HOME
INSPECTIONS
Homebuyers could receive
additional assurance that the homes they are purchasing are
in good condition, and homeowners could gain new protections
when it comes to getting rid of mold, under a bill now moving
quickly through the Florida Legislature.
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HOUSING
AFFORDABILITY
Housing affordability
conditions have improved for two consecutive quarters, according
to NAR's composite Housing Affordability Index, which was 132.9
during the first quarter of 2005. The nation's typical household
had 132.9 percent of the income needed to purchase a home at
the first-quarter median existing-home price of $188,800.
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PROPERTY
INSURANCE
It looks like state lawmakers won't be helping
Citizens Property Insurance Corp., the state's insurer of
last resort, make up its $516 million shortfall following
the four hurricanes that hit Florida last year. Instead, homeowners
across Florida will likely be charged a one-time fee on their
property insurance policies to cover the deficit.
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HOUSING
COSTS
Some 4.2 million working-class
families in the United States devoted more than half of their
income to housing costs in 2003, a dramatic 76 percent increase
from the 2.4 million families who were doing so in 1997. That's
according to new research by Freddie Mac, Century Housing and
the National Housing Conference.
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Hollywood:
City approves 326 condos near Young Circle |
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Manatee
County:
Drop in home starts not expected to last long |
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Royal
Palm Beach:
Houses, retail to adjoin Super Target |
