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 17 min ago

Home Prices Rise at Fastest Pace in More Than 6 Years

Tue, 01/26/2021 - 05:01
S&P CoreLogic Case-Shiller: Buyer demand pushed Nov. prices 9.1% higher year-to-year – the biggest increase since May 2014. For 2020, price increases hit a 14-year high.

Jan. Consumer Confidence Rises Thanks to Future Optimism

Tue, 01/26/2021 - 05:01
Americans think current conditions aren’t great – but they’ll get better. The overall index rose more than 2 points but a future expectations index rose 5.5 points. It also had positive housing news, suggesting “the pace of home sales should remain robust in early 2021.”

Citizens Wants Average 7.2% Rate Hike – Up from Earlier 3.7%

Tue, 01/26/2021 - 05:01
The Fla.-operated insurer wanted a 3.7% increase last month but was pressured to request more to make Citizens less desirable than policies offered by private insurers.

Bernie Sanders Mittens Meme Helps Listing Go Viral

Tue, 01/26/2021 - 05:01
Almost every internet photo this week featured a cold Bernie Sanders with knitted mittens, and a Vermont Realtor who placed Sanders on a porch watched the listing go viral.

Volunteering Works: NAR Taking Applications for 2021 Grants

Tue, 01/26/2021 - 05:01
Realtor volunteers can receive $1,000 grants to boost their project and mentoring to help extend their community outreach. Deadline for applications: Feb. 28, 2021.

Report: Net Household Growth for 20 Years Mostly Minorities

Tue, 01/26/2021 - 05:01
Urban Institute: Virtually all household growth (new households minus leaving households) over the next 20 years will be either Hispanic, Black or Asian.

New Face of Luxury Homebuyers: Gen X and Millennials

Mon, 01/25/2021 - 04:01
More than $15T will likely be inherited by Gen X and millennials before 2030. Like their parents, these buyers will also expect excellent above-and-beyond service.

What Does Democratic Control Mean for Homeowners and Buyers?

Mon, 01/25/2021 - 04:01
Pres. Biden considered homeownership an important issue during his campaign and has already instituted some changes. Congress will likely focus on housing-related pandemic aid first and, once the disease fades, turn to other issues, such as a proposed $15K new-buyer tax credit.

COVID-19 Created Unique Mortgage-Approval Obstacles: The Top 3

Mon, 01/25/2021 - 04:01
Debt-to-income ratios became skewed for anyone who temporarily lost a percentage of income, and forbearance programs are giving lenders fits in the loan approval realm.

FHA Evictions Officially Postponed Until March 31

Mon, 01/25/2021 - 04:01
HUD Acting Secretary Matthew Ammon said he acted on Pres. Biden’s request, calling it “a critical first step” to ensure families “will not be forced from their homes.”

Census Analysis: In Population Growth, Fla. No. 2 After Texas

Mon, 01/25/2021 - 04:01
An analysis by Pew Charitable Trusts: 16 states’ populations have declined since the Great Recession, but the big winners are Texas (up 374K) and Fla. (up 241K).

Florida Realtors RE Trends: What’s Ahead for Fla. Real Estate?

Mon, 01/25/2021 - 04:01
Chief Economist Brad O’Connor, NAHB Chief Economist Robert Dietz and others will discuss residential outlook, new-home construction trends, more at Feb. 4 virtual event.

Do Some Buyers Go Too Far In a Bidding War?

Fri, 01/22/2021 - 04:01
The highest offer tends to win a bidding war, but frustrated buyers hoping to increase their odds have made Harry Potter videos and offered sellers Academy Award tickets.

Housing Industry Changes Expected During Biden Administration

Fri, 01/22/2021 - 04:01
Predictions can go spectacularly wrong, but a new focus on consumers could bolster lending rules (CFPB) and perhaps turn Fannie and Freddie into a “utility” (FHFA).

NAR: 2020 Existing Home Sales Hit 14-Year High

Fri, 01/22/2021 - 04:01
U.S. buyers keep snatching up homes as soon as they hit the market. Dec. existing home sales rose 0.7%, and 2020 yearly sales were up 5.6% – the most since 2006.

Fla.’s Housing Market: Strong Gains in Dec. Despite Pandemic

Fri, 01/22/2021 - 04:01
Florida Realtors Dec. data: More closed sales (single-family sales up 21%, condo-townhouse sales up 27.7%), more new pending sales, higher median prices and more new listings year-over-year. Chief Economist O’Connor: Higher pending sales “strongly signal” higher closed sales into 2021.

FHA Now Backing Mortgages for DACA ‘Dreamers’

Fri, 01/22/2021 - 04:01
Immigrants under the Deferred Action for Childhood Arrivals (DACA) program who are legally allowed to work in the U.S. may also now qualify for an FHA loan.

Supreme Court Backs Insurer in Lost Rent Dispute

Fri, 01/22/2021 - 04:01
Fla. Supreme Court: State-run Citizens Property Ins. doesn’t have to compensate a Brevard County apartment owner for rental income lost after hurricane-caused damage.

Dec. Housing Starts Up 5.8% – Single-Family Up 12%

Thu, 01/21/2021 - 05:01
The surge follows a 9.8% increase in Nov. Total housing starts for 2020 increased 7% compared to 2019, but builders voice concerns about “supply-side challenges.”

What Top Stories Do RE Agents Expect in 2021?

Thu, 01/21/2021 - 05:01
According to top agents, 2021 stories will relate in some way to the pandemic, with the tight inventory of homes topping their list. Also: How will vaccinated sellers react? Will a lot decide to list their home this year after months of waiting? And how many homes will go into foreclosure?