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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 11 hours ago

NAR: America’s Top 10 Commercial Office Markets of 2021

Tue, 09/28/2021 - 04:09
Of the top 10, three are in Fla. NAR says it analyzed 390 commercial real estate markets and found a “robust recovery with positive net absorption and strengthening rents across the multifamily, industrial and retail property markets.” However, the office sector continues to struggle.

NAR: America’s Top 10 Commercial Office Markets of 2021

Tue, 09/28/2021 - 04:09
Of the top 10, three are in Fla. NAR says it analyzed 390 commercial real estate markets and found a “robust recovery with positive net absorption and strengthening rents across the multifamily, industrial and retail property markets.” However, the office sector continues to struggle.

What Is Gentrification – and Why Is It Good or Bad?

Mon, 09/27/2021 - 04:09
It means a neighborhood is changing from low-income to trendy. It’s good for early buyers, but it’s bad for lower-income owners who can no longer afford to live there.

NAR: Vacation Homes Will Defy Any Market Slowdown

Mon, 09/27/2021 - 04:09
While overall home sales show signs of cooling as prices rise and buyers step back, NAR Economist Yun doesn’t see that reflected in sales of vacation homes.

Sound More Confident by Avoiding These Phrases

Mon, 09/27/2021 - 04:09
Here’s one: “Sorry,” often used as “Sorry to bother you, but …” If you often offer an unnecessary apology, it makes you sound somewhat timid.

Renters Uncertain About Their Future

Mon, 09/27/2021 - 04:09
Low interest rates and a severe shortage of homes for sale are contributing to rising costs for renters and would-be homebuyers, even as more rental homes are sold.

Many Overly-Confident Sellers Price Their Home Too High

Mon, 09/27/2021 - 04:09
Homeowners have read bidding-war stories and heard about homes selling for thousands of dollars more than asking price. Now they’re becoming sellers and think they can overprice their property, but the market is seeing more price reductions – 9.4% in Aug., says Zillow, up from 8.6% in July.

State-Run Insurer Considering 3 Ways to Trim Policy Numbers

Mon, 09/27/2021 - 04:09
Citizens, the state-owned property insurer, is expected to have 1M policies by 2022. It’s looking at new tactics that could force covered owners to get private coverage.

Making the MLS More Transparent: NAR Committee Recommendations

Fri, 09/24/2021 - 04:09
NAR’s Technology Board made recommendations that will go into effect if approved by a Multiple Listing Service committee and NAR’s board. Among them: Participants can’t represent that their services are free, and listing ads can’t be sorted or filtered based on the level of compensation a cooperating broker offers.

A Sept. 30 Government Shutdown Could Impact Real Estate

Fri, 09/24/2021 - 04:09
If Republicans and Democrats fail to reach agreement by Sept. 30, some services – such as NFIP, IRS and more – could slowly shut down, possibly delaying transactions.

Homebuying, Stress and the Things Couples Fight About

Fri, 09/24/2021 - 04:09
Couples may happily disagree in life, but when they have to share a home the differences can come to the forefront. The top reason for a fight? A home’s price.

August New Homes Sales Rise for Second Straight Month

Fri, 09/24/2021 - 04:09
U.S. Commerce: Sales of new homes last month were up 1.5%, reaching a seasonally adjusted annual rate of 740,000 – more than economists expected.

8 Experts: Sky-High Housing Prices Won’t Fall

Fri, 09/24/2021 - 04:09
Today’s market isn’t like the boom-bust cycle leading up to the Great Recession: Tough loan standards are the norm, plus many factors have kept housing supply low.

HUD Rolls Out AI Platform to Fight Fraud in Grant Spending

Fri, 09/24/2021 - 04:09
Called Argus, the risk management platform’s artificial intelligence capabilities should reduce HUD’s time spent manually monitoring program grantees by over 75%.

Appraisal Valuation Gap Uncovered in Minority Areas

Thu, 09/23/2021 - 04:09
A Freddie Mac study of 12M appraisals found that 13% of homes in Black neighborhoods were below contract price; in white tracts, it was 7.4%; in Latino it was 9.4%.

Mortgage Rates Up this Week, but Only a Bit

Thu, 09/23/2021 - 04:09
The 30-year fixed-rate mortgage averaged 2.88% this week, a small increase from last week’s 2.86%. Freddie Mac credits foreign investors for keeping rates low.

Fla.-Owned Insurer: Losses and Policies Keep Growing

Thu, 09/23/2021 - 04:09
Citizens Property Insurance expects to exceed more than 1M policies sometime in 2022 – and private insurers will rack up more than 1B in losses by the end of this year.

To Some Thieves, a 3D Tour Is Like Online Shopping

Thu, 09/23/2021 - 04:09
A Faberge egg on the mantle? The location of a home safe? Agents should take steps to protect their sellers’ privacy and safety when they create 3-D listing tours.

Giving Money to a Real Estate Syndicator? Things to Know

Thu, 09/23/2021 - 04:09
A syndicator combines money from multiple investors for a single project. Due diligence requires consideration of at least nine things – but trust tops the list.

NAR: August Existing Home Sales Drop 2.0%

Wed, 09/22/2021 - 06:09
The decline follows two months of increases. NAR’s chief economist says buyer demand remains strong, but higher prices have pushed many to wait for more inventory.