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: 6 hours 46 min ago

Empowered Sellers Requesting the Oddest Contingencies

Tue, 10/27/2020 - 05:10
Traditions don’t have to die. One seller wants a porch skeleton to stay, and he wants its clothes changed frequently. Another seller demands that buyers keep his cat.

Oct. U.S. Consumer Confidence Down a Bit After Sept. Surge

Tue, 10/27/2020 - 05:10
While views of current conditions improved, Americans were less optimistic about the short-term future, with little to suggest “momentum in the final months of 2020.”

Future Investing? Single-Family Rentals Over High-Rises

Tue, 10/27/2020 - 05:10
Builders see more rental demand for single-family homes than high-rises. The pandemic plays a part, but more aging boomers also prefer low-maintenance, single-family living.

Builders Change Tactics to Cope with Supply Shortages

Tue, 10/27/2020 - 05:10
It’s hard to estimate a new home’s completion date if flooring, lumber and appliances are hard to get – or how much it will cost to build a home until after they arrive.

New Algorithm Estimates a Home’s Time on the Market

Tue, 10/27/2020 - 05:10
“How much longer would it take my home to sell if I increased the asking price by $20,000?” While real estate algorithm accuracy is a bit dicey, a new Homesnap product allows sellers to play with their asking price to see how a change would impact the time it takes to sell.

S&P CoreLogic Case-Shiller: Aug. Home Prices Up 5.2%

Tue, 10/27/2020 - 05:10
Home prices increased more than economists expected, and the pace of those increases is accelerating. In July, home value rose just 4.1% higher year-to-year.

Sept. New Home Sales Fall 3.5% After Strong Summer

Mon, 10/26/2020 - 05:10
Despite the modest decrease, new-home sales are up 32.1% year-to-year, and the industry bounced back this summer following a late-spring pandemic shutdown.

Keep Your Credit Profile Healthy During the Pandemic

Mon, 10/26/2020 - 04:10
Many people are worried about credit scores these days, and federal support programs have largely improved U.S. credit scores – but things could change quickly.

ACA Healthcare Open Enrollment Begins Nov. 1

Mon, 10/26/2020 - 04:10
Unlike 9-5 employees, Realtors’ independent-contractor status makes finding health coverage a bit challenging. However, open enrollment for qualified health plans starts Nov. 1 and ends on Dec. 15, and NAR has resources to help Realtors find plans that best match their needs.

Hate Masks Because Your Glasses Fog Over? Try This

Mon, 10/26/2020 - 04:10
The little things often frustrate us the most. For Realtors who must wear glasses, the masks with small metal strips at the top work best to avoid glass fogging.

Study: Black Homeowners Pay $13K More on Their Mortgages

Mon, 10/26/2020 - 04:10
According to a study done by MIT, Black borrowers pay $13,464 more than white borrowers over the life of a home loan, which includes interest, insurances and taxes.

Wary Cannabis Investors Get New Entry Point – a REIT

Mon, 10/26/2020 - 04:10
A publicly traded Real Estate Investment Trust (REIT) will focus on the cannabis industry. The REIT status provides tax benefits and can unlock capital.

4 Appraisal Groups Agree to Fight Unconscious Bias

Fri, 10/23/2020 - 04:10
The Appraisal Institute, American Society of Appraisers and two other groups collectively support additional training that addresses unconscious bias in valuations.

RE Q&A: Does HOA Board Have to Vote on Every Expenditure?

Fri, 10/23/2020 - 04:10
Authority can be delegated to a manager, president or other person to spend money – usually up to a set amount – without board approval, but there are steps to follow.

Knock Brings Home Swap Service to Orlando, Tampa

Fri, 10/23/2020 - 04:10
It’s the service’s first entry into Fla. Knock uses expected equity (at least 30%) from a home sale to guarantee a buyer’s new mortgage before the original home sells.

What to Do with Old Tech? Repurpose It

Fri, 10/23/2020 - 04:10
An old digital camera can become a security camera. An old laptop could run marketing videos on a loop during open houses. An old smartphone can become a video feed.

Nation’s Top State for Wire Fraud? Florida

Fri, 10/23/2020 - 04:10
Fla. has over two times more wire-fraud incidents than No. 2 Georgia. In real estate, scammers entice buyers to wire closing money to a fake address, dashing buyers’ dreams and robbing Realtors of commissions. The FTC now has a dedicated website for reporting wire fraud.

4 Ways to Increase the Chances of Getting a Mortgage

Fri, 10/23/2020 - 04:10
To help get your mortgage or refi OK’d while interest rates are at an all-time low, check your credit score and report, pay down debt and compare mortgage lenders.

NAR: Sept. Existing-Home Sales Soar 9.4%

Thu, 10/22/2020 - 04:10
Americans are buying homes. Sales rose 22% year-to-year as inventory hit a record low (2.7 months) and more than 70% of homes were on the market less than a month.

Homebuilding Is Booming – But Will It Be Enough?

Thu, 10/22/2020 - 04:10
While new-home numbers are up 8% year-to-year, it’s still not enough compared to buyer demand – but an uptick in permits suggests things will get better.