Realtor 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: 20 hours 3 min ago

Owners again starting to cash in on their home's equity

Mon, 12/03/2018 - 04:15
Freddie Mac: Over 80% of homeowners who refinanced in the third quarter took out more than their mortgage balance – and some may now pay a higher interest rate.

U.S. push to cut back on home appraisals sparks controversy

Mon, 12/03/2018 - 04:14
The administration wants to eliminate professional appraisals on home sale transactions less than $400K. Critics say the change could push the country back toward the see-no-evil days of mortgage lending that preceded the housing crash.

U.S. economy grew at brisk 3.5% annual rate last quarter

Mon, 12/03/2018 - 04:13
Home sales may be sluggish but the economy is booming thanks to strong consumer spending and business investment. It's the healthiest economic growth in 13 years.

Homes close to a highway – but not too close – worth more

Mon, 12/03/2018 - 04:12
Easy access to transportation is "generally positive" for increasing a home's value, but noise and traffic density negates the impact for highway-adjacent homes.

Assignment of benefits isn't bad – but rampant abuse is

Mon, 12/03/2018 - 04:11
After a disaster, homeowners may assign their insurance (AOB) to a third party, but Fla. laws make it easy for these people to over-charge insurance providers.

Is it smart to tap home equity to delay Social Security?

Mon, 12/03/2018 - 04:10
Social security checks go up 8% each year between age 62 and 70, so some owners are choosing to live off equity for a few years to boost long-term payments.

Fed shifts gears, may not push interest rates much higher

Thu, 11/29/2018 - 04:21
Fed Chair Powell now says interest rates are "just below" where they should be. For buyers, it suggests that ARM rates, and maybe FRMs, could stabilize.

NAR: Pending home sales slip 2.6% in October

Thu, 11/29/2018 - 04:21
Year-over-year contract signings dropped 6.7% – the tenth straight month of annual decreases. Still, NAR chief economist Yun is "very optimistic ... long-term prospects look solid; we just have to get through this short-term period of uncertainty."

Mortgage rates steady – 30-year still at 4.81%

Thu, 11/29/2018 - 04:20
U.S. long-term mortgage rates barely budged this week after marking the biggest drop in nearly four years a week earlier.

What happens to a house after one spouse dies?

Thu, 11/29/2018 - 04:18
In most cases, a surviving spouse owns the house and can do what he or she wishes with it – but many factors can affect this, including how the house is titled.

Investors showing interest in Opendoor and Offerpad homes

Thu, 11/29/2018 - 04:18
Institutional investors who buy 10+ properties may be turning to iBuyers since their other sources of inventory, such as foreclosures, have largely dried up.

Listing presentation bottom line: What's my home worth?

Thu, 11/29/2018 - 04:17
84% of Realtors say the home valuation is "extremely important" in a presentation, and 40% of owners ask for it before meeting – and 50% of agents provide it.

FHFA increases max loan rates for 2019

Wed, 11/28/2018 - 04:38
The fed agency that creates conventional loan limits for Fannie Mae and Freddie Mac will raise max amounts 6.9% – to $484,350 for most single-family 2019 loans.

Senators focus on keeping flood insurance program open

Wed, 11/28/2018 - 04:35
If Congress does nothing, FEMA won't issue any new flood policies after Friday to homebuyers or owners who need to renew. Bipartisan senators from Fla., La. and N.J. are now battling just to get another short-term extension.

New-home sales decline 8.9% in October

Wed, 11/28/2018 - 04:33
Sales dropped even as the number of newly built, unsold homes on the market climbed to its highest level since 2009; 4 of last 5 months have now had a decline.

Realtor.com 2019 forecast: Expect some challenges

Wed, 11/28/2018 - 04:31
Economist: Millennials will take out 45% of all loans in 2019; prices will grow only 2.2% and inventory will grow 7% as higher rates and prices impact the market.

Scammers targeting homes owned by older adults

Wed, 11/28/2018 - 04:30
A letter may arrive with a contract and offer of $750,000 for a home worth $1.5 million. Scammers hope at-risk older owners will simply sign the contract.

Brokers: Give your agents a branded 31-hour training program

Wed, 11/28/2018 - 04:29
Train new agents and offer focused help to seasoned agents for $199. Florida Realtors Real Estate Success Series offers rock-solid training that brokers can personalize.

Which Fla. county has cheapest homeowners insurance rates?

Wed, 11/28/2018 - 04:24
A Fla. Chamber index compares cost-to-income by county/ It finds Sumter No. 1 for affordability; Miami-Dade is last. Select county by dropdown menu and click "heat map." (Link underlined to: https://thefloridascorecard.org/pillarandc=0andpillar=4

Case-Shiller: Home prices rise more slowly amid weaker sales

Tue, 11/27/2018 - 05:22
The 20-city home price index rose 5.1% year-to-year, but that's down from 5.5% last month. Home price increases have been slowing for six straight months.