Florida Real Estate News
Equal access to all RE websites? Feds get 9M comments
Thu, 20 Jul 2017 14:53:30 +0500
Should consumers be able to view a website faster if the website's owner paid a fee? That proposal stirred debate, and NAR came out against it earlier this week.
JP Morgan Chase pays $55M over racial discrimination
Thu, 20 Jul 2017 14:51:34 +0500
The U.S. alleges that the bank discriminated against 53K mortgage borrowers. JP Morgan denies the accusation, but it agreed to settle the charges anyway.
Google Search getting a lot more personal
Thu, 20 Jul 2017 14:50:27 +0500
Fla. foreclosures down 56% in two years
Thu, 20 Jul 2017 14:55:30 +0500
ATTOM's first half of 2017 report: Year-to-year, the Fla. foreclosure rate dropped 34%, and its No. 1 status a few years ago dropped to No. 7 this year. The state's foreclosure process still takes a long time, however – an average 3.3 years.
Mortgage rates drop below 4%
Thu, 20 Jul 2017 14:56:56 +0500
After two weeks of increases that took the 30-year fixed-rate mortgage to 4.03%, it dropped back this week to an average 3.96%.
Real estate QandA: I can't cut down my own tree?
Thu, 20 Jul 2017 14:54:40 +0500
A homeowner was preparing to cut down a backyard tree that drops leaves in his pool until a neighbor said he needed a permit to do so. Can that be right?
Housing starts rebound 8.3% in June to four-month high
Wed, 19 Jul 2017 14:29:02 +0500
In May, experts wondered if the drop in housing starts was an anomaly, and June's surge suggests that it was. In addition, building permits rose 7.4%.
HUD pledges to fight homelessness amid budget cuts
Wed, 19 Jul 2017 14:23:12 +0500
Sec. Ben Carson pledged to "work toward a time when no family is without a home," even though the Trump administration has proposed 14.5% cuts to HUD's budget.
Gen X still hurting as top victims of the housing crisis
Wed, 19 Jul 2017 14:18:06 +0500
The recession hit when today's 35-50 year olds should have been buying homes, and the foreclosure wave and bad job market hurt them more than other generations.
Many millennials have a YOLO budget (You Only Live Once)
Wed, 19 Jul 2017 14:11:22 +0500
Millennials want to buy a home, but YOLO makes it tough. Realtors who find a way to introduce FOMO budgeting (fear of missing out) may create new clients.
The Property Brothers: Lots of money to be made in real estate
Wed, 19 Jul 2017 14:27:05 +0500
However, a lot of people "lose a lot of money because they don't know what they're doing," says brother Jonathan Scott. The twin celebrities of home renovation TV shows say it takes know-how to invest in the real estate business.
July builder confidence slips over supply-cost fears
Tue, 18 Jul 2017 14:02:46 +0500
The lowest reading since Nov. 2016 is based, in part, on fears about the rising cost of supplies, notably lumber from Canada that now faces potential tariffs.
NAR: Foreign investment surges 49% – hits record high
Tue, 18 Jul 2017 14:03:53 +0500
A substantial increase in sales dollar volume from Canadians pushed foreign investment in U.S. real estate to an all-time high, and Fla. was the top draw with 22% of all U.S. transactions. Second-place Texas and Calif. each had 12%.
NAR balks at FCC proposal, says industry needs open internet
Tue, 18 Jul 2017 14:04:50 +0500
The FCC wants to allow internet providers to charge website owners for faster loading, but NAR says that would limit consumers' access to real estate listings.
What does today's 'dream home' look like?
Tue, 18 Jul 2017 14:01:46 +0500
What do Americans click most on home remodeling websites? Currently, they're drawn to modern, high-end finishes, spa-like bathrooms and chic industrial features.
Some green homes could be toxic
Tue, 18 Jul 2017 14:00:43 +0500
A tightly sealed home can reduce heating/cooling costs and minimize its environmental impact, but stale recirculated air can also cause health problems.
First-time buyers ask Google their questions
Tue, 18 Jul 2017 13:59:27 +0500
Study: Google searches related to buying a first home surged to 44% of all home-buying-related search activity – an 11-percentage point year-to-year increase.
Study: Best U.S. cities for first-time homebuyers
Mon, 17 Jul 2017 13:27:28 +0500
WalletHub looked at affordability, quality of life and real estate market health in 300 cities. While Miami ranked toward the bottom, five Fla. cities landed in the top third, including two S. Fla. markets. Tampa led Fla. cities at No. 31.
Condo QandA: Estoppel fees and commercial leases
Mon, 17 Jul 2017 13:05:10 +0500
Can you summarize the new estoppel fee requirements? And our association has some commercial tenants with no written leases. Is this legal?
New twist to Craigslist scam: Changing the locks
Mon, 17 Jul 2017 13:25:13 +0500
Fake "rental" info using data from a real home listing is common on Craigslist, but a Ga. scammer broke in, changed locks and gave keys to unsuspecting renters.