Sales of existing single-family homes in Florida totaled 21,669 in July, down 8% from the level recorded a year earlier, but median prices were up significantly, according to the Florida Association of Realtors.The median sales price of homes sold in July climbed to $252,300, up 33% from $190,300 in July 2004, FAR said. Among the state's larger markets, resales increased 7% in the Jacksonville Metropolitan Statistical Area and 1% in the Tampa-St. Petersburg-Clearwater MSA, while the Fort Lauderdale and Sarasota-Bradenton MSAs led the declines at 28%, FAR reported.
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Issuances of new HECM-backed securities dropped off in June on both a monthly and yearly basis, according to a new report from New View Advisors.
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The vote to approve the $12 per share deal, which rejected a hostile bid from UWM Holdings, came following several postponements of a special meeting.
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A mortgage customer claims his data was compromised in a hack last year at a tax and accounting firm reportedly used by the wholesale giant.
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The government-sponsored enterprise clamped down on project review requirements and certain factory-built home appraisals while loosening other guidelines.
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The June jobs report is creating an overhang on economist forecasts for interest rates going forward, especially when combined with recent inflation data.
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The Bureau of Labor Statistics report showed the labor force continued to expand but at a weaker rate than in recent months. The development weakens the case for a near-term rate hike.
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