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Florida Realtors News

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Florida Realtors®, formerly known as the Florida Association of Realtors®, serves as The Voice for Real Estate® in Florida. It provides programs, services, continuing education, research and legislative representation to its 115,000 members in 67 boards/associations.
Updated: 2 hours 22 min ago

Mortgage rates increase after lengthy decline

Thu, 09/21/2017 - 06:00
Average long-term mortgage rates rose to 3.38% in Freddie Mac's weekly survey – the first FRM increase in almost two months.

It's official: Fed will start selling bonds

Thu, 09/21/2017 - 05:59
Experts have predicted rising mortgage rates for a long time, but this bond sale is a new twist that will probably at least nudge FRM rates slightly higher. But in a nod to weak inflation, the Fed cut its 2019 projection from three rate increases to two.

An unusual rental agreement in exchange for a downpayment

Thu, 09/21/2017 - 05:58
A company gives buyers a downpayment in exchange for the right to use one of their bedrooms for up to three years – a room the company will rent out via Airbnb.

Fla. tamed un-friendly condo associations on July 1

Thu, 09/21/2017 - 05:57
Significant law changes codified criminal penalties for directors – particularly ones related to conflicts of interest – and improved transparency.

4 things you really wish your sellers knew

Thu, 09/21/2017 - 05:45
The seller thinks her "doll room" is cute; buyers think it's a horror-movie scene. How do you get the dolls packed away without hurting the seller's feelings?

FHA allows transactions to proceed with immediate reinspection

Wed, 09/20/2017 - 05:54
FHA loans require a post-disaster inspection in declared catastrophe areas, but a rule that could delay closings is waived.

Hurricane Irma damage could be as high as $65 billion

Wed, 09/20/2017 - 05:37
Irma's 185-mph winds seemed to be the biggest menace, but a CoreLogic study found that damage caused by flooding will cost homes and businesses more money.

Fla.'s housing market continued positive track in Aug.

Wed, 09/20/2017 - 05:33
Statewide sales, listings and median prices rose: Existing single-family median price up 6.7% year-over-year, condo median price up 6.3%.

NAR: U.S. existing-home sales down 1.7% in August

Wed, 09/20/2017 - 05:31
"Steady employment gains, slowly rising incomes and lower mortgage rates generated sustained buyer interest all summer ... but not more home sales," says NAR's Yun.

CoreLogic: Mortgage fraud on the rise

Wed, 09/20/2017 - 05:30
There was an indication of mortgage fraud on an estimated 13,404 applications for single-family loans during 2Q, or almost 1% of all residential loan applications.

Good people + training = great customer service

Wed, 09/20/2017 - 05:26
Brokers or team leaders who want "great customer service" to define them must hire empathetic people and habitually recognize and reward great service.

Irma's Fla. insurance claims already near $2 billion

Tue, 09/19/2017 - 04:35
State officials say Hurricane Irma has already exceeded claims and losses (335,000 claims, $1.9B in property losses) from the two Fla. hurricanes last year.

SE Fla. real estate market OK despite Irma's punch

Tue, 09/19/2017 - 04:33
Beyond uprooted trees, debris in the streets and minor damage, Hurricane Irma's effect on South Fla.'s vibrant real estate market is not likely to be much more than the hassles of delayed construction and closings, industry observers say.

Housing starts fall 0.8% – second straight monthly drop

Tue, 09/19/2017 - 04:31
A steep drop in multifamily construction (down 5.8%) more than offset a gain in single-family-home building (up 1.6%).

Can the Equifax breach hurt home sales?

Tue, 09/19/2017 - 04:29
For buyers trying to get a mortgage, the data breach – it included Social Security numbers, addresses and credit cards – could stall approval or perhaps block it.

Homes built to stricter standards fared better during Irma

Tue, 09/19/2017 - 04:28
Fla. Home Builders CEO Rusty Payton says feedback on Irma's impact on tougher-building-code homes so far is positive – but evidence is still preliminary.

NAR: Student debt delays millennial homeownership by 7 years

Mon, 09/18/2017 - 05:28
Despite being in prime home-buying years, a majority of millennials with student debt currently don't own a home – and many believe student debt is the reason.

IRS offers tax relief to Hurricane Irma victims

Mon, 09/18/2017 - 05:10
Some Fla. Hurricane victims now have until Jan. 31, 2018, to file certain individual and business returns or make tax payments, the Internal Revenue Service says.

Claims pour into Florida insurers; can they handle losses?

Mon, 09/18/2017 - 05:08
Hurricane Irma caused a significant amount of damage that Fla.'s insurers must fix.

NAR to Congress: Tax reform proposals threaten homeowners

Mon, 09/18/2017 - 05:06
Realtors took their concerns over tax reform to Capitol Hill last week, telling senators that current proposals would hurt middle-class homeowners.


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