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: 35 weeks 3 days ago

First Time Ever: Inflation Soars as Mortgage Rates Plunge

Mon, 11/15/2021 - 05:11
The last time inflation rose as mortgage rates fell? Never. But the world is awash with cash, and that holds down mortgage rates, says Wells Fargo senior economist.

NAR Economist Yun: Housing Market May Normalize in 2022

Mon, 11/15/2021 - 05:11
Forecasts always include caveats that may upend predictions, but NAR’s Lawrence Yun says the market is hot right now – and he sees more of the same in 2022. While next year’s sales may not surpass 2021 numbers, he expects a banner year compared to those before the pandemic.

Do Phone Apps Organize Your Business? What If You Die?

Mon, 11/15/2021 - 05:11
Currently, Apple permits iPhone users’ survivors to delete data without reading, but a new “Legacy Contact” feature will allow them to designate data inheritors.

Is a Flipped Home Better than ‘As Is’? Maybe, Maybe Not

Mon, 11/15/2021 - 05:11
Buyers may find a newly flipped home more appealing because much of it feels new – but not all flips are the same. An inspection is highly recommended.

Veterans Day Legislation Targets GI Bill Racial Inequities

Fri, 11/12/2021 - 04:11
After WWII, white veterans got homebuying aid through the GI Bill, yet many Black veterans did not. A group of senators now want to offer that benefit to descendants.

Residents Win $35M in HOA Lawsuit Against Developer

Fri, 11/12/2021 - 04:11
It took four years, but a 55-plus Poinciana community of 5K residents won a class action lawsuit against the developer over issues related to amenity ownership and use.

Survey: Sellers Waiting Out Pandemic Are Ready to List

Fri, 11/12/2021 - 04:11
Owners who postponed selling during the pandemic – perhaps waiting for a sign that price increases were slowing – appear ready to list their home within the next six months. Many, however, plan to overprice it – and they expect bidding wars to push the final price even higher.

Zillow Sells 11% of Its iBuyer Inventory to an Investor

Fri, 11/12/2021 - 04:11
The firm sold about 20% of the homes Zillow Offers currently owns to an investment firm, leaving it about 7,800 – but it goes up to 16,000 after pending sales close.

Airbnb Updating Its App and Adding Translations

Fri, 11/12/2021 - 03:11
It will be easier for international visitors to book short-term rentals. Airbnb will soon give renters a translation option that includes more than 60 languages.

Creating an Effective Real Estate Newsletter

Fri, 11/12/2021 - 03:11
The first step in building a strong newsletter that boosts marketing efforts? Think about your preferred readers – their desires, needs and interests.

NAR’s 2021 Buyer-Seller Report: Moving Earlier, Selling Quicker

Thu, 11/11/2021 - 04:11
Between July 2020 and June 2021, U.S. homes sold at a record pace. However, many owners didn’t stay in their home as long, with average tenure dropping from 10 years in last year’s report to eight years this year. Still, 9 out of 10 buyers (87%) and sellers (90%) used an agent or broker.

NAR 3Q Sales: Prices Up Double Digits in 4 Out of 5 Metros

Thu, 11/11/2021 - 04:11
Prices rose in 99% of the 183 markets NAR measures quarterly, and 16% (to $363,700) overall. Of the top 10 metros for year-over-year price gains, five are in Fla.

Average Mortgage Rates Dip Below 3% Again This Week

Thu, 11/11/2021 - 04:11
The fear of rapidly rising mortgage rates appears exaggerated, as this week’s 30-year, fixed-rate mortgage averaged 2.98% compared to last week’s 3.09%

Tenant Screeners Can’t Compare Names and Draw Conclusions

Thu, 11/11/2021 - 03:11
Screening tenants is okay but only if based on valid data. A CFPB rule, backed by HUD, says relying on “same name comparisons” is a fair housing violation.

Cybersecurity and Real Estate: You Need Protection Now

Thu, 11/11/2021 - 03:11
Good cyber hygiene keeps potential attacks from becoming successful security breaches. Cybercrime’s cost is projected to rise 15% per year for five years.

RE Agents Prepare for Foreign Buyers' Return as Travel Ban Ends

Thu, 11/11/2021 - 03:11
International buyers sidelined by the pandemic are ready to meet with real estate pros in Fla. and across the U.S., though a lack of supply may prove frustrating.

Homes Sell at Fast Pace for 8th Month in a Row in Oct.

Wed, 11/10/2021 - 06:11
Realtor.com: Homes sold in the 50 biggest U.S. metros at an average of 39 days. Miami (No. 1), Jacksonville (3) and Orlando (4) were in the top 5 fastest-selling metros.

Fla.’s Housing Market: Median Prices, Cash Sales Up in 3Q

Wed, 11/10/2021 - 05:11
Florida Realtors’ data: Higher median prices – up 18.4% for single-family homes to $355,000; up 18.6% to $254,900 for condos – than 3Q 2020. Condo-townhouse sales up 13%, though single-family home sales were down slightly (-1.1%), at least in part due to tight inventory.

CoreLogic: Home Prices Surge Another 18% Annually in Sept.

Wed, 11/10/2021 - 03:11
CoreLogic’s latest report notes high buyer demand amid a supply shortage. From Aug. to Sept., home prices rose 1.1% to reach a new high, but they may soon moderate.

Buyers Also Face Competition from Investors

Wed, 11/10/2021 - 03:11
The share of investors is at the highest level since 2015, says realtor.com. Investors are mostly targeting the Midwest and Sun Belt, where rental prices are climbing.