The forms used by property insurers across the state to calculate insurance discounts for homeowners are seriously flawed and must be completely thrown out, an administrative judge has found in a potentially groundbreaking ruling. The decision could have far-reaching implications for homeowners
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12/09/2012
A Fannie Mae study finds that many Americans don’t adequately investigate or fail to understand the choices available when shopping for a mortgage. That, in turn, can increase cost to the borrower and add problems that arise during the life of the loan. The study examined how consumers across di
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12/06/2012
Average U.S. rates on fixed mortgages stayed close to record lows this week, a trend that has made homebuying more affordable and helped the housing market recover.Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan edged up to 3.32 percent. That’s close to last wee
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12/06/2012
South Florida’s residential resale inventory of condos, townhouses, and single-family houses has decreased in quantity by 68% since the Thanksgiving holiday week – the symbolic start of the busy winter tourism season of 2008. Nearly 108,000 residential properties were on the resale market in th
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12/04/2012
The largest (and extremely gently) fish in the sea was spotted off the coast of Pompano Beach this week. Some divers happened to be south of the Hillsboro Inlet when they spotted the fin sticking out of the water. When they went closer to catch a better look, this is what they found. Although th
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11/30/2012
An index measuring the number of Americans who signed contracts to buy homes in October jumped to nearly its highest level in almost six years. Steady job gains and record-low mortgage rates have made home buying more attractive. The National Association of Realtors said Thursday that its seaso
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11/29/2012
Florida's job market is squarely back in recovery mode, according to an upbeat employment report for October, which was released Friday. • Florida's unemployment rate fell to 8.5 percent last month, reaching the lowest point in nearly four years. • The state added 14,700 jobs over the month wh
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11/20/2012
The latest on South Florida home resales: There isn’t much on the shelf, and it’s going fast. Amid an exceptionally tight inventory of residential properties for sale, October sales of existing single-family homes spiked 41.9 percent in Miami-Dade from a year earlier to 1,142 units while the numb
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11/20/2012
The Palm Aire Marketplace in Pompano Beach has been sold for $20 million. The property, which was sold by DRA Advisors to a two groups out of New York: Nightingale Properties and Carlton Associates. The 140,000-square-foot retail center is anchored by a Winn-Dixie and a CVS pharmacy. The buyers
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11/15/2012
Competition among investors and first-time home buyers is making bank-owned properties less affordable in the country's most competitive markets. Bargains on bank-owned homes are quickly vanishing in the country's most competitive markets. Since the start of the mortgage meltdown, repossessed hom
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11/15/2012
