FHA Eases Mortgage Qualifications by Allowing Rental Income From ADUs
The Federal Housing Administration (FHA) is implementing a new policy to ease the mortgage qualification process for some buyers by allowing them to include rental income from accessory dwelling units (ADUs) in their applications. This change permits lenders to consider ADU rental income in underwriting mortgages, improving borrowers’ qualification prospects for FHA financing on propertiesRead …
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Florida Housing Market Update: September 2023
In September, Florida’s housing market continued to show signs of stabilization in statewide median prices and improving inventory levels (active listings) compared with a year ago, according to Florida Realtors®’ latest housing data. ☀️ GET REAL ESTATE MARKET DATA IN…
Do Rising Foreclosures Pose a Threat to the US Housing Market?
Foreclosure notices have surged 34% year-over-year to nearly 125,000 in the third quarter of 2023, up 28% from the previous quarter, indicating a return to pre-pandemic levels as foreclosure moratoriums expire. While rising foreclosures and high home prices have some fearful of a housing bust, experts are optimistic about the state of the market inRead …
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Hurricane Ian Daytona Beach – 1 year after the storm
Daytona Beach is known as “The World’s Most Famous Beach.” In this video I will show you what some parts look like an entire year after Hurricane Ian made it’s mark here. Links to some points of interest mentioned in…
Homes for Sale Below $10K?! ‘Bargain Block’ Shows Us Where—and Gives Us Hope
With interest rates and home prices through the roof of late, shows like “ Bargain Block” can be just what cash-strapped homebuyers need to realize that there’s still hope. Case in point: In the latest Season 4 episode, “The Windsor Balmoral House,” Keith Bynum and Evan Thomas have bought a 1,500-square-foot, four-bedroom, two-bath house inRead …
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