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Monthly Archives: November 2022


    By Richard Eimers | November 25, 2022

    In Florida, about 70% of the outstanding mortgages have a mortgage rate below 4%, which means it’s unlikely that many of those homeowners will move if they have to qualify for and accept a much-higher rate. Plus, about 30% of local homeowners don’t have a mortgage. Read More

    Case-Shiller: Home Prices in ‘Forceful Deceleration’

    By Richard Eimers | November 22, 2022

    “Florida continues to hold the top two spots, with Miami taking the lead over Tampa,” Lazzara says. “Price growth continued strongest in the Southeast (up 24.5% year-to-year) and South (up 23.6% year-to-year). Read More

    Long-Term Mortgage Rates Tumble to 6.61%

    By Richard Eimers | November 22, 2022

    Last week, a 30-year, fixed-rate loan averaged 7.08%; this week it dropped almost half a percentage point to 6.61% as signs suggest inflation may have peaked. WASHINGTON (AP) – The average long-term U.S. mortgage rate tumbled by nearly a half-point this week, but will likely remain a significant barrier for potential homebuyers as Federal Reserve... Read More

    Home Equity: A Source of Strength for Homeowners Today

    By Richard Eimers | November 15, 2022

    “. . . don’t expect a housing bust like the mid-2000s, as lending standards in this housing cycle have been much tighter and homeowners have historically high levels of home equity, so there likely won’t be a surge in foreclosures.” Read More

    Opinion: Mortgage rates have a smaller impact on housing than you think; here’s proof

    By Richard Eimers | November 15, 2022

    If we don’t learn from history, we are doomed to repeat it. Read More