With prices near historic norms compared to incomes, research shows no housing bubbles forming in the United States. The housing market is expected to continue at a
healthy range through the end of 2018, at the very least.
13 bills signed by Gov. Rick Scott to achieve an increase in the use of solar energy. Approximately 73 percent of voters approved a constitutional amendment that passed the renewable-energy bill (SB 90).
New figures show the state increased jobs in May by 29,600. There was a .2 percent decrease in the state’s unemployment rate going from 4.5 percent in April, to 4.3 percent in May. The overall job growth has also increased in the past year by .6 percent going from 2.7 percent to 3.3 percent.
30-year lease extension has been signed to keep Fort Lauderdale International Boat Show at the same property through 2050. There are two 10-year extensions options permitting for up to 50 years in place, stated in the new lease.
Government-sponsored financing giant Fannie Mae will ease its requirements next month, raising its debt-to-income ceiling from 45 percent to 50 percent on July 29. The move could pave the way for a larger number of new buyers to qualify for a mortgage, particularly millennials who may be saddled with student loan debt.
Throughout the nation, 4.4 percent of mortgages were 30 days or more past due, including those in foreclosure. Overall delinquency rate declined by .8 percent in comparison with March 2016 being at 5.2 percent.
According to CoreLogic, cost of homes increase in Orlando, Kissimmee, and Sanford area. Central Florida’s home price index increases by .8 percent from the national average percent, and had an increase of .13 from the statewide average.