track to match 2019 origination volumes. Freddie Mac and Fannie Mae are on track to lend nearly as many dollars to apartment properties in 2020 as they did in...

September 4, 2020

Here’s how to qualify for a mortgage in retirement

If your tax returns don’t show enough income to qualify, you may be able to tap your retirement account temporarily to prove you can afford the mortgage. It’s not uncommon for retired homeowners to want...

September 2, 2020

July pending home sales jump over 15% annually, as properties go under contract in record time

Pending home sales, which measure signed contracts to purchase existing homes, increased 5.9% in July compared with June, according to the National Association of Realtors. The usual summer slowdown in the housing market is not...