Florida Real Estate News
The Internet won't destroy the real estate industry after all
Tue, 28 Mar 2017 14:03:14 +0500
Agents once feared online brokers and instant valuations might take down real estate the way it did travel agencies, but it caused change more than destruction.
Proposal would allow gov't to track every drone flown
Tue, 28 Mar 2017 14:05:07 +0500
A drone manufacturer has proposed a way to improve safety: Make every drone send out its identification code via a constant, repeating radio transmission.
Home prices rose in January by most in 2½ years
Tue, 28 Mar 2017 14:07:12 +0500
U.S. home prices jumped 5.7 % from a year earlier at the fastest pace since July 2014, as a tight supply of houses for sale spurred bidding wars in many cities.
Consumer confidence hits 17-year high
Tue, 28 Mar 2017 14:08:20 +0500
Americans felt pretty good in March. Confidence increased sharply to its highest level since Dec. 2000, with both current and future expectations heading higher.
Fla. a top state when comparing taxes paid to services received
Tue, 28 Mar 2017 14:11:14 +0500
If ROI (return on investment) is applied to taxes, a WalletHub study ranks Fla. third in the nation for the value residents get from the state taxes they pay.
NAR: This is the worst 'housing drought' ever
Tue, 28 Mar 2017 14:09:30 +0500
The number of homes for sale is at the lowest level on record, according to NAR, which began tracking inventory 18 years ago. Some culprits: Too few new homes, too many low-end homes owned by investors and stronger buyer demand.
More mortgage approvals = more mortgage fraud
Mon, 27 Mar 2017 14:18:56 +0500
A major fraud index found that mortgage "defects" – fraud and misrepresentation – rose 4.1% in Feb. But overall, the rate is down 25.5% compared to 2013.
Homeownership hits 50-year record low
Mon, 27 Mar 2017 14:24:34 +0500
Over the past ten years, homeownership rates stumbled, wiping out more than three decades of increases, and dropping from a peak of 69% in 2004 to 63.4% in 2016.
Study: Lowering home values = higher rates of arson
Mon, 27 Mar 2017 14:27:36 +0500
Researchers have long suspected a connection between falling home values and spikes in arson rates, but they lacked supporting evidence until now.
Can condo owner install camera to monitor entrance?
Mon, 27 Mar 2017 14:31:59 +0500
Legal QandA: What does state law say about taking board nominations from the floor? Our board allows "meetings without notice." Is that legal?
Great American Realtor Days kicks off
Mon, 27 Mar 2017 14:36:45 +0500
Realtors across Florida traveled to Tallahassee today for the first full day of Great American Realtor Days (GARD).
When is a credit score not a credit score?
Mon, 27 Mar 2017 14:33:31 +0500
CFPB, the U.S. consumer watchdog, fined Experian – one of the big three credit score agencies – $3M for saying that the scores it sold to consumers were the same ones used by credit agencies when they made lending decisions.
How to overcome aging-at-home obstacles
Fri, 24 Mar 2017 13:55:24 +0500
Home design is critical to helping people "age in place" with entry ramps, wide hallways and accessible no-slip baths so they can stay at home as long as possible.
Most millennials plan to buy first home in next 5 years
Fri, 24 Mar 2017 13:57:46 +0500
HSBC study: Millennials named slow wage growth, rising house prices and a need for better financial planning as challenges to their dream of homeownership.
5 smart reminders for your home sellers
Thu, 23 Mar 2017 12:20:45 +0500
Sellers may overlook some steps that can ease their stress. Realtor.com suggests that sellers should remember to clean everything and to test the doorbell.
U.S. new home sales rise despite higher mortgage rates
Thu, 23 Mar 2017 12:35:23 +0500
Commerce Dept.: New home sales rose 6.1% in Feb. to the fastest pace since July, up about 13% from a year ago. Builders also have ramped up new-home construction.
Realtor.com names top cities for millennials
Thu, 23 Mar 2017 12:33:06 +0500
Economic growth and relative affordability were top draws for the metros. Salt Lake City ranked first, followed by Miami and Orlando, Fla., as No. 2 and No. 3.
Average U.S. 30-year mortgage rate slips to 4.23%
Thu, 23 Mar 2017 12:27:38 +0500
Freddie Mac: Long-term mortgage rates are down from their highest levels of 2017. Last week, the 30-year FRM was 4.30%; the 15-year FRM was 3.50% and now is 3.44%.
Study: Homebuyers create a budget and then spend more
Wed, 22 Mar 2017 12:03:04 +0500
In the current competitive market, 55% of homebuyers will consider going over budget, and they would spend, on average, an additional $37,809 to get into a home.
Fla.'s housing market continues to see rising prices in Feb.
Wed, 22 Mar 2017 12:04:10 +0500
Tight supply still an issue: Single-family home median price up 12.5% year-to-year to $225,000 as sales stayed relatively flat. Condo median price up 11.7% to $167,500; sales up 4.1%. Total U.S. sales down 3.7% month-to-month, up 5.4% year-to-year.