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

Fla. Senators Introduce the ‘Canadian Snowbirds Act’

Fri, 09/20/2019 - 04:09
Senate Bill 2507, introduced by Scott and Rubio, would allow Canadian snowbirds to stay in the U.S. for up to eight months – an increase from the current six months.

‘Will You Lower Your Commission?’ – How to Respond

Fri, 09/20/2019 - 04:09
Start by listening to a seller’s questions and empathizing. Once you understand the reason they’re asking the question, it’s easier to respond appropriately.

Corcoran Group Cyberattack an Industry Wake-Up Call

Fri, 09/20/2019 - 04:09
While business hacking can put client data at risk, it can have other motives – like hurting a business by sharing corporate info with rank-and-file workers.

Know Your Contract Days: Calendar vs. Business

Fri, 09/20/2019 - 04:09
Fla. law doesn’t oversee time computations, and since time calculations are an important component of most transactions, it’s an important concept to understand.

Florida Housing Market: Median Prices & Pending Inventory Up in August

Thu, 09/19/2019 - 04:09
August’s statewide single-family home median price up 4.2% to $256K, sales up 3.2% year-to-year. Condo median price up 2.7% to $190K, sales down 2.9%.

Are Personality Tests the Best Way to Evaluate Agents?

Thu, 09/19/2019 - 04:09
Introvert, extrovert, Type A? Several brokerages expand teams based on personality test results, but some experts wonder how effective that is in the workplace.

Average 30-Year Mortgage Rate Rises to 3.73%

Thu, 09/19/2019 - 04:09
U.S. long-term mortgage rates shot up this week, though they’re close to the historic lows that appear to be helping the real estate market.

NAR: Existing-Home Sales Increase 1.3% in August

Thu, 09/19/2019 - 04:09
NAR economist credits lower mortgage rates “leading more buyers to the market.” In a year-to-year comparison, sales rose 2.6% while prices rose 4.7%.

IBM Suing Zillow, Alleges 7 Patent Infringements

Thu, 09/19/2019 - 04:09
According to IBM allegations, it created a number of Zillow processes and algorithms that the company now uses without permission or payment to IBM.

The Craigslist Scam: Still Around and Still a Problem

Thu, 09/19/2019 - 04:09
Scammers sometimes pull a Realtor’s listing pictures and content from an ad site, often Craigslist, and repost them with minor changes – generally a lower price and different contact number – and agents don’t find out their info was stolen until a renter contacts them.

Federal Reserve Cuts Interest Rates by Quarter Point

Wed, 09/18/2019 - 04:09
The Fed cut rates for the second time this year and said it would keep doing what it deems necessary to sustain the U.S. economic expansion. Interest rate cuts have a direct impact on adjustable-rate mortgages and an indirect effect on fixed-rate loans.

Up to 1 in 4 Married Couples Want Separate Bedrooms

Wed, 09/18/2019 - 03:09
Buyers may not admit it, but more are sleeping in separate bedrooms and may prefer listings that make it happen. It’s a sleep thing, not a relationship thing.

FICO Credit Scores Surge to Record High

Wed, 09/18/2019 - 03:09
More homebuyers qualify for low mortgage rates after the average FICO score rose to 706. In post-recession 2009 it was 686; in pre-recession 2006 it was 690.

Still Thousands of Open Claims for 2018’s Hurricane Michael

Wed, 09/18/2019 - 03:09
Fla. Insurance Commissioner Altmaier says Dorian has generated $10M in claims so far, most covered by deductibles. But year-old claims still remain for Michael.

Home Starts Surge 12.3% in August – a 12-Year High

Wed, 09/18/2019 - 03:09
Economists expected a more modest gain as permits, a signal of future building, also rose 7.7%. Single-family starts rose 4.4% as multifamily surged 30.9%.

Legal Q&A: Condo Association Can’t Demand Email Addresses

Wed, 09/18/2019 - 03:09
Also: What does Fla. law say about recording board meetings? And may condo unit owners attend a pre-suit mediation if one owner has threatened to sue?

Successful Class Action Suit Puts Condo Boards On Notice

Tue, 09/17/2019 - 04:09
Under Fla. law, condo transfer fees can’t exceed $100, a limit that’s often ignored. However, that may change. A Miami condo board that charged $350 for screening and move in/move out fees has agreed to pay up to $300K to settle a class action lawsuit.

In Mobile Home Parks, It’s Investors vs. Affordable Housing

Tue, 09/17/2019 - 04:09
In many U.S. cities, the last vestiges of affordable housing are mobile home parks: Residents own the home and rent the land beneath it. But investors prize the land because they can buy it and raise rents, and it’s often a prime spot for developers who want to build housing.

Flood Insurance Extension Likely – but Reforms Elusive

Tue, 09/17/2019 - 04:09
A short-term flood insurance extension is likely before it expires Sept. 30, but it’s less likely that Congress will consider any meaningful reforms before then.

Could Mortgage Rates Really Drop to Zero?

Tue, 09/17/2019 - 04:09
It’s unlikely the Fed will drop interest rates to zero as Pres. Trump requested – but if they did, it would have an upside and a downside for homebuyers.