Homeowners have $17T in equity, but they aren’t refinancing. Here’s why
David Bahnsen, founder and CIO of Bahnsen Group, is examining the real estate market as young homebuyers struggle with the ongoing housing crisis. American homeowners own a record $17 trillion in wealth, Rising mortgage rates The economic downturn over the past two years has left many banks unable to access their own capital for refinancing. […]
Florida’s state-created property insurance company voted to raise homeowners insurance rates by 14%
If approved, the proposed increases would take effect in early 2025. (iStock ) More bad news is on the way for Florida homeowners. Not only are insurance companies leaving the state, but Florida’s state-created Citizens Property Insurance is also We just voted to raise interest rates by 14%. Across the state. The insurance company’s board […]
Fla. homeowners fight squatters with new law that ends ‘scam’ and ‘punishes criminals’
A new bill that gives state law enforcement more power to remove squatters and increases criminal penalties for violators took effect Monday, potentially giving Florida homeowners a way to protect their property while avoiding lengthy court proceedings. In a video posted to X, Gov. Ron DeSantis said the state will “put an end to this […]
Florida homeowners fight squatters with new law that ends ‘scam,’ governor says
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Homeowners and renters struggling to afford the high cost of housing: survey
Recent surveys suggest that renters and homeowners alike are feeling the strain of rising housing costs. (iStock) Rising housing costs are forcing renters and homeowners to make tough decisions, according to a recent national survey. investigation. As a result of rising housing costs, 20% of renters and 8% of homeowners say they’ve had to relocate […]
Top 10 cities where renters pay more than homeowners – and where they pay less
In California cities, it often costs more to buy than to rent, and in Florida cities, it often costs more to buy than to rent. (iStock) Mortgage and rental costs vary across the country, with some areas paying astronomical rents while others face high monthly mortgage payments. For example, in some Bay Area cities, owning […]
These states, like Florida and Georgia have passed bills taking rights away from squatters and giving them back to homeowners
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Zombie mortgages haunting homeowners now facing foreclosure
A shocking report claims thousands of homeowners are at risk of losing their homes to “zombie mortgages” purchased by companies, some of which are forcing them into foreclosure without their knowledge. Many of the shocked homeowners took out second mortgages they thought had been wiped out during the subprime housing bubble of 2004-2008, only to […]
Forecasters project active hurricane season as homeowners remain unprepared for damages
Recent studies have shown that securing openings in your home, especially your garage, can help protect your home from serious damage caused by hurricanes. (iStock) A recent survey shows that while homeowners can take steps to prepare for hurricane damage, many still need to do so. According to the Federal Alliance for Safe Housing (FLASH), […]
Police warn homeowners of ‘out of town’ scammers trying to sell, rent vacation properties they don’t own
Police in Southampton, New York, are warning real estate agents and homeowners to be on the lookout for “outsider” scammers looking to make a quick buck by reselling luxury properties they don’t actually own. The Long Island hotspot has seen a “skyrocketing” in scams, where most of the homes are second homes, and it could […]