If a Continuing Resolution (CR) to fund the federal government is not passed by Congress and signed by the President by midnight on December 21, 2018, a partial shutdown of some government operations will occur. This partial shutdown would include some federal housing and mortgage programs. The information below is based on NAR staff review of agency contingency plans for the current shutdown and experience with previous shutdowns.
Flood Insurance: An extension of the National Flood Insurance Program (NFIP) is currently attached to the CR. Without an extension, NFIP cannot sell flood insurance policies after midnight on December 21. Existing policies will not be affected until 30 days after their renewal date. Homebuyers will be able to assume existing
National and Florida long-term mortgage rates fell this week to their lowest level in three months, an inducement to prospective homebuyers in a haltingly recovering market.
Continued steep declines in the stock market pushed home borrowing rates lower, although they remain much higher than a year ago. Mortgage giant Freddie Mac said Thursday the average rate on the benchmark 30-year, fixed-rate mortgage dropped to 4.63 percent from to 4.75 percent last week. The key rate stood at 3.93 percent a year ago.
The rate on 15-year fixed-rate loans fell to 4.07 percent from 4.21 percent the previous week.
As mortgage rates have ended the year with declines, prospective buyers have been wading in. Mortgage applications in
Florida Leads the Nation in 2nd Home Sales, and reasonably priced condos are a big reason.
The State of Florida has more 2nd homes than all other states in the US. Florida has In excess of 1,100,000 second homes, which is more than California, New York, Texas, Michigan, North Carolina and Arizona. There are about 7,500,000 second homes across the US.
There are severa reasons why Florida leads the nation, but the main 2 factors are the year round warm weather, and the lack of state income taxes. A lot of people that purchase a 2nd home in Florida do so with the intention of it being their primary residence in the future. What a perfect way to finance your future, by buying a condos, rent it out for a few
Florida Condo Insurance is going up in 2019 according to the experts.
Two things in Florida that will increase in 2019 is the average age of residents, and the cost of home insurance, and this includes condos.
In 2018 there are reports that over 85,000 homeowners have been dropped by their insurance companies, and these homeowners are forced to find alternative coverages which are typically more expensive. According to the experts, this will affect all types of insurance coverages, including condos and co ops around the State of Florida.
The following is a reprint from the Palm Beach Post:
Between hurricanes and a hullabaloo over water claims, home insurers dropped the policies of more than 87,000
Keller Williams is again rated near the top of the Happiest Companies in America to Work.
By: Denise & Melissa Stewart (KW Agents)
Actually, Keller Williams is ranked #2, ahead of Google and Visa, and last year KW held the Top Spot on the list.
Keller Williams came in second place with an overall score of 3.997, an average salary of $40,000, and CEO John Davis earned an approval rating of 94 percent. Last year, the company was No. 1 with an overall score of 4.483 and a CEO approval rating of 100 percent and an average salary of $50,000.
With offices now across the country and over 120,000 agents, Keller Williams has taken the high road in attracting agents with a personal approach to attract clients. KW does not advertise much, but
This is a question we are asked frequently: Do I need to Re-apply each year?
Answer: (In Broward County) No. Each January, Broward County mails a Renewal Receipt/Change Card to every Homesteaded property owner in Broward. If there are NO changes to the use and/or ownership of the property, simply keep the card as your receipt that you were automatically renewed for another year. However, if there are changes, please mark the Change Card accordingly and return it to their office. If you live in a county other than Broward, you should contact the County Property Appraiser's office to confirm their proceedure...
The above of course assumes that you have previously applied for, and were accepted for, Homestead
Are you looking for a 3 bedroom condo fro sale in Pompano Beach. Or maybe you need 2 bedrooms and a den, and you are looking for a townhome. There are over 500 condos and townhomes that may meet your criteria.
In the City of Pompano Beach there are a number of different types of condos and townhomes you may want to consider depending on your criteria, and your budget. If you are not on a budget, and you like Luxury, you may want to look at the brand new construction of Sabbia Beach Club located at 730 N Ocean Blvd, Pompano Beach FL 33062 (View HERE). If you are on a budget, you will all sorts of options, including Oceanfront 3 bedroom condos, Intracoastal 3 Bedroom
