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: 4 hours 45 min ago

Flipping Rates Fall as Home Prices Rise

Fri, 06/18/2021 - 05:06
ATTOM: Only 2.7% of single-family homes and condos in 1Q were considered a house flip down from 4.8% during 4Q 2020 and from 7.5% year-to-year.

Economists Evaluate Commercial Real Estate’s Recovery

Fri, 06/18/2021 - 05:06
REIT magazine interviews: Five economists generally agree that commercial real estate is recovering from pandemic shutdowns, though that will vary by sector and geography. Still, there’s a light at the end of the tunnel, and the U.S. will recover faster than the rest of the world.

Airbnb: No Listings Coming from Pandemic-Era Evictions

Fri, 06/18/2021 - 05:06
Airbnb wants to “send a strong message” that helps keep people in homes and won’t accept new short-term rentals if told a tenant was evicted for nonpayment of rent.

RE Q&A: House Paid Off but Ex-wife’s Name Still on Deed

Fri, 06/18/2021 - 04:06
A divorce decree that awards the house to one spouse is akin to a set of instructions – and difficult situations can arise if those steps aren’t completed.

Uptick in Lender Complaints Over Maternity Leave

Fri, 06/18/2021 - 04:06
When considering loan applications, lenders can’t consider maternity leave without violating a Fair Housing Act protected class. But complaints suggest some do anyway.

Hydrologist: The 100-Year Flood Isn’t What You Think

Fri, 06/18/2021 - 04:06
If a home in a 100-year flood zone was submerged five years ago, it’s not necessarily safe for 95 years. Each year it has a 1% chance of flooding, regardless of history.

Mortgage Rates Drop Again, Falling to Average 2.93%

Thu, 06/17/2021 - 04:06
Inflation hasn’t pushed mortgage rates higher because the market believes it’s only temporary, says Freddie Mac chief economist.

Zoom Entices Workers to Declutter Their Homes

Thu, 06/17/2021 - 04:06
The downside to Zoom calls? Hundreds of people see your home – and how well you clean. While 73% clean more, 18% feel “house shame” and use virtual backgrounds.

NAR: Vacation Home Sales Rose 16.4% in 2020

Wed, 06/16/2021 - 05:06
Lee County tops NAR’s list of U.S. counties for the highest increase in vacation home sales, with Collier County also making the top 10 list. In 2020, vacation home sales were 5.5% of total existing-home sales; in 2019, they were 5%. Vacation home median prices were up 14.2%.

Housing Crisis Requires Once-In-A-Generation Response

Wed, 06/16/2021 - 05:06
Calling the current housing shortage “dire, with a chronic shortage of affordable” homes, NAR suggests steps to take but warns it requires a “major national commitment.”

Put Sellers’ Pets in Listing Photos? The Internet Loves It

Wed, 06/16/2021 - 04:06
On the one hand, it shows a home is pet friendly and great for families. It also draws in more homebuyers. On the other hand, it could suggest pet odor problems.

Single-Family Rents See Largest Yearly Increase in 15 Years

Wed, 06/16/2021 - 04:06
CoreLogic: The cost to rent a single-family home rose 5.31% year-to-year in April, up from 2.4% one year earlier. Detached homes rose 7.9%; attached homes rose 2.2%.

Bidding Wars: More Likely than Not in All but One Fla. Metro

Wed, 06/16/2021 - 04:06
May survey: In Cape Coral, 75% of sellers had a bidding war, as did over 50% of sellers in other big Fla. metros. Only Jacksonville, at 34%, had more non-bidding sales.

U.S. Home Construction Up a Tepid 3.6% in May

Wed, 06/16/2021 - 04:06
Builders added more homes last month, but the increase isn’t enough to keep up with demand. And in the face of rising lumber prices, new building permits were down 3%.

Builder Confidence Hits Lowest Point in 10 Months

Tue, 06/15/2021 - 04:06
NAHB chairman says supply-chain problems, like lumber, created production problems that forced some buyers out of the market when they could no longer afford a new home.

Shades of Sci-Fi: Holograms May be Next Webinar Option

Tue, 06/15/2021 - 04:06
Several companies say meeting participants can be 3-D holograms of remote workers, a close replication of in-person meetings – but no one-on-ones by the water cooler.

Real Estate Economy: It’s Not a Bubble Unless it Pops

Tue, 06/15/2021 - 04:06
A bubble, by definition, pops and prices plummet. Look at buyer demand. Look at homeowner equity. Prices could stop going up for a bit – but it’s not a bubble.

Proposed Amendment Would Protect Affordable Housing in Fla.

Tue, 06/15/2021 - 04:06
Doc stamp money in Fla.’s affordable housing trust funds should be used for affordable housing, but the Florida Legislature often “sweeps” it into general revenue. A constitutional amendment proposed by Florida Realtors would change that and secure ongoing support for housing in Fla.

Delicate Task for Fed: When to Pull Back on Low-Rate Support?

Tue, 06/15/2021 - 04:06
When will interest rates go up? The Federal Reserve might weigh in, but it still says that inflation is a temporary problem caused by supply-chain bottlenecks.

One Cause of Rising S. Fla. Rents? Lots of Unsuccessful Buyers

Tue, 06/15/2021 - 04:06
In addition to a wave of new Fla. residents, many buyers find themselves “forced to rent,” many month-to-month, because they haven’t successfully found a home to buy.