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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: 8 hours 6 min ago

Court: Should Mortgage Profits Go to Taxpayers or Investors?

Wed, 01/22/2020 - 03:01
Fannie and Freddie back most mortgages, and after a recession bailout, now return most profits to taxpayers – but investors want the Supreme Court to rule that illegal.

NAR: Existing-Home Sales Climb 3.6% in Dec.

Wed, 01/22/2020 - 03:01
Inventory continues to fall, but buyers appear ready to buy what’s available. While sales rose at the end of 2019, total yearly sales were about equal to those in 2018.

Florida Realtors: Single-Family Sales Up 23.8% in Dec.

Wed, 01/22/2020 - 03:01
And Fla. condo-townhouse sales were up 17.7% year-to-year. The statewide median price for single-family homes rose 5.9% to $270K, and condo-townhouse prices up 8.1% to $200K. Pending inventory and new pending sales also rose statewide in both property categories.

95-Year-Olds Still Qualify for 30-year Mortgages

Wed, 01/22/2020 - 03:01
Under the Equal Credit Opportunity Act, a loan applicant’s age doesn’t matter – even those who think “There’s no way I’ll live long enough to pay this off.”

Judge Rejects Challenge on Underground Power Lines

Wed, 01/22/2020 - 03:01
Fla. remains on track to east post-hurricane suffering by putting powerlines underground, but a court ruling makes it more likely rates will rise faster than hoped.

Single-Family Starts Will Gain Little Ground in 2020

Wed, 01/22/2020 - 02:01
NAHB forecasts 2% more single-family homes will be built this year – but it’s not enough. Frustrated buyers want about 3.8M homes, mainly at the low-end of the market.

SW Fla.: Housing Demand Spurs Big Real Estate Deals

Tue, 01/21/2020 - 04:01
Multifamily and “mammoth” mansion sales are strong. One investor predicts it’s the end of a cycle before large-scale land acquisition and development starts up again.

Q&A: Why Pay More Agent Commission if a Tenant Opts to Buy?

Tue, 01/21/2020 - 04:01
A property owner pays an agent to manage his property, and the contract says an additional commission must be paid if his tenant eventually buys the property. Why?

Fed’s SALT Cap Fuels Wealth Exodus from High-Tax States

Tue, 01/21/2020 - 03:01
Bank of America Global Research: In 2018, low- and lower-tax states, which includes Fla., gained $32B more in adjusted gross income than higher tax states. The four states with highest average SALT deductions lost about 455K people compared to 408.5K the year before.

HUD Proposes New Rule for Affordable Housing Construction

Tue, 01/21/2020 - 03:01
If a local government follows the standards of certain specified building codes, they’re ensured “safe harbor” status under Fair Housing Act accessibility requirements.

Florida Legislature Kicks Off 60-Day 2020 Session

Tue, 01/21/2020 - 03:01
How will lawmakers change the Fla. real estate business? Here’s the current status of bills focused on vacation rentals, affordable housing and emotional support animals.

What Should the Army Corps of Engineers Fix in Fla.?

Fri, 01/17/2020 - 04:01
Fla. Senators Marco Rubio and Rick Scott send a letter to the Army Corps that requests funding for Fla. environmental projects. The list includes 70 items with impacts across the state, from the Atlantic Intracoastal Waterway in South Fla. to Pensacola Harbor.

For Sale: $1 Palm Beach County Condos – But with a Catch

Fri, 01/17/2020 - 04:01
In some golf communities, the additional buy-in fee can be more than $80K with annual fees as much as $30K, so the cost of amenities overrides the cost of real estate.

Financially Troubled Fla. Insurers Agree to Takeovers

Fri, 01/17/2020 - 04:01
Two Fla. property insurers with about 67K policies – Anchor Property & Casualty and Centauri Specialty Insurance Co. – will be folded into larger, more stable companies.

New-Home Starts Jumped 16.9% Higher in Dec.

Fri, 01/17/2020 - 04:01
It’s the highest level in 13 years as the single-family home-start component rose 11.2%. For all of 2019, builders broke ground on 1.29M homes – the most since 2007.

Flood History Website Could Give Buyers a New Tool

Fri, 01/17/2020 - 04:01
A research partnership working with eight universities says its online tool, searchable by address, will offer flood histories and future risk estimates by mid 2020.

RealPage: 50% More Apartments Arriving This Year

Fri, 01/17/2020 - 04:01
2020 will mark a 40-year high for new apartments – but 80% are luxury, a niche with light demand, and a smaller percentage will appeal to lower-income families.

Fla. Agrees to Acquire 20K Acres of Everglades Wetlands

Thu, 01/16/2020 - 03:01
Water Conservation Area 3 – an area spanning the western side of Broward County and in the Everglades Protection Area – will be permanently spared from oil drilling.

Long-Term Mortgage Rates Edge Up a Bit – 30-Year at 3.65%

Thu, 01/16/2020 - 03:01
The slight increase from last week’s 3.64% keeps rates solidly in the “good time to apply for a home loan” category. One year ago, the average FRM was 4.45%.

Foreclosures a Non-Event Now – Activity Hits 15-Year Low

Thu, 01/16/2020 - 03:01
Total 2019 U.S. foreclosure activity – default notices, scheduled auctions and bank repossessions – was down 21% compared with 2018 and 83% from its 2010 peak.