Florida Real Estate News
Average 30-year mortgage rate rises to 4.47% this week
Thu, 19 Apr 2018 13:53:17 +0500
The rate rose from last week's 4.42%, according to Freddie Mac, and slightly worsened affordability for homebuyers.
'Nonprime' loans expand mortgage options
Tue, 17 Apr 2018 14:53:08 +0500
Banks have money to lend yet fewer applications, so one lender is qualifying borrowers with FICO scores as low as 500 and manually underwriting each loan.
What if your ready buyer isn't really ready?
Thu, 19 Apr 2018 13:41:56 +0500
A real estate pro's job is to guide buyers through the process – even if that means telling them to wait until they can afford the higher costs of homeownership.
Investing? Fla. location matters most as appreciation slows
Wed, 18 Apr 2018 14:24:44 +0500
As the recession ended, almost all Fla. cities were an investment opportunity. But now a handful of smaller cities see the most dramatic home price increases.
Help! Florida Realtors needs you for a 2019 committee
Wed, 18 Apr 2018 14:11:01 +0500
Deadline: 11 days. Fla.'s Realtors succeed only if members sign up and serve. Download and review committee descriptions and submit your application before May 1, 2018. http://www.floridarealtors.org//FARBusiness/FARCommittees/index.cfm
FEMA changes encourage private flood insurance
Mon, 16 Apr 2018 13:54:23 +0500
Only Congress can make major NFIP changes, but FEMA lifted some restrictions: Owners who go private no longer pay two bills, and insurers can offer both policies.
Make Magic: Florida Realtors 102nd Convention and Trade Expo
Tue, 17 Apr 2018 14:45:48 +0500
It's $150 to register now for 35 education sessions (5 CE and an NAR-approved ethics course) during the association's Aug. 8-9 convention in Orlando. Find out more now. http://convention.floridarealtors.org
The Property Brothers: How they did what they did
Tue, 17 Apr 2018 14:46:40 +0500
USA Today interviewed Drew Scott who, along with his twin brother Jonathon, kicked off a mega-property-flipping business with $250. How did they do it?
'Don't miss out' may be top millennial marketing tip
Wed, 18 Apr 2018 14:11:48 +0500
Fear of missing out – or FOMO, according to millennials – has become a powerful motivator for young buyers to pursue homeownership, according to a BofA survey.
5 signs that it's time to remodel the office
Mon, 16 Apr 2018 13:48:08 +0500
If the paint is peeling or the floor worn, it's time – but even okay-looking real estate offices may need work if they don't reflect the company's brand image.
Tax cuts aren't good news if you plan to get a mortgage
Tue, 17 Apr 2018 14:52:26 +0500
Experts see two trends that will push mortgage rates higher: 1) Inflation, thanks to a stronger economy, and 2) the U.S.'s greater need to borrow money, which means that businesses and consumers (homebuyers) will have less funds to access.
Many Hurricane Irma insurance claims still not settled
Mon, 16 Apr 2018 13:53:28 +0500
As the next hurricane season looms, fewer than 57% of 942,000 Hurricane Irma insurance claims have been closed with insurance payments, state records show – and state-owned Citizens has reopened more than one-third of its Irma claims.
NAR report: U.S. housing supply and affordability at odds
Thu, 19 Apr 2018 13:50:43 +0500
Rising mortgage rates and home prices have made ownership less affordable, especially for first-time buyers, though a handful of metros – including North Port-Sarasota and Palm Bay-Melbourne –have seen affordability increase over the past year.
Summit: Brokers must adapt to agents – and help agents adapt
Wed, 18 Apr 2018 14:23:50 +0500
What were the eye-openers at the recent NAR Broker Summit? For one, tech has changed. The latest is no longer a strong marketing tool, but "big data" may help some companies thrive. And watch statistics: Your market has changed substantially.
Does master association trump neighborhood groups?
Mon, 16 Apr 2018 13:52:00 +0500
Legal QandA: A large HOA has sub-HOAs. What happens if rules conflict? Also: We didn't have a quorum and couldn't hold our scheduled election. Now what?
Have a private router? Prepare for a Russian cyberattack
Thu, 19 Apr 2018 13:49:54 +0500
Most wireless internet access goes through private routers, which makes them a one-stop shop for cyber-attackers who want to uncover all your passwords at once.
Housing starts rise in March – but not single-family
Tue, 17 Apr 2018 14:50:30 +0500
U.S. housing starts rose 1.9% last month, but the single-family component fell 3.7% as apartment starts surged 16% higher.
Insurance Institute ranks Fla. No. 1 for building codes
Wed, 18 Apr 2018 14:19:08 +0500
In an assessment of 18 hurricane-prone states' residential building code systems, Fla. got the highest score – 95 out of 100.
Doggone confusion over service, support animals
Tue, 17 Apr 2018 14:48:48 +0500
Comfort animals differ from support animals; housing industry laws differ from other businesses; and two different U.S. agencies oversee the issue.
Florida Realtors, Canadian Real Estate Assn. sign agreement
Mon, 16 Apr 2018 13:51:07 +0500
A Memorandum of Understanding will encourage collaboration and the development of mutual opportunities to benefit the two organizations' collective memberships.