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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 7 min ago

Study: Housing market underperforming by 6.5%

Mon, 11/19/2018 - 03:38
Study: Higher mortgage rates don't impact buyers so much as sellers. Buyer demand is strong enough to overcome slight increases in interest rates, but many potential sellers aren't selling because they'd have to forego their current ultra-low rate.

Student loan debt hurts millennials and women most

Mon, 11/19/2018 - 03:37
Up 130% since 2008, student loan debt has surpassed $1.5 trillion It makes up 42% of total U.S. consumer debt and women owe about two-thirds of that total.

More buyers reaching for ARMs in high-priced markets

Mon, 11/19/2018 - 03:36
Adjustable-rate mortgages made up 51% of the dollar volume of loans greater than $1 million in Aug., though the gap between ARMs and FRMs is starting to narrow.

Nov. builder confidence drops as affordability issues rise

Mon, 11/19/2018 - 03:35
The monthly index fell 8 points to 60. It's still in positive territory, but more builders surveyed saw buyers pause due to home price and interest rate concerns.

WalletHub creates 'best cities for Florida families' list

Mon, 11/19/2018 - 03:34
Oviedo, Fruit Cove, Horizon West, Parkland and Palm Valley top WalletHub's best-for-families list that ranked 180 Fla. cities based on 21 key metrics. https://wallethub.com/edu/best-worst-cities-for-families-in-florida/17258/

FinCEN expands buyer-identity rules to more cities

Fri, 11/16/2018 - 03:54
A program that fights money laundering by banning anonymity for buyers in three S. Fla. counties was renewed and extended to metros in five more states.

Study: Higher interest rates don't stop millennial buyers

Fri, 11/16/2018 - 03:53
Millennials still show a preference for conventional loans. In Sept., 68% of all loans were conventional; 27% FHA and 2% VA, reports Ellie Mae, which says the industry should "educate these buyers on the options... available to them."

White House says it will address Fannie, Freddie issues

Fri, 11/16/2018 - 03:52
The GSEs went under government control during the recession, and while most experts agree that it must change, little has been done yet to fix the problem.

New iPad Pro does well vs. Air – for a price

Fri, 11/16/2018 - 03:51
Many Realtors use iPad pros for their listing presentations, and Apple just released a "major" update. Is it worth investing in the latest version?

FHA releases 2018 annual report to Congress

Fri, 11/16/2018 - 03:50
According to the report, FHA's Capital Reserve Ratio remains above the minimum required by law – a problem spot when the nation was recovering from the recession.

How much will you give me for this $159M mansion?

Fri, 11/16/2018 - 03:49
A 58K-square-foot Hillsboro Beach home was sold to the highest bidder last week. It's the latest example of an emerging trend: Auction sales for high-end homes.

Average mortgage rates flat to higher: 30-year 4.94%

Thu, 11/15/2018 - 04:31
The 30-year FRM didn't change this week and remains at an almost 8-year high, though the 15-year fixed-rate mortgage rose from last week's 4.33% to 4.36%.

Older homeowners could spark next buyers' market

Thu, 11/15/2018 - 04:30
Harvard report: Adults older than 50 own 50% of all U.S. homes, and many aren't financially ready to retire with inadequate savings after the recent recession. Many may be forced to sell, especially if they carry a mortgage and unexpected bills come in.

Fed may raise interest rates at slower pace than predicted

Thu, 11/15/2018 - 04:29
Wall St. seems to expect a Dec. interest rate increase but fewer in 2019 as inflation and employment growth slows, plus tax-reform boosts seem to be stalling.

NAR commercial report: Higher volume, higher Realtor incomes

Thu, 11/15/2018 - 04:28
Commercial is "on pace with the growing economy." There's "a slight decrease in transactions," but brokers cited improved markets and business activities.

Citizens Property Ins. avoids major hit following Michael

Thu, 11/15/2018 - 04:26
The Fla.-owned insurer says the 3,189 claims filed so far ($142M in losses) will not impact its financial stability, and it has "ample surplus to pay claims."

Mass. man pretends he's a broker to dupe female agents

Thu, 11/15/2018 - 04:25
Your texting broker may not be your broker. Someone is spoofing brokers' cell numbers so female agents who receive a text requesting a meeting think it's safe.

NAR global awards honor Florida Realtors, local associations

Wed, 11/14/2018 - 04:56
The Platinum Global Achievement Program Award recognizes Florida Realtors' "exceptional commitment to building awareness of global opportunities."

Some millennials may be gambling on falling home prices

Wed, 11/14/2018 - 04:54
A decade ago, homebuyers kept an eye on mortgage rates but feared waiting to buy, knowing that home prices would continue to go up. Some millennials that saw recession-era price drops, however, may be choosing a wait-and-see tactic.

J.D. Powers lists top consumer-rated lenders for 2018

Wed, 11/14/2018 - 04:46
USAA and Navy Federal Credit Union scored highest but weren't included in rankings, which were topped by Quicken Loans and Fairway Independent Mortgage.