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ULI and PwC 2022 RE Forecast: Resilience, Flexibility, Optimism

Realtor News - Mon, 10/25/2021 - 04:10
An interview with 1,700 RE experts found high expectations for the real estate market in 2022. Traditional spaces – homes, offices, shopping centers, etc. – have changing expectations, but 75% of investors now feel confident about their decisions. Last year, less than 50% said the same.

Is Your LinkedIn Profile Working for You?

Realtor News - Mon, 10/25/2021 - 04:10
First rule of LinkedIn: The more connections you have, the more potential clients you have. And think of your summary section as a personal advertisement.

Post-Hurricane FEMA Claims? Fla. Man Gets 2 Years for Lying

Realtor News - Mon, 10/25/2021 - 04:10
A Jacksonville court sentenced a 27-year old to two years in prison for lying on an aid application after Hurricane Irma; he must repay $8K to the federal government.

U.S. DOJ Expanding Investigations into Redlining

Realtor News - Mon, 10/25/2021 - 04:10
A cross-agency coordinated effort will focus on lender actions and attitudes that maintain racial segregation. Agencies plan to investigate and prosecute discrimination.

Inflation, Fed Action Set Stage for Higher Mortgage Rates

Realtor News - Fri, 10/22/2021 - 04:10
Planned changes by the Fed will likely push mortgage rates higher – but refis will dry up, and lenders may still offer deals as they compete for homebuyers’ loans.

Paint Brick Exteriors to Be Trendy? There’s No Going Back

Realtor News - Fri, 10/22/2021 - 04:10
Refreshing old brick exteriors with paint gives a listing a new, clean look. But what if the current trend fades? Removing paint later is close to impossible.

Judge Rejects COVID-19 Property Rights Case

Realtor News - Fri, 10/22/2021 - 04:10
In Walton County, commissioners shut down beaches during the pandemic, including private ones. Homeowners sued claiming they deserve compensation, but a judge said no.

More Buyers Adding ‘Inclusive Community’ to Their Lists

Realtor News - Fri, 10/22/2021 - 04:10
Recently aware that some communities have historically been one race or another, an increased number of buyers are adding “racially diverse neighborhood” to their list of must-haves. But that doesn’t always help lower-income neighborhoods if it causes gentrification and rising home prices.

Fla. Climate Change: Days Aren’t Getting Hotter – Nights Are

Realtor News - Fri, 10/22/2021 - 04:10
Fla. isn’t seeing a lot of new record-high temperatures during the day, but a tracking of overnight lows in Central Florida found 807 record highs from 2015 to 2020.

The Latest Buzz in Multifamily? Biophilic Design

Realtor News - Fri, 10/22/2021 - 04:10
Biophilic design attempts to bring a suburban atmosphere into urban cores. The main tool? Plants – and lots of them, often incorporated into a building’s design.

Millennials Worry Less About Using Their Home Equity

Realtor News - Thu, 10/21/2021 - 04:10
14% of millennials would use home equity for a vacation compared to 3% of boomers. But 64% of boomers would tap it for home improvements, compared to 49% of millennials.

Industry Leaders Go to U.S. Capitol, Advocate for Housing Money

Realtor News - Thu, 10/21/2021 - 04:10
NAR and others held a meeting and pushed for Congress to keep housing dollars in the massive infrastructure project, saying it “must stay in the reconciliation package.”

Fla.’s Housing Market: Median Prices, All-Cash Sales Up in Sept.

Realtor News - Thu, 10/21/2021 - 04:10
Florida Realtors’ data: Median prices up 18.3% for single-family homes to $355,000 year-to-year; up 17.2% to $255,000 for condos. Single-family home sales down 1.3% year-over-year; condo sales up 4.9%. However, Sept. 2020 saw a huge sales surge because the pandemic shifted transactions into summer and fall, says Chief Economist O’Connor.

NAR: Existing-Home Sales Surge 7.0% Higher in September

Realtor News - Thu, 10/21/2021 - 04:10
While the inventory of for-sale homes is down 13% year-to-year, NAR Economist Yun credits a boost in supply for the increase, and buyers’ fears of rising interest rates.

Fla. Builders Investing Heavily in New Single-Family Construction

Realtor News - Thu, 10/21/2021 - 04:10
How many new homes are being built? A study looked at building permits and year-to-year increases as of June. Out of all U.S. cities, 10 Fla. metros are in the top 20.

Mortgage Rates Climb Again This Week, Hit 3.09%

Realtor News - Thu, 10/21/2021 - 04:10
The average for a 30-year, fixed-rate mortgage moved notably higher this week. Freddie Mac economist blames “the trajectory of both the economy and the pandemic.”

Desktop Appraisals Will Outlast the Pandemic

Realtor News - Wed, 10/20/2021 - 04:10
FHFA announced this week that remote appraisals for conventional loans – a temporary pandemic-era change – will become a permanent option starting in 2022.

NAR Names Clearwater Realtor as Good Neighbor Award Winner

Realtor News - Wed, 10/20/2021 - 04:10
The contest to recognize Realtors who serve their communities selects 5 Realtors each year. In 2021, Christina Sauger was honored for her work feeding those in need.

Lumber Prices Dropped 65% – But Don’t Expect Cheaper Homes

Realtor News - Wed, 10/20/2021 - 04:10
Rising lumber costs pushed new-home prices higher and higher. While that supply-chain problem is easing, however, other building materials are still in short supply, even as builders face a labor shortage and high buyer demand. The bottom line: New-home costs won’t plateau anytime soon.

Study: 3 Fla. Metros in Top 10 for Highest Rent Increases

Realtor News - Wed, 10/20/2021 - 04:10
Over the past 7 quarters, Tampa-St. Pete had the nation’s second-highest rent increases (23.7%), with Jacksonville No. 3 (up 23%) and Broward County No. 9 (19.5%).
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