Florida Real Estate News
Mortgage rates climb to almost four-year high
Thu, 15 Feb 2018 13:07:09 +0500
The specter of higher inflation pushed the average 30-year FRM to 4.38% this week – the highest level since April 2014, says Freddie Mac.
Millennial agents reshaping some brokerages
Wed, 14 Feb 2018 14:39:09 +0500
Some brokerages say they're tweaking training programs and office culture to better attract the eager, fast-learning and tech-confident generation.
U.S. home construction jumps 9.7% in January
Fri, 16 Feb 2018 15:43:04 +0500
Commerce Dept.: Housing starts at a pace of 1.33M - the highest since Oct. 2016. Single-family starts up 3.7%, multifamily up 19.7% and building permits up 7.4%.
License renewal time for 25% of Fla.'s Realtors
Tue, 13 Feb 2018 13:50:20 +0500
One in four Realtors must renew their license by March 31. Need CE credit or first-cycle associate/broker credits? Florida Realtors offers them online. Find out more.
Four form changes go into effect Feb. 20
Wed, 14 Feb 2018 14:51:10 +0500
The changes were approved at Florida Realtors' Mid-Winter meetings and will be released in Form Simplicity and via Florida Realtors other licensed vendors.
2017 ends with more Fla. home sales, price gains
Tue, 13 Feb 2018 14:04:05 +0500
Florida Realtors: Single-family home sales up 1.2% over 2016, median price up 8%; condo sales up 2.9%, median price up 7.8%. Strong positive trends continued in 4Q.
Inflation spike could impact mortgage rates
Thu, 15 Feb 2018 13:08:05 +0500
In tight labor markets, employers raise wages, prices go up and inflation often follows. A spike in Jan.'s inflation gauge has led some experts to say the increase could lead to higher borrowing costs for all types of consumer loans, including mortgages.
Study: First-time buyers tend to pay too much
Wed, 14 Feb 2018 14:50:01 +0500
First-time buyers overpaid an average $2,200 (0.79 percent) for their home, according to Federal Housing Finance Agency senior economists who analyzed appraisal data that covered 1.7 million home sales from late 2012 to early 2016.
Consumer Financial Protection Bureau releases strategic plan
Tue, 13 Feb 2018 14:02:49 +0500
The CFPB says it will do everything necessary "to fulfill the Bureau's statutory responsibilities but go no further." Limiting CFPB's future actions will "serve as a bulwark against the misuse of our unparalleled powers," says Director Mulvaney.
Many loyal Facebook users spending less time there
Wed, 14 Feb 2018 14:45:58 +0500
Facebook marketing efforts could grow less effective. Some loyal users say they spend less time on the site because politics has dampened the joy of connecting.
Refinancing? Income from your Airbnb rentals may help
Tue, 13 Feb 2018 14:01:45 +0500
Homeowners that rent space via Airbnb have had trouble refinancing, but a handful of lenders now allow them to count that rent money as income.
Rent-to-own offers may be worth a second look
Fri, 16 Feb 2018 14:47:37 +0500
If a seller receives no viable offers on a home listed for months, then a rent-to-own proposal could be "good for both parties," says NAR Pres. Mendenhall.
Real estate QandA: Must rental tenants obey HOA rules?
Thu, 15 Feb 2018 13:28:05 +0500
What if an association doesn't have an HOA with a board and meetings, but it does have covenants? Are HOA rules enforceable – and who does that?
Driverless cars could fuel an exurb boom
Fri, 16 Feb 2018 14:46:00 +0500
NAHB: Driverless cars could impact where people live. If they had such a car, 63% of consumers said they'd "definitely" or "maybe" move further away from work.
Many top companies were ill-prepared for 2017 storms
Wed, 14 Feb 2018 14:44:46 +0500
A survey of senior financial execs at Fortune 1,000 companies in storm-hit areas found that 64% were affected and 68% will make changes before future storms.
Proposed HUD budget for 2019 boosts funding a bit
Tue, 13 Feb 2018 14:00:04 +0500
The massive budget deal signed on Feb. 9 to avoid a government shutdown revised the 2019 funding request to a version that is 1% higher than the 2018 budget.
Airbnb collected $45.7M in Florida taxes in 2017
Thu, 15 Feb 2018 13:25:48 +0500
Airbnb Florida says that it collected over $45.7M in tax revenues for Florida state and local governments in 2017 – more than double 2016's $20M in taxes.
Tiny homes may have a wider buyer pool
Fri, 16 Feb 2018 14:44:10 +0500
A new NAHB survey confirms that consumers are definitely intrigued by smaller homes, 600 square feet or less. 53% said they would likely consider buying one.
It's official: Lennar, CalAtlantic merge
Thu, 15 Feb 2018 13:16:59 +0500
Homebuilding giant Lennar Corp. completed its merger with former rival CalAtlantic Group Inc., creating the nation's largest homebuilder based on revenues.
NAR: U.S. home prices rose 5.3% in 4Q 2017
Tue, 13 Feb 2018 13:58:35 +0500
A year-end uptick in existing sales pulled inventory to an all-time low and kept home-price growth at a robust pace, according to NAR's latest quarterly report.