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: 52 weeks 12 hours ago

Facebook Down: 4 Ways to Be Ready Next Time

Fri, 10/08/2021 - 04:10
If you pay a vendor to handle Facebook for you, make sure you know how that vendor will handle a disruption like the outage that happened on Oct. 4 under your agreement.

High Home Prices Continue to Weigh on Homebuying Sentiment

Fri, 10/08/2021 - 04:10
Fannie Mae’s index dropped 1.2 points in Sept. More consumers (66%) thought it was a bad time to buy a home while only 28% believed it was a good time to buy.

RE Q&A: Is Now a Good Time to Start Being a Landlord?

Fri, 10/08/2021 - 04:10
To be successful, treat it like a business. Keep a cushion of several months’ expenses to carry the property’s costs in case of any issues like a non-paying tenant.

How Much Can You Save by Downsizing? It Depends

Fri, 10/08/2021 - 04:10
In the biggest 20 U.S. metros, you could save an average of $194K going from a 4-bedroom to a 2-bedroom home. Miami metro downsizers were 5th on the list for savings.

Homeowner Equity Grows to Nearly $3T in Q2

Fri, 10/08/2021 - 04:10
CoreLogic: Homeowners with mortgages – about 63% of all U.S. properties– saw a 29.3% annual increase in equity, averaging out to a gain of about $51.5K per borrower.

Mortgage Rates Decrease Slightly

Thu, 10/07/2021 - 05:10
The average 30-year fixed-rate mortgage decreased slightly this week, easing to 2.99%; it was 3.01% last week. The 15-year FRM averaged 2.23% this week.

Investors Bet Flexible Leases Are a Lasting Trend

Thu, 10/07/2021 - 04:10
Remote work sparked demand for short-term housing with flexible terms. Some estimate the number of workers who remain fully remote will eventually top out at about 20%.

NAR Urges Congress to Work on Long-Term Debt Ceiling Solution

Thu, 10/07/2021 - 04:10
Such a solution is needed to “maintain stability and faith in the American economy,” said NAR Pres. Charlie Oppler, following a meeting at the White House.

In Memoriam: 1971 Florida Realtors Pres. John R. Wood, 1929-2021

Thu, 10/07/2021 - 04:10
A real estate leader and role model who knew how to “light up a room,” the former Florida Realtors president and NAR president died Aug. 4, shy of his 92nd birthday.

Homeowners Seek Refinancing; Mortgage Rates Over 3%

Wed, 10/06/2021 - 05:10
Mortgage rates remain historically low. However, industry observers say borrowers should not misinterpret the surge last week as being the last one in 2021.

Real Estate Investors: Less Optimistic About U.S. Housing Market?

Wed, 10/06/2021 - 04:10
RealtyTrac: 48% of individual RE investors see the investment market as worse than a year ago; and 57% of investors cite lack of available inventory as a top concern.

Condo Prices Are on the Rise in Florida

Wed, 10/06/2021 - 04:10
More buyers are turning their attention to condos and townhomes these days. Realtor.com’s top 10 list for growth in condo and townhouse prices includes six Fla. cities.

4 Ideas About Millennial Homeowners That Never Came True

Wed, 10/06/2021 - 04:10
Think millennials don’t care about homeownership or just want to live in the city? Those are myths. The majority of millennials buy homes in the suburbs for instance.

Mortgage Payments Are Getting More and More Unaffordable

Tue, 10/05/2021 - 05:10
Fed Reserve of Atlanta: The median U.S. household currently would need 32.1% of its income to cover the mortgage on a median-priced home, the highest since 2008.

Take Steps to Maximize Insurance Benefits After a Storm

Tue, 10/05/2021 - 05:10
Emergency management professionals advise you to check your insurance, call your insurance company and find out what’s covered under your policy. And if your home is flooded, hire a mitigation firm to vacuum out water as soon as possible.

Downsizing Your Home in Retirement

Tue, 10/05/2021 - 04:10
Financial experts suggest carefully evaluating monetary, personal comfort and family needs when considering downsizing upon retirement. Weigh the pros and cons.

6 Ways to Create Video Walk-Throughs That Attract Leads

Tue, 10/05/2021 - 04:10
First, plan how to best show the listing’s standout features, then write a script that matches the video images. Keep in mind equipment needs, too.

Incorporate Humor on Social Media with Real Estate Memes

Mon, 10/04/2021 - 05:10
Entertaining real estate memes can attract social media users like millennials, who may look at 20 to 30 memes daily, which could lead to a 60% increase in engagement.

Average Mortgage Amount Increases to $410,000

Mon, 10/04/2021 - 05:10
Mortgage Bankers Association: With home price appreciation continuing to rise, last week’s average now marks the highest average mortgage amount since May.

More New Homes Are Being Built with 4-Plus Bedrooms

Mon, 10/04/2021 - 05:10
NAHB: Since COVID-19, more Americans want bigger homes: The share of single-family homes started with 4 or more bedrooms rose from 42.6% in 2019 to 45.2% in 2020.