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2022 Was Slowest Year for US Home Sales

U.S. home sales tumbled to the slowest pace in nearly a decade as soaring mortgage rates and sky high prices in 2022 pushed homeownership out of reach for many Americans. The National Association of Realtors said Friday that existing U.S. home sales totaled 5.03 million last year, a 17.8% decline from 2021. That is the

Florida Senate Passes Property Insurance Overhaul

The Florida Senate on Tuesday approved sweeping legislation that would overhaul the state’s property insurance system, which has struggled due to insolvencies, high costs and major storms.   The bill would create a $1 billion reinsurance fund, reduce litigation costs and compel some customers to leave a state-created insurer. It also would force insurers to

Zombie Debt

‘Zombie Debt’: Homeowners face foreclosure on old mortgages Rose Prophete thought the second mortgage loan on her Brooklyn home was resolved about a decade ago — until she received paperwork claiming she owed more than $130,000. “I was shocked,” said Prophete, who refinanced her two-family home in 2006, six years after arriving from Haiti. “I

Cities To Remove Decorative Grass

Western US cities to remove decorative grass amid drought   A group of 30 agencies that supply water to homes and businesses throughout the western United States has pledged to rip up lots of decorative grass to help keep water in the over-tapped Colorado River. The agreement signed Tuesday by water agencies in Southern California,

‘A Christmas Story’ House Is Up For Sale

Fully preserved ‘A Christmas Story’ house is up for sale, leg lamp and all: See the pics!   We triple dog dare you to put in an offer on the house from A Christmas Story. The Cleveland property that served as the home of Ralphie Parker and his family in the 1983 beloved holiday classic

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