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The Financing Contingency Trap for Unwary Buyers

Realtor News - Mon, 11/29/2021 - 03:11
The financing contingency can protect buyers – but only if they understand how their decision-making deadline (end of Loan Approval Period) works.

The Pain of Panes: New Windows in Short Supply

Realtor News - Wed, 11/24/2021 - 04:11
Two-thirds of builders cited a glass shortage for windows, shower doors, etc. The supply problem? A lot of it is manufactured in China, Mexico and India.

Single-Family Rental Demand ‘Through the Roof’

Realtor News - Wed, 11/24/2021 - 04:11
The listing shortage forced some families to rent, but many recent sellers are opting to pocket profits and wait a year or so for a calmer real estate market.

Heard About the Dog Selling a Mansion? It’s Fake

Realtor News - Wed, 11/24/2021 - 04:11
The widely reported news: A German Shepard sold a Miami mansion once owned by Madonna. It’s not true, and that story has been reappearing for 20 years.

New Single-Family Homes Get Bigger Again

Realtor News - Wed, 11/24/2021 - 04:11
After years of expansion, the average size of a new home started to come down – but a desire for more space in 3Q 2021 pushed new-home sizes 6.2% higher.

Higher Home Values Mean Higher Property Taxes

Realtor News - Wed, 11/24/2021 - 04:11
Homebuyers who think property taxes will match the amount the seller had paid often find they’re wrong – and rising home values may might make them very wrong.

Oct. New Homes Sales Up 0.4% as Prices Climb

Realtor News - Wed, 11/24/2021 - 04:11
While new-home sales increased, the amount of that increase was less than economists predicted. Year-to-year, new-home sales were down 23%.

One Pandemic Perk? Credit Scores Reach All-Time High

Realtor News - Tue, 11/23/2021 - 04:11
Relief programs and slower consumer spending boosted the average credit score 8 points, to 716, putting homeownership within reach for more buyers.

Florida Dodges Bullet as Storm Season Set to End

Realtor News - Tue, 11/23/2021 - 04:11
For the second year in a row, homeowners and insurers got through a hurricane season without facing any major storms.

Should You Be Marketing in the Metaverse?

Realtor News - Tue, 11/23/2021 - 04:11
Facebook and Microsoft envision metaverse growth, but it’s unclear if “living avatars” existing in a “hyper-real alternative world” are a fad or opportunity.

Oregon Bans Buyer “Love Letters” – Broker Sues

Realtor News - Tue, 11/23/2021 - 04:11
So-called love letters from buyers to sellers potentially raise fair housing concerns, but a brokerage says it violates First Amendment free speech rights.

Builders’ Hope Manufactured Homes Will Find Buyers

Realtor News - Tue, 11/23/2021 - 04:11
Homes largely built in factories and assembled onsite cost notably less, and builders say that option can help solve the affordable-home shortage.

Support a Florida Realtors Charity on #GivingTuesday

Realtor News - Tue, 11/23/2021 - 03:11
Realtors® are known for their giving spirit and love of community. Help us gift a smile or two this GivingTuesday by supporting a worthy cause. Click to learn more.

Florida Realtors Targeted With Scam Using GoFundMe

Realtor News - Tue, 11/23/2021 - 01:11
Scammers created a fake “GoFundMe” campaign to raise money for a Florida Realtors’ member’s child suffering from a rare disease. Don’t believe it.

Reservoir Completion Should Ease Toxic Algae Problems

Realtor News - Mon, 11/22/2021 - 04:11
The Corps of Engineers finished a $339M project to reroute excess water, which should cut St. Lucie River algae blooms that plagued nearby homeowners.

NAR: Oct. Sales Up 0.8% – but Down 13.1% Year-to-Year

Realtor News - Mon, 11/22/2021 - 04:11
Despite rising mortgage rates and a tight listing inventory (down 12% year-to-year), determined Americans kept purchasing homes in Oct.

Fla. Market: Median Prices Up, Amid Low Oct. Inventory

Realtor News - Mon, 11/22/2021 - 04:11
Florida Realtors’ data: Demand, low inventory impact prices. Single-family home median sale price up 17.7% to $358,950, condo median price up 17.6% to $260,000.

Fed will Maintain Current Policies Under Current Chair

Realtor News - Mon, 11/22/2021 - 04:11
Buyers keep an eye on mortgage rates, but there should be fewer surprises after Pres. Biden said he’ll rename Jerome Powell as chair for another four years.

Some Fla. Counties Disburse 100% of Rental-Aid Money

Realtor News - Mon, 11/22/2021 - 04:11
Other Fla. counties have not. Miami-Dade and Palm Beach counties distributed all their initial rent-assist funding, for example, but Broward had used only 32%.

Office Market: Owners Deferring to Employees on Return Plans

Realtor News - Fri, 11/19/2021 - 04:11
Office managers aren’t sure about future space needs because they aren’t sure how many workers will return. In a tight labor market, many are letting employees decide.
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