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NAR August Pending Home Sales Bounce Back by 8.1%

Realtor News - Wed, 09/29/2021 - 04:09
NAR Economist Yun credited “rising inventory and moderating price conditions” for bringing more buyers back to the market. A separate realtor.com survey found three Fla. metro areas to be “hottest markets,” including the areas around Orlando, Tampa and Jacksonville.

Buyers Consider Disaster Risk in Purchase Decisions

Realtor News - Wed, 09/29/2021 - 04:09
When creating a list of must-haves and would-likes, three out of four homebuyers include some consideration of disaster risk, according to a realtor.com study.

Creating Facebook Content for Realtors: 6 Top-Tier Tools

Realtor News - Wed, 09/29/2021 - 04:09
Facebook posts should be relaxed and accessible, but a handful of tools can make consistent posts easier to schedule and more appealing to readers.

Creating Facebook Content for Realtors: 6 Top-Tier Tools

Realtor News - Wed, 09/29/2021 - 04:09
Facebook posts should be relaxed and accessible, but a handful of tools can make consistent posts easier to schedule and more appealing to readers.

MBA Report: Mortgage Market Isn’t Prepared for Climate Risk

Realtor News - Wed, 09/29/2021 - 04:09
What future risk does a changing climate present for a property? So far, lenders seem unprepared to even gauge that risk, much less mitigate a potential impact.

MBA Report: Mortgage Market Isn’t Prepared for Climate Risk

Realtor News - Wed, 09/29/2021 - 04:09
What future risk does a changing climate present for a property? So far, lenders seem unprepared to even gauge that risk, much less mitigate a potential impact.

Without Action, a Government Shutdown Could Start Tomorrow

Realtor News - Wed, 09/29/2021 - 04:09
No two shutdowns are the same, but the IRS would likely stop verifying homebuyers’ Social Security numbers and income. That created backlogs in earlier shutdowns.

Without Action, a Government Shutdown Could Start Tomorrow

Realtor News - Wed, 09/29/2021 - 04:09
No two shutdowns are the same, but the IRS would likely stop verifying homebuyers’ Social Security numbers and income. That created backlogs in earlier shutdowns.

Part III: Loan Approval Period and Possible Pitfalls

Realtor News - Tue, 09/28/2021 - 22:09
Buyers who want to make their offer more appealing sometimes consider changes to the contract’s “Loan Approval Period.” Of the possible changes they can choose to make their offer more appealing, this one may carry the highest risk.

Part III: Loan Approval Period and Possible Pitfalls

Realtor News - Tue, 09/28/2021 - 22:09
Buyers who want to make their offer more appealing sometimes consider changes to the contract’s “Loan Approval Period.” Of the possible changes they can choose to make their offer more appealing, this one may carry the highest risk.

Deem and Waive: The Legal Vocabulary Definitions

Realtor News - Tue, 09/28/2021 - 22:09
It’s important for buyers and sellers to fully read a contract and ask about any words that confuse them. In the Far/Bar AS IS contract, “deem” appears 10 times and “waive” 12 times, but some Florida Realtors Legal Hotline callers seemed confused about their definitions.

Deem and Waive: The Legal Vocabulary Definitions

Realtor News - Tue, 09/28/2021 - 22:09
It’s important for buyers and sellers to fully read a contract and ask about any words that confuse them. In the Far/Bar AS IS contract, “deem” appears 10 times and “waive” 12 times, but some Florida Realtors Legal Hotline callers seemed confused about their definitions.

Cooperating Compensation: ‘My Seller Must Offer More?’

Realtor News - Tue, 09/28/2021 - 22:09
Listing brokers determine cooperating compensation, either an amount or percentage. However, the issue has been a frequent topic of discussion in today’s market of thin listings and high buyer demand.

Cooperating Compensation: ‘My Seller Must Offer More?’

Realtor News - Tue, 09/28/2021 - 22:09
Listing brokers determine cooperating compensation, either an amount or percentage. However, the issue has been a frequent topic of discussion in today’s market of thin listings and high buyer demand.

Seller Demands Before Showings: How Much is Too Much?

Realtor News - Tue, 09/28/2021 - 22:09
A seller gave explicit instructions to the listing office: No showings unless the buyer supplies proof of funds first. But the buyer’s agent doesn’t want to disclose that kind of personal info just to see a home. Does he have to do it anyway?

Seller Demands Before Showings: How Much is Too Much?

Realtor News - Tue, 09/28/2021 - 22:09
A seller gave explicit instructions to the listing office: No showings unless the buyer supplies proof of funds first. But the buyer’s agent doesn’t want to disclose that kind of personal info just to see a home. Does he have to do it anyway?

New Record: Home Prices Rose 19.9% in July

Realtor News - Tue, 09/28/2021 - 04:09
A price increase of almost 20% year-to-year is unheard of – until now. Home prices hit record highs in 19 of the 20 cities included in monthly Case-Shiller reports.

New Record: Home Prices Rose 19.9% in July

Realtor News - Tue, 09/28/2021 - 04:09
A price increase of almost 20% year-to-year is unheard of – until now. Home prices hit record highs in 19 of the 20 cities included in monthly Case-Shiller reports.

FHFA Extends COVID-19 Forbearance for Multifamily

Realtor News - Tue, 09/28/2021 - 04:09
Multifamily property owners with a Fannie or Freddie loan will be offered forbearance indefinitely. In exchange, they must follow rules that limit tenant evictions.

Fla. Residents Less Confident, Wary of U.S. Economy

Realtor News - Tue, 09/28/2021 - 04:09
Consumer sentiment dropped for the second month in a row, though attitudes about personal situations rose – both current outlooks and expectations for next year.
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