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: 22 hours 14 min ago

Homeownership Shows Wealth Gap with Ties to Race

Thu, 07/02/2020 - 05:07
Census: Among black families, 44% owned their own home as of 1Q 2020 vs. 73.7% of white families; and homeownership factors into the gap between their net worth.

Pandemic Shook Up Buyer Demand – But How Much?

Thu, 07/02/2020 - 05:07
46% of Americans say COVID-19 shook up their moving plans. Those most likely to move are renters (25%), urban area dwellers (29%) and people recently laid off (32%).

PPP Loans Extended – But Demand Has Fallen

Thu, 07/02/2020 - 04:07
Congress extended the Paycheck Protection Loan program to Aug. 8, but businesses seem less inclined to use it: The second round of funding still had $130B leftover.

At 3.07%, the 30-Year Mortgage Hits Another Record Low

Thu, 07/02/2020 - 04:07
Last week’s 3.13% was a record low – this week’s 3.07% is another, and the lowest since Freddie Mac started tracking average rates in 1971.

Realtors Ramp Up Business Along with Safety Measures

Thu, 07/02/2020 - 04:07
To combat COVID-19 spread, Realtors adopted CDC guidelines. For many it’s become a habit that hasn’t slowed a steady rebound of the market, and it’s made up of many adjustments, such as increased sanitizing, mandatory masks, fewer conference chairs and more.

Buyers’ Biggest Hurdle in June? Lack of Inventory

Thu, 07/02/2020 - 04:07
Today’s buyers have 27.4% fewer homes to choose from than they did one year ago, though in Fla. it ranges from 31.4% near Tampa to 9.4% in South Fla.

Congress Votes to Extend PPP Loan Program for Small Businesses

Wed, 07/01/2020 - 23:07
President Trump is expected to approve the measure, opening up $130 billion of unallocated funds to help businesspeople, including independent contractors such Realtors, during the coronavirus pandemic.

Q&A: A Neighbor’s Landscaping Crossed the Line. Now What?

Wed, 07/01/2020 - 05:07
A neighbor’s newly planted bush “crossed a line” by at least one foot in their neighbor’s yard. While nice people might say “No big deal,” however, it’s not wise to allow other property owners to encroach upon your turf, and action is recommended.

Disney Tax Ruling Could Save Hotels Millions in Taxes

Wed, 07/01/2020 - 05:07
A Court of Appeal ruled in a years-long lawsuit that Orange County’s property-tax assessment method – one used in other Fla. counties – is illegal under Fla. law.

PPP Loan Program Ends with $130B Unallocated

Wed, 07/01/2020 - 05:07
The loans kept many small businesses afloat during pandemic shutdowns, but had limited usefulness for some of the smallest U.S. businesses. While the Senate just passed an extension bill with changes, the House and president must agree before a new program becomes law.

New Emotional Support Animal Law: What’s It All Mean?

Wed, 07/01/2020 - 05:07
This year, the Florida Legislature passed, and Gov. DeSantis signed, a bill affecting emotional-support animal guidance in Fla. The law creates new clarifications for emotional-support animals, and it’s important to understand exactly what it does – and does not – do.

DeSantis Signs Bills on Cleaning Up Waterways

Wed, 07/01/2020 - 05:07
Among many items, the bill moves septic tank oversight to the Dept. of Environmental Protection and tightens verification for agricultural “best management practices.”

Dear Anne: I Was Promised a Bonus – Why Don’t I Get It?

Wed, 07/01/2020 - 05:07
An MLS listing included a bonus for the agent representing a buyer, but after submitting an accepted offer, the seller’s agent said the bonus only applies to ideal-price offers and wrote that limitation into the counteroffer. So … can an MLS bonus offer have strings attached?

Avoid Social Media’s Legal and Ethical Pitfalls

Wed, 07/01/2020 - 05:07
In 2010, a Miami developer sued a real estate blogger for $25 million for damaging his reputation. While the case was eventually resolved, the sales associate was discharged. The lesson: Before writing online, understand the law and the Code of Ethics.

Waiting for IRS to Extend the July 15 Tax Deadline? Don’t

Wed, 07/01/2020 - 05:07
The Treasury Dept. extended the 2019 tax-filing deadline from April 15 to July 15 when the pandemic hit, but it said Monday that was it – no more extensions.

Financing Contingency vs. Appraisal Contingency

Wed, 07/01/2020 - 05:07
If a contract includes both a financing contingency and appraisal contingency, where does one end and the other begin? There’s substantial overlap in the two contingencies, but they have very different rules.

HUD: Fla. Groups Awarded $2M to Fight Discrimination

Wed, 07/01/2020 - 04:07
The money will go to seven Fla. nonprofit groups that will use the money to help them investigate discrimination complaints and educate the public about their rights.

DeSantis Extends Eviction and Foreclosure Ban to Aug. 1

Wed, 07/01/2020 - 04:07
Fla.’s governor extended the ban on evictions and foreclosures only hours before a scheduled restart. It’s the third extension for a ban first announced on April 2.

Apple’s Latest Software Upgrade Boosts Smart Home Features

Tue, 06/30/2020 - 05:06
Apple announced an array of new iPhone features, but HomeKit, its smart-home platform, will now have an array of security features to use within the home.

U.S. Consumer Confidence Heads Higher

Tue, 06/30/2020 - 05:06
National consumer confidence also increased this month, though “the Present Situation Index suggests that economic conditions remain weak.”