Luxury homes can’t keep up with high demand

The supply shortage that has been plaguing the nation’s housing market for the past two years has now affected the most expensive homes. The number of multimillion-dollar listings is suddenly dropping, and that is only making these pricey homes, well, pricier. The top 5 percent of homes by price sold in the third quarter saw their…

Why the Equifax Breach Might Make It Harder to Buy a Home – and What You Can Do

For years, security experts have been fearing “The Big One.” Not terrorist incidents, bombs, or hurricanes—their warnings have been centered on cyberattacks. And now, one of the largest and potentially most damaging data breaches ever has occurred, at the credit-reporting company Equifax. The company revealed that personal information from about 143 million consumers—possibly including Social Security…

Pine Dove Farm: North Florida’s first agrihood – from USA Today

A national trend called “agrihoods” is planting roots in Tallahassee with the introduction of Pine Dove Farm. The 203-acre subdivision is Tallahassee’s first planned agriculture community. It’s located off Apalachee Parkway and down a winding Williams Road in eastern Leon County. The development will include around 130 homes starting at $289,000 on half-acre lots. The idea is to build…

Sales of existing homes unexpectedly rose in May

Sales of existing homes unexpectedly rose in May, increasing 1.1% to a seasonally adjusted annual rate of 5.55 million units, while the median house price rose to an all-time high of $252,500, a 5.8% jump from a year ago.  Analysts say the inventory shortage of houses will continue to put upward pressure on house prices,…

Fannie to loosen mortgage requirements

WASHINGTON – June 9, 2017 – 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…