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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.

Assignment-of-Benefits Loophole Puts Owners at Risk

Realtor News - Tue, 11/30/2021 - 05:11
Fla. tightened AOB rules, yet a “Direction to Pay” still allows contractors to direct bill insurers, with homeowners now on the hook if insurance money falls short.

Assignment-of-Benefits Loophole Puts Owners at Risk

Realtor News - Tue, 11/30/2021 - 05:11
Fla. tightened AOB rules, yet a “Direction to Pay” still allows contractors to direct bill insurers, with homeowners now on the hook if insurance money falls short.

Floridians’ Consumer Confidence Dips Again in Nov.

Realtor News - Tue, 11/30/2021 - 04:11
The one-point decline to 70.8 isn’t big – but it’s the fourth month in a row for a decrease as rising prices and supply-chain frustrations take a toll.

Floridians’ Consumer Confidence Dips Again in Nov.

Realtor News - Tue, 11/30/2021 - 04:11
The one-point decline to 70.8 isn’t big – but it’s the fourth month in a row for a decrease as rising prices and supply-chain frustrations take a toll.

Report: Fla. a Top State for Tiny Homes

Realtor News - Tue, 11/30/2021 - 04:11
Want sun, sand and surf, and don’t mind a stove that’s two feet from your bed? Many people do, and Fla. ranked fourth for tiny homes, which cost about $50K.

Report: Fla. a Top State for Tiny Homes

Realtor News - Tue, 11/30/2021 - 04:11
Want sun, sand and surf, and don’t mind a stove that’s two feet from your bed? Many people do, and Fla. ranked fourth for tiny homes, which cost about $50K.

Fla.’s Insurer-of-Last-Resort Sees Lawsuits Spike

Realtor News - Tue, 11/30/2021 - 04:11
From Jan. through Sept., Citizens Ins. received an average 878 new lawsuits each month – a 45% increase compared to the same timeframe in 2020.

Fla.’s Insurer-of-Last-Resort Sees Lawsuits Spike

Realtor News - Tue, 11/30/2021 - 04:11
From Jan. through Sept., Citizens Ins. received an average 878 new lawsuits each month – a 45% increase compared to the same timeframe in 2020.

U.S. Consumers Less Happy but More Optimistic

Realtor News - Tue, 11/30/2021 - 04:11
The Nov. Consumer Confidence Index fell from 111.6 to 109.5. “Expectations about short-term growth prospects ticked up, but job and income prospects ticked down.”

U.S. Consumers Less Happy but More Optimistic

Realtor News - Tue, 11/30/2021 - 04:11
The Nov. Consumer Confidence Index fell from 111.6 to 109.5. “Expectations about short-term growth prospects ticked up, but job and income prospects ticked down.”

Florida Realtors/Florida Bar Residential & AS IS Contracts

Realtor News - Mon, 11/29/2021 - 04:11
One Month Ago, FR/Bar Contracts Changed Many Realtors study updates, but details can get hazy after a few months. However, Florida Realtors/Florida Bar help is still online, including the “talking contract,” videos and redline copies of the contracts.

Dear Joey: MLS Policies Change? How Does It Affect Me?

Realtor News - Mon, 11/29/2021 - 04:11
NAR updated MLS rules at its recent convention, and Realtors may discover changes within their MLS on or before the Jan. 1 effective date. One change applies to marketing, however: A buyer’s agent can’t advertise their services as “free.”

Americans Moving Less and Less Often: Why?

Realtor News - Mon, 11/29/2021 - 04:11
In the 1950s, 20% of Americans moved every year. Now it’s about 8.4% because a sedentary aging population and the Great Recession bumped it even lower.

NAR: Oct. Pending Home Sales Jump 7.5%

Realtor News - Mon, 11/29/2021 - 04:11
On-the-fence buyers fearful of rising mortgage rates and rental costs pushed pending sales up 7.5%; 2021 could now break a 15-year record for housing sales.

Condo Q&A: OK to Serve Alcohol at HOA Events?

Realtor News - Mon, 11/29/2021 - 04:11
It’s the holidays. That often means neighborhood parties, and those often include alcohol. Does that create any liability issues for an HOA event?

Can a Condo Buyer Inspect a Rooftop A/C Unit?

Realtor News - Mon, 11/29/2021 - 04:11
Before trying to schedule a rooftop air conditioning inspection, a condo buyer should first find out who’s responsible for A/C maintenance – the unit owner or the association.

Mold Rider Confusion: ‘AS IS’ vs. Residential Contract

Realtor News - Mon, 11/29/2021 - 04:11
Contract lesson No. 1: Make sure one contract’s rider works with other contracts. Lesson No. 2: The Mold Inspection Rider only applies to the standard FR/Bar contract because the “AS IS” version doesn’t need it.

Hanging Outdoor Lights? Also Do a Home Inspection

Realtor News - Mon, 11/29/2021 - 04:11
Owners rarely study the outside of their home, but hanging lights presents an opportunity. How’s the roof? Any foundation cracks? Electric working correctly?

Rising Rents Hit Smaller Cities Hardest

Realtor News - Mon, 11/29/2021 - 04:11
Remote work increased small-city demand, with two Fla. ones in the top 10: St. Petersburg rents rose 56.7% for one bedroom, Hialeah 49.2% for two.
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