- Created on Wednesday, 14 May 2014 21:20
Florida's housing market showed signs of improvement in the first quarter of 2014, notching gains in median prices, new listings, and inventory while homes spent fewer days on the market. According to the latest data released by Florida Realtors, completed sales of single-family homes totaled roughly 50,000 for the quarter, up 2.3 percent over the previous year's quarter. Read More
- Created on Wednesday, 14 May 2014 21:17
The American Enterprise Institute's (AEI) International Center on Housing Risk released this week its latest National Mortgage Risk Index (NMRI), a measure of likely loan default rates in the event of another economic crisis. For its March data, the group calculated that under stress, 11.5 percent of recent home purchase mortgages would default, just down from 11.6 percent in February. Read More
- Created on Wednesday, 14 May 2014 21:16
Worst-case scenario: In the event of repeat of the 2008 economic downturn, the federal government’s main mortgage buyers, Fannie Mae and Freddie Mac may need another $190 billion bailout to keep them solvent. So say the results of the inaugural Dodd-Frank Act Stress Test, released by the Federal Housing Finance Agency Wednesday. Read More
- Created on Wednesday, 14 May 2014 21:15
The Board of Governors of the Federal Reserve System issued their Federal Open Market Committee statement, commenting that growth in economic activity has picked up recently despite a sluggish first quarter, due in part to adverse weather conditions. The Fed noted that recovery in the housing sector remained slow. Read More
- Created on Wednesday, 14 May 2014 21:11
The Office of the Comptroller of the Currency (OCC) found in a new study that the average loan growth rate has doubled among banks and federal savings associations (FSAs) in the nine states that make up the OCC’s Southern District. The OCC’s findings were from loan growth in 2012 to 2013, and reached 4 percent in 2013. Read More
- Created on Tuesday, 05 November 2013 14:40
Eight years ago, Joseph Yeomas was 2 years old, sitting on the front porch of his Rochester home and playing with his toys, when he ingested lead chips or breathed in its dust.
On Friday, a state Supreme Court Justice awarded the now-10-year-old Joseph $525,000 for the injuries he suffered in that rental home, a property that had been owned by Ibero American Action League, Inc. since the 1970s, according to the boy’s lawyer.
- Created on Thursday, 27 June 2013 16:04
$650,000 of the $800,000 was awarded as punitive damages. Housing attorneys expect to see a spike in bedbug lawsuits.
A woman who lived for more than eight months in a bedbug-infested apartment in Annapolis has been awarded $800,000 -- twice what she had sought -- after her lawyer said landlord repeatedly failed to correct the problem and evicted her. Read More