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$16 Million Part of Federal Funding to Aide Florida with Affordable Housing

The U.S. government is providing almost $12 million to help residents pay rent and mortgages in south Florida, a place that has been called the epicenter of the nation’s affordable housing crisis.The South Florida Times news site reported that the U.S. Department of Housing and Urban Development will provide $11.7 million for Miami-Dade County, which has seen housing prices and rents soar in recent months. Hillsborough County will see $2.8 mill

10 Most Affordable Lake Towns

Water views for less than $300,000? A realtor.com® study identifies where buyers can snag waterfront property at an affordable price.Lakefront homes may offer home buyers a chance to buy a waterfront property at a more affordable price than a vacation home on the ocean. Some of the least expensive lake towns may not be as well-known, but they offer house hunters a chance to live on the water and still enjoy the activities and views that go alon

5 Updates to Liven Up the Home's Exterior

Check out these before-and-after virtual renderings to see what a difference a few style updates can make to an outdoor space.First impressions matter, and the outside of a home has become a key area to spotlight to make sure a property gets noticed. The startup Dzinly offers virtual exterior renderings done by designers that give homeowners ideas of the possibilities before they commit to a pricey remodel.Matt Mosher, founder of Dzinly

Mortgage Rates Back Above 5%, but Market ‘Stabilizing’

Though weekly changes in borrowing costs are volatile, housing activity is reaching more balanced levels—which is ultimately good for buyers, says Freddie Mac’s chief economist.Home buyers are having difficulty gauging opportunities to save on a property purchase as mortgage rates become more volatile. The average for the 30-year fixed-rate mortgage swung above 5% again this week, clocking in at 5.22%, Freddie Mac reports. Last week, the aver

Manhattan Rents Jump to a Record as Hot Market Hits Peak Season

Apartment hunters face bidding wars, with more competition to come before demand eases.Manhattan apartment rents continued their upward climb in July as the hottest market in decades hits its busiest leasing season.The median rent on new leases last month was $4,150, up 2.5% from June and 29% from a year earlier, according to appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate. Still Smashing

Slowing Inflation Suggests Mortgage Rates have Topped Out

NAR’s chief economist shares what now needs to happen to bring down borrowing costs and increase affordability for home buyers.Inflation eased slightly in July, which could bode well for the housing market in the months ahead, says Lawrence Yun, chief economist for the National Association of REALTORS®. Overall, inflation slowed from 9.1% in June to 8.5% in July, but prices for food and rent continued to climb, the Bureau of Labor Statistics

Eviction Rate Returning to Pre-Pandemic Level

Even before she lost her job this past spring, things were tight for Nikki Cox. She worked as a service representative at an insurance company in North Carolina and had been making $20 an hour. Half of her income went to rent."If I did have something left over, it might be about a hundred [dollars], maybe," she says. But even that "would buy my groceries and my necessities."It left Cox in trouble when her company's business dropped and her hours

Welcome to the Team Carrie Perry Dealing the Orange County Area

iPro was founded on the idea of building a better living with champion real estate services. We focus on incorporating and mastering the latest technologies and perform all types of real estate transactions. Our team of professionals set a stronger standard of business and give superior results.Click here for information on becoming a salesperson.

Mortgage Rates Dip Below 5%

The average monthly mortgage payment has fallen 12% reduction in just two months as high borrowing costs moderate, says NAR Chief Economist.After weeks of escalating borrowing costs, home buyers are getting a second chance to lock in lower rates. The 30-year fixed-rate mortgage fell to an average just below 5% for the week ending Aug. 4, Freddie Mac reports.With rates dipping in recent days, mortgage applications are increasing for the first time