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

OSHA Vaccine Mandate Doesn’t Include Independent Contractors

Thu, 11/04/2021 - 04:11
All U.S. companies with 100+ employees must confirm employees’ vaccination status or have them supply a negative COVID-19 test once per week starting Jan. 4, 2022 – but the rule likely won’t affect most Fla. RE brokerages.

States with the Fewest Outgoing Residents? Fla. No. 3

Thu, 11/04/2021 - 04:11
The LendingTree study also identified Fla. as a top destination for out-of-state movers: More than a third (36%) of state-to-state movers preferred relocating to Fla.

Fed Makes It Official: It Will Slow Mortgage Bond Purchases

Thu, 11/04/2021 - 04:11
The central bank bought bonds to keep mortgage rates low, and it will start “tapering” those purchases. It means rates will likely move higher – but that’s not assured.

Apple iOS Privacy Updates Impact Real Estate Ads

Thu, 11/04/2021 - 04:11
Targeted ads work if software builds a profile of users. With Apple’s new privacy options, however, apps have more trouble collecting needed data for targeting.

Long-Term Mortgage Rate Ticks Back Down to 3.09%

Thu, 11/04/2021 - 04:11
Average mortgage rates moved higher over the previous two weeks, but this week’s 30-year, fixed-rate mortgage dropped from last week’s average 3.14%.

The Top Buyer Concern on Moving? Local Crime Data

Thu, 11/04/2021 - 04:11
A survey found that the pandemic shifted some buyer priorities. The desire for a safe neighborhood became more important than the cost of living or local schools.

UF: Floridians’ Consumer Confidence Down for Third Month

Wed, 11/03/2021 - 04:11
Oct. consumer sentiment dropped 3.6 points, the third month in a row for sinking attitudes. At least part of the reason: Issues that slow recovery aren’t resolved.

Lenders Deny Higher Percentage of Asian Americans’ Mortgages

Wed, 11/03/2021 - 03:11
Urban Institute report: The mortgage-denial rate for Asian Americans is 8.7% compared to 6.7% for whites, despite the former’s generally better credit scores and income.

Fair Housing: Lenders Tend to Deny Asian Americans’ Mortgages

Wed, 11/03/2021 - 03:11
Urban Institute report: The mortgage-denial rate for Asian Americans is 8.7% compared to 6.7% for whites, despite the former’s generally better credit scores and income.

Tired of Writing Listing Descriptions? Software Does It for You

Wed, 11/03/2021 - 03:11
A natural language processing program will describe listings for you. It only needs to scan photos to write things like, “The home has four ceiling fans.”

Daylight Saving Time Ends Nov. 7. Why Does Fla. Still Do This?

Wed, 11/03/2021 - 03:11
In 2018, Fla. lawmakers approved year-round Daylight Saving Time in keeping with the Sunshine State’s theme. But Congress still hasn’t signed off on it.

Zillow to Stop Home-Flipping Amid Pricing ‘Unpredictability’

Wed, 11/03/2021 - 03:11
About two weeks after publicizing a temporary pause for its iBuyer program, Zillow Offers, the company announced that the program would be phased out altogether. “Forecasting home prices far exceeds what we anticipated,” it said, resulting in “too much earnings and balance-sheet volatility.”

How Can Desktop Appraisals Make the Mortgage Process Easier?

Wed, 11/03/2021 - 03:11
Desktop appraisals – a temporary pandemic policy now made permanent – is less than a full on-site appraisal yet more than just software used for quick online estimates.

Millennial Demand Should Keep Housing Strong for Years

Tue, 11/02/2021 - 04:11
Almost 1 in 4 Americans (22%) is a millennial. As homebuyers, they made up more than 1 in 3 (37%) customers over the past year, according to Barron’s.

Save Gas Money – Use Google Maps

Tue, 11/02/2021 - 04:11
The fastest route to a destination may not be the cheapest. A new tool helps Google Map users save money (and the planet) using those routes that minimize fuel costs.

When Will S. Fla. Rents Drop? Experts Say Not Soon

Tue, 11/02/2021 - 04:11
In 3Q, multifamily Palm Beach County rents were up 28% year-to-year, as out-of-state newcomers and low inventory created lots of demand for too-few available units.

Will Fla. Have Enough Homes If Canadians Return?

Tue, 11/02/2021 - 04:11
While Canadians and Realtors cheer Nov. 8 border re-openings, foreign visitors will be competing with an uptick in Americans now calling Fla. their winter home.

Fed Set to Wind Down Economic Stimulus This Week

Tue, 11/02/2021 - 04:11
It has a tricky job though: curbing inflation without hurting the economy. For homebuyers, it might mean slowly rising mortgage rates as the Fed cuts back on bond buys.

Buyers May Face Hidden Costs for Homes with Solar Power

Tue, 11/02/2021 - 04:11
“Solar-powered home” sounds like a great money-saving deal, but buyers should study possible costs before committing. Not all property insurance companies will cover solar panels, and the ones that do have a wide-ranging set of rules and inconsistent coverage pricing.

HUD Granting Fla. $113.2M for 2020 Disaster

Mon, 11/01/2021 - 04:11
Fla. and nine other states will share more than $2B in CDBG-Disaster Recovery Funds. The Fla. money is a response to Hurricane Sally (Sept. 14-28, 2020) damage.