Realtor News

Syndicate content
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

Realtor.com: National Rent Growth Hits Double-Digits in Aug.

Fri, 09/17/2021 - 06:09
Aug. report: Rental prices hit double-digit growth for the first time in two years and grew three times faster than in March 2020, prior to the pandemic. Over half of the 50 largest metros reported rents with double-digit gains over last year, including Tampa, Miami and Orlando.

Mortgage Rates Dip Lower This Week; 30-year Loan at 2.86%

Thu, 09/16/2021 - 05:09
Freddie Mac: It’s down from 2.88% last week and close to the 2.87% the 30-year FRM was at this time last year. The 15-year FRM now stands at 2.11%.

Bidding Wars Reach Their Lowest Level This Year

Thu, 09/16/2021 - 05:09
Redfin analysis: In Aug., about 59% of offers on homes written by Redfin agents faced competition, a record low for this year and the lowest level since 2020.

Buying B&Bs to Convert into Single-Family Homes

Thu, 09/16/2021 - 04:09
COVID-19’s impact on bed-and breakfasts has prompted some to close, with revenues in 2020 down 43.7% from 2019. But some are being purchased to use as personal homes.

Best Time to Buy a House Might Be Now in These Metros

Wed, 09/15/2021 - 05:09
Between now and Oct. 17, most markets across the country will have more homes for sale, lower prices and less buyer competition, according to Realtor.com data.

Student Loan Debt Keeping Most Millennials from Homeownership

Wed, 09/15/2021 - 05:09
NAR report: 60% of millennials who aren’t homeowners say student loan debt is delaying their ability to buy a home; 51% of all student loan holders say the same. And 36% of student loan debt holders say student loan debt delayed their decision to move out of a family member’s home.

Here Are the Most Popular U.S. Cities for Second Homes

Wed, 09/15/2021 - 04:09
Survey: Second homes account for 5.4M U.S. housing units. Miami ranks in the top 5 most popular big cities for second homes; Miami Beach is No. 1 for small cities.

U.S. Annual Home Prices Gain a Record 18% in July

Wed, 09/15/2021 - 04:09
CoreLogic: That’s the biggest 12-month gain since the series began 45 years ago. On a month-over-month basis, home prices increased by 1.8% in July from June.

Borrowers Withdrew $63B in Equity in Q2

Tue, 09/14/2021 - 04:09
Black Knight: As a result of rising home values, the average homeowner could refinance their mortgage and withdraw $173,000, while keeping 20% equity in their home.

The Race Is on for Built-for-Rent Land

Tue, 09/14/2021 - 04:09
The percentage of built-for-rent land sales is predicted to double or triple in the next few years; in Fla., demand is rising in St. Cloud, Pensacola and Port Charlotte.

How Hurricane Ida Will Affect Your Insurance Rates

Tue, 09/14/2021 - 04:09
Experts say Ida will drive up rates for reinsurance, which is what insurance firms must buy to guarantee they can pay all claims after a disaster. That’s the pipeline that Hurricane Ida’s higher costs will travel to be passed on to Fla. insurance policyholders.

Foreclosures May Bring More Zombie Properties

Tue, 09/14/2021 - 04:09
ATTOM: About 1.5M to 2M homeowners are already in some kind of forbearance, and the CFPB has now paved the way for proceedings to begin on vacant homes.

Homes in ‘Zoom Cities’ Sell in Less Than a Week

Tue, 09/14/2021 - 04:09
Such cities tend to be medium-sized metros, often near college towns. Riverview, Fla. was in the top 10 most competitive cities for homebuyers in July, says Redfin.

Budget Stresses Weigh on Buyers

Mon, 09/13/2021 - 04:09
Survey: 30% of buyers said they paid more than expected on their home due to competition; of those who paid more, 32% said it was $52K or more over the asking price.

Sustainability Is the New Normal – Who Is Getting Left Behind?

Mon, 09/13/2021 - 04:09
NAR: Over 50% of real estate clients are interested in sustainability; one-third of agents helped a client buy or sell a property with green features this past year.

Survey: Nearly Half of Renters Fear They’ll Never Own

Mon, 09/13/2021 - 04:09
Lending Tree: 88% of 2,500 consumers polled said they’d rather own a home than rent; but 48% of renters fear they’ll never be able to buy.

Most At-Risk Owners Have Enough Equity to Avoid Foreclosure

Fri, 09/10/2021 - 04:09
Foreclosure listings will likely only come from owners in trouble before the pandemic because the amount of equity owners can access has risen 40% year-to-year. Of U.S. homeowners in forbearance, 98% have at least 10% home equity; during the Great Recession it was only 40%.

Fed: Median-Income Buyers Can’t Afford Median-Priced Homes

Fri, 09/10/2021 - 04:09
Atlanta Fed: The affordability index hit 92.2 – and any number below 100 means housing is generally unaffordable. If interest rates rise, that number will probably go lower.

5 Fla. Metros ‘Top 10 Busiest’ for Commercial Real Estate

Fri, 09/10/2021 - 04:09
NAR ranked five Gulf and Atlantic coastal cities in Fla. as strongest in the U.S. based on all commercial market segments and a range of indicators.

Smaller, Affordable Homes Heading Back to the Market

Fri, 09/10/2021 - 04:09
Last month, one in three S. Fla. homes listed for sale on realtor.com was considered small – between 750 and 1,750 square feet – for a 9.1% year-to-year increase.