Florida Real Estate News
Hey Siri! Find me a house
Thu, 25 May 2017 13:59:25 +0500
IDX property info could soon be delivered to consumers by Alexa, the voice of Amazon Echo, or Siri, the voice of Apple's products.
30-year mortgage rate falls below 4%
Thu, 25 May 2017 14:07:08 +0500
Long-term U.S. mortgage rates fell this week to their lowest levels of the year this week: 3.95%. For all of 2016, FRMs averaged 3.65%.
Antitrust issues can affect business decisions and free speech
Thu, 25 May 2017 14:05:46 +0500
Two brokers causally discuss how they pay their agents over lunch? Competing businesses decide they should boycott a service provider because they don't like a new policy? Both could be antitrust violations.
Citizens unveils managed repair network
Thu, 25 May 2017 14:00:28 +0500
Starting July 1, homeowners insured by Fla.-owned Citizens policies will have new policy language that gives Citizens more power over the way it handles claims.
Fla. businesses to see reduced biz rent tax in 2018
Thu, 25 May 2017 14:03:12 +0500
Gov. signs HB 7109 that reduces Fla.'s business rent tax. 2017 Pres. Maria Wells says it "puts $61M back in the hands of businesses to grow and hire more people."
QandA: What do condo insurance policies cover?
Thu, 25 May 2017 14:01:43 +0500
Hurricane season starts June 1, and a condo owner wants to know which policy fixes the building? If he can't live in his unit, does he pay the mortgage during repairs?
Reject the fear of rejection
Wed, 24 May 2017 13:16:52 +0500
Fear can be good. If afraid, you're probably on the right path, pushing boundaries to learn, improve and reach goals. But how you handle fear is also important.
Fla. insurer closes doors: 22,000 policies taken over
Wed, 24 May 2017 13:21:17 +0500
A start-up player, Mount Beacon Insurance Co., is going out of business, and about 22,000 policies have been transferred to Florida Specialty Insurance Co.
Survey: Rising mortgage rates worry young buyers
Wed, 24 May 2017 13:23:52 +0500
Almost 70% of millennials feel pressure to buy a home before mortgage rates rise, but 55% of this group are also discouraged that they'll be able to do so.
NAR: Existing-home sales slip 2.3% in April
Wed, 24 May 2017 13:27:30 +0500
Total existing-home sales dipped 2.3% month-to-month; up 1.6% year-to-year. Median number of days a home was on the market dropped to a new low of 29 days.
Trump administration proposes 2018 HUD budget
Wed, 24 May 2017 13:31:03 +0500
The spending plan lowers HUD's budget by 22.9%, preserves support for 4.5M HUD-assisted households, nixes community block grants and cuts rental assistance.
Fla.'s housing market: Median prices up in April
Wed, 24 May 2017 13:26:24 +0500
Constrained inventory and rising prices remained a prevailing trend with the statewide single-family home median price up 10.3% year-over-year to $234,900; condo median up 7.2% to $172,000.
You can't ignore those automatic software updates
Tue, 23 May 2017 14:26:03 +0500
Grit your teeth and let your computer update itself, say security experts. They serve a crucial purpose as evidenced by the WannaCry ransomware attack victims.
Plan to nix community block grants may be tough sell
Tue, 23 May 2017 14:27:22 +0500
A lot of lawmakers, including some key Republicans, support the work of HUD's Community Development Block Grant program, which the president wants to end.
County tax auctions legal but not fair to small investors
Tue, 23 May 2017 14:29:52 +0500
Some Fla. county rules help small investors compete with big ones in online county auctions, but a judge ruled that their goal, while worthy, isn't always legal.
Can condo board borrow money without membership OK?
Tue, 23 May 2017 14:31:05 +0500
Condo QandA: Also, a board of directors is supposed to have five members, but it's down to four and no one wants to serve. Must they fill that vacancy?
Analysis: Rampant refis ignited housing crisis
Mon, 22 May 2017 13:53:58 +0500
An Urban Institute report suggests that rising prices and easy mortgages didn't cause the last housing downturn, so much as homeowners who refinanced their mortgage and used built-up equity like an ATM machine.
Realtors upbeat about commercial real estate outlook
Mon, 22 May 2017 13:50:52 +0500
While commercial real estate markets face challenges, NAR convention speakers said that Realtors should be confident that 2017 will see continued growth.
Court rules that federal flood claims have limitations
Mon, 22 May 2017 13:49:40 +0500
Federal appeals court: Flood lawsuits against a homeowners' insurer must be submitted within one year of denial and heard in federal – not state – courts.
Tax overhaul: Good or bad for homeowners?
Mon, 22 May 2017 13:47:44 +0500
NAR says the president's proposed tax overhaul plan would hurt homeowners, but it's being hotly debated in real estate circles – and not everyone agrees.