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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: 2 years 26 weeks ago

Some Nonbanks Raised Conforming Loan Limits to $625K

Thu, 10/14/2021 - 04:10
Loan limits will likely go up to $625K in 2022, but FHFA hasn’t announced it yet. Still, higher home values have convinced some lenders to boost loan limits now.

What Would Boost the Real Estate Industry? More Babies

Thu, 10/14/2021 - 03:10
The U.S. birth rate is the lowest it’s been in more than 100 years, and pregnant homeowner couples are a top reason buyers decide to upgrade to a large house.

Jumbo Home Loans Near Pre-2008 Crisis Levels

Wed, 10/13/2021 - 04:10
Fewer buyers qualify for conventional mortgages due to higher prices and lower downpayments. As a result, the number of jumbo loans is at pre-Great-Recession levels.

Can’t Afford a Home? Co-buying Skyrockets

Wed, 10/13/2021 - 04:10
More roommates are committing to long-term relationships and co-buying a home. ATTOM says the number of co-buyers with different last names surged 771% in six years.

Buyer, 84, Fatally Shoots Agent Over Home Dispute

Wed, 10/13/2021 - 04:10
A Va. homebuyer bought a home sight unseen and wanted to “return the house.” He killed his real estate agent who went over to talk about it and, later, himself.

Lawmakers Consider Changes to Fla. Law After Surfside Tragedy

Wed, 10/13/2021 - 04:10
How can the state mitigate condo disasters following the tragedy in Surfside? A Fla. Bar task force pulled together experts and submitted its recommendations on Tues. In Sept., Realtors outlined the problems condo buyers face getting important docs, suggesting better records and tighter oversight.

Commercial Investors Worry About Possible 1031 Exchange Rules

Wed, 10/13/2021 - 04:10
The Biden Admin. wants a $500K limit for like-kind exchanges, which allow investors to defer taxes. If enacted, the change could have a big impact on commercial RE sales.

Fortify Finances Against Natural Disaster

Wed, 10/13/2021 - 04:10
It’s not enough to pack survival tools and photos when evacuating before a disaster. Pack cash too – or at least have credit that can help you cover the first few days.

S. Fla. Condo Sales Unfazed by Surfside Condo Collapse

Tue, 10/12/2021 - 03:10
After the 12-story Surfside condo complex collapsed, experts wondered if condo demand would decline – but 3Q Miami-Dade condo sales were the highest in years, with luxury units selling at a record pace. Any stigma seems isolated to older inventory and buildings close to the Surfside tragedy.

Redfin Expands Program Allowing Buyers to Self-Tour Homes

Tue, 10/12/2021 - 03:10
Buyers are allowed to tour vacant homes without an agent. Redfin’s app unlocks the door, and an agreement with ADT provides monitoring and security.

Many Bathroom Remodels Are Really More of an Upgrade

Tue, 10/12/2021 - 03:10
Survey: Remodeling skyrocketed during lockdowns with many homeowners focused on their bathrooms. The desire to “soak in a bathtub” rose 6 percentage points.

Small Businesses Less Optimistic as Inflation, Labor Take Toll

Tue, 10/12/2021 - 03:10
Business is good, according to NFIB’s monthly study – but it would be better for small companies if they could get more workers and not worry about inflation.

Institutional Single-Family Rentals Have Come of Age

Tue, 10/12/2021 - 03:10
Before the Great Recession, mom-and-pop investors owned most single-family home rentals. But today, large institutional investors have turned it into a big business.

Soaring Home Prices Roiling Appraisals, Upending Sales

Tue, 10/12/2021 - 03:10
In Aug., 13% of appraisals came in below a home’s contract price. It was higher in May (19.7%), but is still up compared to sales early last year (7.3% in Jan. 2020).

Florida Realtors 2021 Member Profile: A Look Beyond Sales and Prices

Mon, 10/11/2021 - 05:10
Florida Realtors economist: NAR’s latest Florida Realtors Member Profile looks beyond 2020 home sales and prices, providing a closer look at the Realtors who made it happen. It provides details such as the state’s Realtor demographics, businesses and community commitment.

HUD Says It Will Make Climate Change a Housing Priority

Mon, 10/11/2021 - 05:10
HUD says it will consider climate risk when underwriting loans (VA, Agriculture, etc.), promoting new energy-efficient housing and updating guidelines for grants.

$9 Can of Paint Threatens Buyer’s Dream of Homeownership

Mon, 10/11/2021 - 04:10
A woman’s credit score dropped 100 points after she opened a Home Depot charge to purchase a $9 can of paint. She made a TikTok video to warn other buyers.

Canada Visitors Must have Proof of Vaccination

Mon, 10/11/2021 - 04:10
It’s likely more Canadians will snowbird in Fla. this year, but they must be fully vaccinated to return home – or even to vacation in a different Canadian province.

Student Loan Debt Plays Big Role in Racial Ownership Gap

Mon, 10/11/2021 - 04:10
Systemic racism is hard to define, but a study found that many educated Black and Hispanic buyers have trouble buying a home because they owe larger student loans.

New HUD Rule Aims to Prevent Public Housing Evictions

Mon, 10/11/2021 - 04:10
A proposed rule will ban evictions without giving tenants 30-days’ notice and providing info on federal emergency assistance available to them.