The WPJ

Melbourne

$8.1 Billion of Florida Mortgage Transactions at Risk Post Hurricane Ian

Based on new research by CoreLogic, more than 22,282 pending mortgage transactions currently in progress in Florida's 20 affected counties are in jeopardy from storm surge and flooding caused by the recent hurricane, Ian. Nearly 14,000 are purchase transactions where the state's average home sales price is $452,000 (as of June 2022).

U.S. Remodeling Market Confidence Index Declines in Q2

According to the National Association of Home Builders latest NAHB/Westlake Royal Remodeling Market Index (RMI) for the second quarter, the index posted a reading of 77, declining 10 points compared to the second quarter of 2021.

U.S. Mortgage Applications Dip in Mid-October

According to the Mortgage Bankers Association's latest Weekly Mortgage Applications Survey for the week ending October 15, 2021, U.S. mortgage applications decreased 6.3 percent from one week earlier.

Aided by Strong Inbound Migration, Florida Home Sales Explode

Florida Realtors are reporting that the sunshine state's housing market continued to be a bright spot for the state's economy in October 2020, even as the coronavirus pandemic showed no signs of easing.

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