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 51 min ago

Study: How Does Credit Scoring Impact Fair Lending?

Fri, 04/09/2021 - 05:04
A study released during an NAR virtual Fair Housing event finds new scoring models open doors and boost minority homeownership. Older credit-score models “raised the cost to borrow while limiting access … for minority populations and rural communities,” says NAR President Oppler.

JPMorgan CEO Foresees Post-Pandemic Boom

Fri, 04/09/2021 - 05:04
JPMorgan Chase CEO Jamie Dimon calls robust consumer savings and a $2T infrastructure plan the economic “Goldilocks scenario” for fast and sustained growth into 2023.

NAR: Florida Realtors Passes Calif. as Largest State Association

Fri, 04/09/2021 - 04:04
Realtor membership fluctuates year-to-year and even week-to-week, but NAR’s membership report on March 31 finds 5,118 more Realtors in Fla. than in No. 2 Calif.

Moving Trends Called ‘the Great Reshuffling’

Fri, 04/09/2021 - 04:04
Buyers are moving to smaller cities and more affordable states: renters are buying or moving out of the city. The demographic changes will impact more than real estate.

HUD Announces $5B to Help Homeless; Fla. to Get $254M

Fri, 04/09/2021 - 04:04
Of the Fla. cities and counties allocated funds for fighting homelessness, Miami-Dade County tops the list with $17.6M, followed by Broward with $14M.

Appeals Court Ruling Casts Doubt on ADA Compliant Websites

Thu, 04/08/2021 - 07:04
While brokers should still strive to make websites accessible for disabled users, an appeals court ruling suggests that until wording of the current law is changed, websites are not places of public accommodation. The issue remains fluid, but it may bring relief to brokers facing ADA website accessibility lawsuits.

Lawmakers OK Trust Funds Cut, Now On to Budget Reconciliation

Thu, 04/08/2021 - 05:04
The Legislature permanently cut affordable housing trust funds 50%, up from the 66% initially proposed. Florida Realtors will advocate for more during budget reconciliation.

Mortgage Rates Dip – First Time Since January

Thu, 04/08/2021 - 05:04
The 30-year mortgage rate dropped to 3.13% this week from 3.18% last week; it was 3.33% a year ago. High prices and limited supplies continue to impact buyers.

Lenders Are Tightening Up on Mortgage Loans

Thu, 04/08/2021 - 04:04
MBA: Mortgage credit availability has hit its lowest level since 2014. In 4Q 2020, the median credit score for approved mortgages was 786.

Stay Top of Mind with Potential Clients – But Don’t Annoy Them

Thu, 04/08/2021 - 04:04
The best marketing tactic to pull in potential customers is not to seem as if you’re marketing to them at all. Start by making it sound like education.

Relocations from San Francisco to Fla. Up 46% in 2020

Thu, 04/08/2021 - 04:04
CBRE study: Miami metro area saw a 49.4% gain in San Francisco transplants from 1,190 moves in 2019 to 1,778 in 2020, in part due to the ability to work remotely.

Understanding One of the Obstacles to Closing Deals: Traffic

Wed, 04/07/2021 - 04:04
Florida Realtors economists: If the home is great but the traffic in the surrounding area is not, the deal might fall through. But a cool traffic tool can empower you to know if traffic in that home’s neighborhood will get the “green light.”

Condo Q&A: Who Can Approve Association Expenses?

Wed, 04/07/2021 - 04:04
Also: A board member also owns a home watch business and provides home watch services to many of the building’s units. Is that a conflict of interest?

Buying Homeowners Insurance? Ask 4 Questions First

Wed, 04/07/2021 - 04:04
For many homebuyers, property insurance is a detail, a box to be checked off on the way to closing. But details are important and missteps can be expensive.

Commercial RE Forecast: Strength – and Lots of Uncertainty

Wed, 04/07/2021 - 04:04
Higher interest rates help investors, but it’s a big unknown for developers. People are rushing to sweeping conclusions, and “We don’t know which way it’s going to go.”

If You Sell a House, the Buyer Might Be a Pension Fund

Wed, 04/07/2021 - 04:04
D.R. Horton sold an entire subdivision of single-family homes to online investor Fundrise LLC, as more yield-chasing investors buy homes to rent out or flip.

Today’s Housing Market? ‘Not the Time for Amateurs’

Wed, 04/07/2021 - 04:04
It may be possible to buy a home without the help of a Realtor – but it’s hard to see how given today’s multiple bid competitions for a limited number of homes.

HUD’s Low-Income Housing Grant Doubles in Size

Tue, 04/06/2021 - 05:04
States will get almost $700M in federal grants this year, a special program for low-income housing. It’s more than double the amount HUD sent out last year.

CFPB Proposes Rules to Prevent or Delay Foreclosures

Tue, 04/06/2021 - 05:04
After warning mortgage servicers not to repeat their Great Recession mistakes, the consumer bureau proposed actual rules to prohibit starting foreclosures before Dec. 31, 2021, with a few possible exceptions – such as proof that they’ve unsuccessfully tried to contact unresponsive owners.

To Stage or Not to Stage? NAR Study Finds It Helps

Tue, 04/06/2021 - 05:04
82% of Realtor buyers’ agents say staging helps buyers visualize a property; and 7 out of 10 agents say the pandemic added value to photos, videos and virtual tours.