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: 5 hours 35 min ago

Study: Digital Mortgages Reduce Discrimination

Thu, 10/03/2019 - 03:10
Fed agency study: When online lenders use an algorithm to make mortgage loan lending decisions, discrimination against black and Latino homebuyers drops 40%.

Could Housing Strength Save a Wobbly U.S. Economy?

Thu, 10/03/2019 - 03:10
The U.S. housing market remains a bright spot despite economic fears, and continued housing strength could mitigate the pain of any potential slowdown.

HUD Awards Nearly $43M in Housing Counseling Grants

Thu, 10/03/2019 - 03:10
24 Fla. agencies will receive $852,275. The money goes for programs that prepare buyers for ownership by helping them make informed housing choices. It also helps current owners keep their home or receive assistance if facing foreclosure.

‘Debt Anxiety’ Is a Thing — and It Can Hold Buyers Back

Thu, 10/03/2019 - 03:10
About 34% of Americans’ monthly income goes toward paying off debt, and almost half (45%) say personal debt makes them feel anxious at least once per month.  

Florida Agriculture Commissioner Offers Climate Change Proposal

Thu, 10/03/2019 - 03:10
Nikki Fried’s legislative package of bills for the 2020 legislative session addresses energy efficiency, climate change, resiliency and clean energy.

Fla. Law Bans Touching a Cell Phone in Protected Zones

Wed, 10/02/2019 - 03:10
While an earlier law banned texting while driving, an Oct. 1 change makes it illegal to be seen even holding a phone when driving in a school zone or work zone.

HUD Rolls Out Website to Identify Opportunity Zones

Wed, 10/02/2019 - 03:10
The new website will serve as a hub of information for the businesses and people who work with the Opportunity Zones initiative, says HUD Sec. Carson.

Promote 2020 Census Participation – It’s More than Politics

Wed, 10/02/2019 - 03:10
The once-a-decade Census impacts funding and resources for local hospitals, schools, housing programs and much more. Encourage clients and peers to participate.

Sept. Uptick in Floridians’ Confidence Lessens Aug. Decline

Wed, 10/02/2019 - 03:10
While attitudes about current economic conditions were mixed, optimism about the future rose over expectations for the national economy – a perception shared by all Floridians, notably women, those age 60 and over and those with $50,000-plus incomes.

Cell Towers on Condo Roofs: What if the Noise Is Too Much?

Wed, 10/02/2019 - 03:10
While a cell tower on the roof seems like a good way for residents to make non-HOA-fee money, it may generate noise at any hour. Can anything be done about that?

Study: Florida No. 1 in Welcoming New Residents

Wed, 10/02/2019 - 03:10
Lendingtree.com: In 2016, new residents brought $30.2 billion into Fla., with about 72% of that increased income coming from new residents age 55 and over.

Code of Ethics vs. Morality: It Can Be Confusing

Wed, 10/02/2019 - 00:10
NAR’s Code of Ethics outlines acceptable Realtor behavior, and members agree to disciplinary action if they break the Code. But it’s not the same thing as moral behavior, and “That wasn’t very nice” isn’t necessarily a Code of Ethics violation.

Riders, Addenda and Disclosures, Oh My!

Wed, 10/02/2019 - 00:10
Realtors have a lot of paperwork they could add to a standard contract. How do you know when/if/how to use one? Read on. In most cases, though, transactions will proceed smoothly if riders, addenda and disclosures are introduced earlier rather than later.

Cracks in the Two-People-Per-Bedroom Rule

Wed, 10/02/2019 - 00:10
A HUD memo provides that a rule limiting two people per bedroom won’t typically be seen as illegal discrimination against families with children. However, housing providers should beware – this isn’t always the case. If the rule doesn’t make sense for a specific property, strict enforcement could be illegal.

Escrow Contrast: Buyer Obligation vs. Broker Responsibility

Wed, 10/02/2019 - 00:10
In the FR/Bar contract, a buyer, by default, has three days to deposit their escrow, and a broker has three days at most to deposit that escrow. But if the broker isn’t the escrow agent, the timing calculations are different – and confusing to some Realtors.

Treasury Approves Fannie Mae, Freddie Mac to Keep More Profits

Tue, 10/01/2019 - 03:10
In a move toward releasing the two entities from government control, the changes will permit Fannie Mae to keep capital reserves of $25B and Freddie Mac $20B.

More Homes Qualify for Appraisal Exemption

Tue, 10/01/2019 - 03:10
Once the rule is published in the Federal Register, some homes valued less than $400K can forego a full appraisal – but probably not ones relying on mortgage money.

Hurricane Michael Homeownership Funding Completely Committed

Tue, 10/01/2019 - 03:10
In less than 4 months, Fla. Housing Finance Corp. has committed $5M in downpayment and closing cost assistance to help over 335 homebuyers in 11 Fla. counties.

What’s Going on with Red Tide Research?

Tue, 10/01/2019 - 03:10
A Sarasota real estate pro says red tide caused “a dip in business directly related to the godawful red tide smell.” While it’s unlikely the natural phenomena be eradicated, experts have received funding to study and hopefully lessen the problem.

5 Sweet Tax Deductions When Selling a Home

Tue, 10/01/2019 - 03:10
The new tax code can be confusing but check for tax deductions or exemptions – like legal fees, escrow fees or other costs directly tied to the sale of your home.