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: 20 hours 27 min ago

Long-Term Mortgage Rates Fall – 30-Year at 2.91%

Thu, 08/27/2020 - 04:08
Rates flirted with the 3% mark last week only to drop down to 2.91% this week – almost down to their all-time record low of 2.88% hit only a few weeks ago.

FHFA: Foreclosure, REO Eviction Ban Extended to Dec. 31

Thu, 08/27/2020 - 04:08
At-risk homeowners can’t be removed until Dec. 31 – extended from Aug. 31 – if Fannie or Freddie owns the mortgage; a REO moratorium applies to completed foreclosures.

NAR: Pending Home Sales Rise 5.9% in July

Thu, 08/27/2020 - 04:08
In 2020, summer is the new spring, at least for real estate sales. Pent-up demand caused a nationwide boost in pending sales month-to-month and year-to-year.

COVID-19 Crisis Makes Laptops Hard to Get

Wed, 08/26/2020 - 05:08
Time to upgrade office computers? You might want to wait. Laptops are hard to find, thanks to a drop in Chinese production and pandemic-related boost in demand.

2 Out of 3 Buyers Will Blow Their Budget for a Dream Home

Wed, 08/26/2020 - 05:08
Survey: 64% of buyers said they’d go over budget for their dream home, but record-low mortgage rates may be creating a false sense of security in bidding wars.

The Recession Like No Other: Forget Lessons Learned in 2010

Wed, 08/26/2020 - 04:08
Survey: It’s a pandemic paradox. Many Americans have thrived financially and even saved money. And most at-risk homeowners have equity; only a few are underwater.

RE Industry Pressure Worked: FHFA Postpones Refi Fees

Wed, 08/26/2020 - 04:08
After Sept. 1, owners who refinanced would have been charged a 0.5% surcharge if Fannie Mae or Freddie Mac would be taking over the loan. The surcharge will still go into effect but not until Dec. 1 – and refi loans less than $125K won’t be charged the fee at all.

Realtor.com Adds ‘Flood Risk’ Info to Most Home Listings

Wed, 08/26/2020 - 04:08
The new risk info will also be added to non-listed homes. It’s scored 1-10, with 1 representing the least likely chance of a flood impact over the next 30 years.

NAHB: Home Prices Rose $14K Since April Due to Lumber Costs

Wed, 08/26/2020 - 04:08
The average price of a new home has risen over $14K in four months due to the cost of softwood lumber. Builders want more U.S. production and lower Canadian tariffs.

U.S. Consumer Confidence Falters as Pandemic Drags On

Tue, 08/25/2020 - 05:08
Outlooks over present conditions “decreased sharply,” though Americans’ attitudes about the future also took a step back. The Conference Board says that consumers’ worries “will likely cause spending to cool in the months ahead.”

FHA Mortgage Delinquencies Reach a Record

Tue, 08/25/2020 - 05:08
The share of late FHA loans rose to almost 16% in 2Q, up from 9.7% the previous quarter – the highest level since at least 1979. For conventional loans, the rate is 6.7%.

S&P CoreLogic Case-Shiller: Home Prices Rise 3.5% in June

Tue, 08/25/2020 - 05:08
June’s year-over-year price increase showed continued strength in the housing market, though the rate of increase has slowed recently. In May, it was 3.6%.

Active and Former Meth Houses Pose Health Risks

Tue, 08/25/2020 - 05:08
“Former meth house” is a rare but serious problem in the real estate world. Toxic residue can be a health risk for up to five years after the meth lab moves out.

‘Golden Girls’ Home Sells for $1M Over Asking Price

Tue, 08/25/2020 - 05:08
For most of the TV show, their fake house was on a backlot at Disney Hollywood Studios, but it was based on a real house located in the Brentwood area near Los Angeles.

New Home Sales Surge 13.9% – Far More Than Thought

Tue, 08/25/2020 - 04:08
The increase in July follows strong numbers in May and June. But while experts predicted another increase, the level of that increase surpassed most expectations.

Four Ways the Coronavirus Is Changing Commercial Real Estate

Mon, 08/24/2020 - 05:08
The pandemic had an immediate effect on commercial real estate, but some changes will continue to have an impact, such as working trends and retail sales.

Legal Q&A: Hurricane Irma Damages? Make a Claim Soon

Mon, 08/24/2020 - 05:08
Also: A lot of vendor contracts have a clause called a limitation of liability, which sounds as if they’re not responsible for anything. Is that binding?

In South Fla., There’s a Buyer’s Market – for Condos

Mon, 08/24/2020 - 05:08
Greater Downtown Miami has more than 30 months of condo supply and 100 months of luxury units, according to an MLS data analysis by Condo Vultures Realty.

Tourists Spoke: Fla. Is Home to 10 of 15 ‘Best U.S. Beaches’

Mon, 08/24/2020 - 05:08
Those online tourism reviews on TripAdvisor? The company analyzed them to identify most-loved beaches, and 10 of the top 15 are in Fla., ranging from the Panhandle to Miami. Overall, tourists’ online reviews ranked Clearwater Beach as their No. 1 U.S. seaside destination.

Florida Realtors Honors 2020 Award Winners

Mon, 08/24/2020 - 04:08
Eric Sain, 2019 president, is 2020 Realtor of the Year – all award winners were honored in a recognition video shared yesterday to kick off the Virtual Convention.