Realtor News

Syndicate content
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 25 min ago

NAR Issues Fraud Alert Over Suspicious Insurance Calls

Fri, 08/21/2020 - 04:08
“Hello, this is NAR health insurance calling.” No – it’s not. NAR has received fraud reports from members saying a robocaller has been asking for personal information.

NAR: July Existing-Home Sales Soar 24.7% Higher

Fri, 08/21/2020 - 03:08
“The housing market is well past the recovery phase and now booming,” says NAR economist. And current owners seeking larger homes will “drive demand even into 2021.”

Appeals Court Rejects Insurer’s ‘AOB’ Arguments

Fri, 08/21/2020 - 03:08
An owner assigned benefits to a vendor after hurricane damage, and the insurer refused to pay, citing “alienation” in the Fla. constitution – but an appeals court rejected it.

Don’t Remove Political Yard Signs – a Private Property Rights Issue

Fri, 08/21/2020 - 03:08
Buyers may think twice if a listing’s neighbors display political-position signs – but don’t remove them. This private property rights issue got a Denver agent fired.

Opinions Differ on Coastal Areas’ Response to Climate Change

Fri, 08/21/2020 - 03:08
What should Fla.’s coastal communities do to mitigate rising seas? In Miami-Dade County, residents’ preferences differ from Army Corps of Engineers’ plans.

Florida Realtors: July Housing Market Had ‘Wave of Closed Sales’

Fri, 08/21/2020 - 03:08
Florida Realtors’ data: July saw more sales, higher median prices, more new pending sales and more new listings year-over-year. Single-family sales rose 11.7%; condo sales were up 6.5% – “the 1st year-over-year increase in this category since March,” says Chief Economist O’Connor.

Builders Not Excited About the Multifamily Market

Thu, 08/20/2020 - 04:08
NAHB’s multifamily confidence index for the second quarter found a 10-point increase in builder optimism – but at 37, attitudes still remain below the median score of 50.

Recovery Report: All 4 Fla. Metros Exceed Pre-Pandemic Levels

Thu, 08/20/2020 - 04:08
If the Jan. Fla. real estate market was “normal,” today’s market is even better in the four metro areas tracked by realtor.com’s Recovery Report. The U.S. report declined slightly this week, however, largely because new listings dropped below Jan. 2020 levels.

Long-Term Mortgage Rates Almost Rise Above 3%

Thu, 08/20/2020 - 04:08
The average 30-year, fixed-rate mortgage rose to 2.99% this week – its second increase since hitting a record low of 2.88%. A year ago, it was 3.55%.

Airbnb Bans House Parties Worldwide Citing Virus Mandates

Thu, 08/20/2020 - 04:08
For Airbnb guests, the party’s over. Many owners’ listings have no-party rules, and Airbnb was already dealing with party issues, but the latest rule bans them altogether.

Condo Q&A: Should Monthly Fees Drop If Amenities Are Closed?

Wed, 08/19/2020 - 04:08
Also: An HOA board decided to change trim colors for 108 community homes. Is that a material alteration – something members should vote on?

The Problem with Property Valuations in Uncertain Times

Wed, 08/19/2020 - 04:08
Is a pre-pandemic home sale price “comparable” to the price now? Economic uncertainty has created a few new challenges for the home valuation industry.

U.S. News & World Report Lists Best Mortgage Lenders

Wed, 08/19/2020 - 04:08
The magazine ranks mortgage lenders and best personal loans, including a Fla.-specific list based on borrowers’ needs. Chase, for example, offers $3,000 at closing for Floridians who take a homebuyer education course; Fifth Third is tops for low-down-payment options.

NAR: How Can Realtors Stop Housing Inequity?

Wed, 08/19/2020 - 04:08
Realtors have the power to undo years of systemic racial segregation, Richard Rothstein, author of “The Color of Law,” told Realtors at a virtual meeting this week.

New CFPB Loan Should Help Lower-Income Homebuyers

Wed, 08/19/2020 - 04:08
Lenders approve qualified mortgages (QM), knowing Fannie or Freddie will buy them – but they could buy “seasoned QM loans” if lenders hold them for a period of time.

Housing Industry Wants Fannie, Freddie to Cancel New Refi Fee

Tue, 08/18/2020 - 05:08
Housing industry associations are condemning a change announced by Fannie Mae and Freddie Mac to charge homeowners a sizable fee to refinance starting Sept. 1. A coalition of 20 groups that includes NAR has signed onto a push by mortgage bankers to cancel it.

Fla. Announces $10M Housing Loan Program in Panhandle

Tue, 08/18/2020 - 05:08
Gov. DeSantis traveled to Panama City to announce a relaunch of the Hurricane Michael Recovery Loan Program. Over 600 homebuyers will likely receive help.

NAR Names VP of Diversity and Inclusion and Talent

Tue, 08/18/2020 - 05:08
“Diversity, equity and inclusion are core values (and Andréa Moore’s) promotion reflects our steadfast commitment to those principles,” says NAR CEO Goldberg.

July New-Home Construction Surges 22.6%

Tue, 08/18/2020 - 05:08
It’s the third month in a row for an increase and the big gains came from the construction of apartments and condominiums, which soared 56.7%.

Pandemic Sparks Homeowners’ ‘Purging Tsunami’

Tue, 08/18/2020 - 05:08
Goodwill rented warehouse space to store an uptick in donations and trash companies are thriving as stuck-at-home owners clean up their spaces.