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Zillow Offers Sold About Half Its Inventory So Far

Realtor News - Mon, 12/06/2021 - 03:12
A month after shutting down Zillow Offers, the company’s home-flipping, iBuyer business, Zillow will buy back stock, which fell about 60% so far this year.

Citizens Shops Plan to Reduce Policies

Realtor News - Mon, 12/06/2021 - 03:12
The Fla.-owned insurer wants fewer policies, and it’s proposed a law that would force homeowners to accept private coverage even if it costs up to 20% more.

Home Prices Keep Rising but Slowing

Realtor News - Fri, 12/03/2021 - 04:12
After increasing for 14 straight months, home price growth finally slowed in September. Experts say it’s a step in the right direction for buyers in 2022.

Fla.: 9th-Least Amount of New Housing to Job Growth

Realtor News - Fri, 12/03/2021 - 04:12
The report says population density is part of the problem in increasing housing supply, as most consumers prefer living in single-family homes.

Trend No More? Escalation Clauses Losing Appeal

Realtor News - Fri, 12/03/2021 - 04:12
More real estate pros are advising clients not to use the clauses, which may give away too much info in a bidding war and hurt any negotiations.

Omicron May Threaten New Disruption in Real Estate

Realtor News - Fri, 12/03/2021 - 04:12
Analysts: Fears over the omicron variant could drive mortgage rates lower and perhaps stall demand for what has been a rebounding office sector.

Risks for Home Insurers Rise in Fla.

Realtor News - Fri, 12/03/2021 - 04:12
Insurance experts: Fla. homeowners can expect to pay even more in premiums over the next decade if insurers’ losses cannot be significantly reduced.

Knowledge Is Power: 2022 Mid-Winter Meetings

Realtor News - Fri, 12/03/2021 - 04:12
Insight helps in a changing market. Florida Realtors’ 2022 Mid-Winter Business Meetings provide the edge you need to succeed.

$6M in 4 Months? A Facebook Lead Strategy

Realtor News - Thu, 12/02/2021 - 04:12
The key: Many relocating buyers explore prospective cities via Facebook Groups. The strategy: Join those groups and become the voice for local real estate.

How Many Homes Go to Investors? About 18%

Realtor News - Thu, 12/02/2021 - 04:12
According to the analysis, only Fort Lauderdale (18.6%) comes close to that number. In Jacksonville, more than 1 in 4 homebuyers (28.1%) are investors.

Affordability Crisis Getting Worse – What to Do?

Realtor News - Thu, 12/02/2021 - 04:12
In S. Fla., housing has never been affordable for most of its working-class population, and new challenges could take years to fix.

Mortgage Rates Hold Steady This Week, Average 3.11%

Realtor News - Thu, 12/02/2021 - 04:12
Rates ticked slightly higher than last week’s 3.10%. Many economists predict increases since the Fed says it will tighten monetary policies – but it hasn't happened yet.

U.S. Census: Less Racially Segregated, No Less Unequal

Realtor News - Thu, 12/02/2021 - 04:12
A Brown University analysis finds the primary factor driving Americans’ neighborhood choice is race rather than income. Some things got better; others did not.

HUD Awards Additional $5.7M to Fair Housing Programs

Realtor News - Thu, 12/02/2021 - 04:12
Agencies must apply by Dec. 30. The money can be used for a range of fair housing activities related to discrimination resulting from the COVID-19 pandemic.

FHFA: 2022 Loan Limits 18.05% Higher – to $647K

Realtor News - Wed, 12/01/2021 - 05:12
The cap on conventional and FHA loans will rise notably higher next year, with caps in a handful of high-cost markets coming close to $1 million.

In 2018, Warehouses Overtook Offices in Total U.S. Space

Realtor News - Wed, 12/01/2021 - 04:12
Office markets’ future – who will/won’t return – still isn’t clear, but it lost its No. 1 spot in total space in 2018 as the warehouse sector rose to the top.

NAHB: Home Price Appreciation Slows in Sept.

Realtor News - Wed, 12/01/2021 - 04:12
Home prices continue to rise, but the pace of that rise seems to be slowing. Since June, year-to-year increases have decelerated for four consecutive months.

Millennials Locked Out of Hot Real Estate Markets

Realtor News - Wed, 12/01/2021 - 04:12
On Monday, NAR said that pending sales rose 7.5%, but it appears the buyer uptick includes fewer millennials as home prices rise beyond their reach.

Condo Q&A: Can an Owner’s POA Son Be on the Board?

Realtor News - Wed, 12/01/2021 - 04:12
Also: A non-gated community installed security cameras at entrances. Now board members monitor who comes and goes on their cellphones. Is that legal?

FHFA: Fla. Metro Price Increases Top National Average

Realtor News - Tue, 11/30/2021 - 05:11
U.S. home prices rose 18.5% year-to-year in 3Q, but the increases in eight Fla. metros ranged from 20.5% in Central Florida to 34.7% in Cape Coral-Fort Myers.
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