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Fla. Residents Less Confident, Wary of U.S. Economy

Realtor News - Tue, 09/28/2021 - 04:09
Consumer sentiment dropped for the second month in a row, though attitudes about personal situations rose – both current outlooks and expectations for next year.

Is It Worth Doing a Podcast if No One Listens?

Realtor News - Tue, 09/28/2021 - 04:09
A podcast can connect you to a lot of people and being “the community expert” can draw in a lot of leads. If you’re going to do a podcast, focus on that local insight.

U.S. Confidence Fell in Sept. as Delta Variant Spread

Realtor News - Tue, 09/28/2021 - 04:09
National consumer confidence fell for the third month in a row. Economist Lynn Franco says the delta variant spread dampened optimism, but inflation fears eased a bit.

U.S. Confidence Fell in Sept. as Delta Variant Spread

Realtor News - Tue, 09/28/2021 - 04:09
National consumer confidence fell for the third month in a row. Economist Lynn Franco says the delta variant spread dampened optimism, but inflation fears eased a bit.

NAR: America’s Top 10 Commercial Office Markets of 2021

Realtor News - Tue, 09/28/2021 - 04:09
Of the top 10, three are in Fla. NAR says it analyzed 390 commercial real estate markets and found a “robust recovery with positive net absorption and strengthening rents across the multifamily, industrial and retail property markets.” However, the office sector continues to struggle.

NAR: America’s Top 10 Commercial Office Markets of 2021

Realtor News - Tue, 09/28/2021 - 04:09
Of the top 10, three are in Fla. NAR says it analyzed 390 commercial real estate markets and found a “robust recovery with positive net absorption and strengthening rents across the multifamily, industrial and retail property markets.” However, the office sector continues to struggle.

What Is Gentrification – and Why Is It Good or Bad?

Realtor News - Mon, 09/27/2021 - 04:09
It means a neighborhood is changing from low-income to trendy. It’s good for early buyers, but it’s bad for lower-income owners who can no longer afford to live there.

NAR: Vacation Homes Will Defy Any Market Slowdown

Realtor News - Mon, 09/27/2021 - 04:09
While overall home sales show signs of cooling as prices rise and buyers step back, NAR Economist Yun doesn’t see that reflected in sales of vacation homes.

Sound More Confident by Avoiding These Phrases

Realtor News - Mon, 09/27/2021 - 04:09
Here’s one: “Sorry,” often used as “Sorry to bother you, but …” If you often offer an unnecessary apology, it makes you sound somewhat timid.

Renters Uncertain About Their Future

Realtor News - Mon, 09/27/2021 - 04:09
Low interest rates and a severe shortage of homes for sale are contributing to rising costs for renters and would-be homebuyers, even as more rental homes are sold.

Many Overly-Confident Sellers Price Their Home Too High

Realtor News - Mon, 09/27/2021 - 04:09
Homeowners have read bidding-war stories and heard about homes selling for thousands of dollars more than asking price. Now they’re becoming sellers and think they can overprice their property, but the market is seeing more price reductions – 9.4% in Aug., says Zillow, up from 8.6% in July.

State-Run Insurer Considering 3 Ways to Trim Policy Numbers

Realtor News - Mon, 09/27/2021 - 04:09
Citizens, the state-owned property insurer, is expected to have 1M policies by 2022. It’s looking at new tactics that could force covered owners to get private coverage.

Making the MLS More Transparent: NAR Committee Recommendations

Realtor News - Fri, 09/24/2021 - 04:09
NAR’s Technology Board made recommendations that will go into effect if approved by a Multiple Listing Service committee and NAR’s board. Among them: Participants can’t represent that their services are free, and listing ads can’t be sorted or filtered based on the level of compensation a cooperating broker offers.

A Sept. 30 Government Shutdown Could Impact Real Estate

Realtor News - Fri, 09/24/2021 - 04:09
If Republicans and Democrats fail to reach agreement by Sept. 30, some services – such as NFIP, IRS and more – could slowly shut down, possibly delaying transactions.

Homebuying, Stress and the Things Couples Fight About

Realtor News - Fri, 09/24/2021 - 04:09
Couples may happily disagree in life, but when they have to share a home the differences can come to the forefront. The top reason for a fight? A home’s price.

August New Homes Sales Rise for Second Straight Month

Realtor News - Fri, 09/24/2021 - 04:09
U.S. Commerce: Sales of new homes last month were up 1.5%, reaching a seasonally adjusted annual rate of 740,000 – more than economists expected.

8 Experts: Sky-High Housing Prices Won’t Fall

Realtor News - Fri, 09/24/2021 - 04:09
Today’s market isn’t like the boom-bust cycle leading up to the Great Recession: Tough loan standards are the norm, plus many factors have kept housing supply low.

HUD Rolls Out AI Platform to Fight Fraud in Grant Spending

Realtor News - Fri, 09/24/2021 - 04:09
Called Argus, the risk management platform’s artificial intelligence capabilities should reduce HUD’s time spent manually monitoring program grantees by over 75%.

Appraisal Valuation Gap Uncovered in Minority Areas

Realtor News - Thu, 09/23/2021 - 04:09
A Freddie Mac study of 12M appraisals found that 13% of homes in Black neighborhoods were below contract price; in white tracts, it was 7.4%; in Latino it was 9.4%.

Mortgage Rates Up this Week, but Only a Bit

Realtor News - Thu, 09/23/2021 - 04:09
The 30-year fixed-rate mortgage averaged 2.88% this week, a small increase from last week’s 2.86%. Freddie Mac credits foreign investors for keeping rates low.
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