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Homes Sell at Fast Pace for 8th Month in a Row in Oct.

Realtor News - Wed, 11/10/2021 - 06:11
Realtor.com: Homes sold in the 50 biggest U.S. metros at an average of 39 days. Miami (No. 1), Jacksonville (3) and Orlando (4) were in the top 5 fastest-selling metros.

Fla.’s Housing Market: Median Prices, Cash Sales Up in 3Q

Realtor News - Wed, 11/10/2021 - 05:11
Florida Realtors’ data: Higher median prices – up 18.4% for single-family homes to $355,000; up 18.6% to $254,900 for condos – than 3Q 2020. Condo-townhouse sales up 13%, though single-family home sales were down slightly (-1.1%), at least in part due to tight inventory.

CoreLogic: Home Prices Surge Another 18% Annually in Sept.

Realtor News - Wed, 11/10/2021 - 03:11
CoreLogic’s latest report notes high buyer demand amid a supply shortage. From Aug. to Sept., home prices rose 1.1% to reach a new high, but they may soon moderate.

Buyers Also Face Competition from Investors

Realtor News - Wed, 11/10/2021 - 03:11
The share of investors is at the highest level since 2015, says realtor.com. Investors are mostly targeting the Midwest and Sun Belt, where rental prices are climbing.

Real Estate TikTok Ads: A How-to Guide

Realtor News - Wed, 11/10/2021 - 03:11
Stastica: 43% of TikTok users are age 30 and older, a good demographic for homebuyers. Benefits of TikTok ads include higher conversions and more website visitors.

Q&A: Can Condo Board Discuss Fee Increase with New Residents?

Realtor News - Wed, 11/10/2021 - 03:11
The seller should disclose pending increases, but may be unaware. Ensure this info is being shared with residents, and only share the same info with applicants.

Top Retirement Money Move Can Save $200K Over 10 Years

Realtor News - Tue, 11/09/2021 - 04:11
Study: A 20-city analysis found that downsizing to a smaller home can save retirees almost $200K over 10 years, assuming adult children have left the nest.

Federal Reserve Economic Overview: Things Look Pretty Good

Realtor News - Tue, 11/09/2021 - 04:11
The Fed considers economic risks in its stability report – what could upend a solid, growing economy? Overall, it finds less to worry about than it did a year ago. However, it’s keeping an eye on COVID-19 breakouts, and it sees some risk in rising home and stock prices.

Lowe’s App Will Measure, Plan Improvement Projects

Realtor News - Tue, 11/09/2021 - 04:11
Soon, mobile devices with LiDAR Scanners (newer Apple products) can measure interior space, explore potential updates and schedule work. Flooring will be offered first.

Owners in a Gated Community Can’t Access Gate Records

Realtor News - Tue, 11/09/2021 - 04:11
On July 1, 2021, a new category of HOA records was added to the “not available to members” list – the names of visiting guests recorded by gated communities.

The Top Marketing Tool in Your Arsenal? A Website

Realtor News - Tue, 11/09/2021 - 04:11
If marketing entices customers to make contact, an agent’s website should seal the deal. Most people will visit a website for more info before picking up the phone.

Zillow Inventory: 9.8K Homes Owned, 8.2K Under Contract

Realtor News - Tue, 11/09/2021 - 04:11
The 18K homes Zillow owns or will own under its cancelled iBuyer program will be sold, though the WSJ says many may be sold directly to single-family rental firms.

Demise of ‘Zillow Offers’ May Not Reflect the iBuyer Model

Realtor News - Mon, 11/08/2021 - 05:11
Is there a bigger lesson for iBuyers? Many analysts think it says more about Zillow and its iBuying operation than it does about iBuyer models overall.

The Housing Market for First-Time Buyers? It’s Brutal

Realtor News - Mon, 11/08/2021 - 04:11
Survey: For first-timers, it’s not just finding a house and putting in a winning bid, though that provides enough stress to deter some buyers from the market. 80% of first-timers lost at least two days off work, 39% faced down payment problems and 37% were outbid at least once.

NAR Likes Bipartisan Infrastructure Bill but Has a Concern

Realtor News - Mon, 11/08/2021 - 04:11
The bill includes some long-term NAR goals, including expanding broadband access. But it’s concerned with ongoing GSE fees charged by Fannie Mae and Freddie Mac.

How Does FinCEN Affect Buyers in South Fla.?

Realtor News - Mon, 11/08/2021 - 04:11
By using shell companies, crime money may buy real estate, or be “laundered” into a legitimate investment. But FinCEN forces S. Fla. buyers to identify themselves.

New Fla. Law on Residential Businesses May Be Tweaked

Realtor News - Mon, 11/08/2021 - 04:11
A pro-business law that allows residential owners to operate businesses out of their home may get clarification after an early applicant proposed an ammo-supply shop.

ADUs Can Add 35% to Home’s Value

Realtor News - Mon, 11/08/2021 - 04:11
An accessory dwelling unit (ADU) can cost an average $180K, but extra space to rent out or use for family is in high demand in the shadow of rising rental prices.

A Pandemic Side Effect: More Americans Like Their Commute

Realtor News - Fri, 11/05/2021 - 04:11
Survey: “Commute time to work” may be less important to suburban buyers. After a year working from home, slightly over half say they now see some benefits.

Most Lenders Will Now Consider On-Time Rent Payments

Realtor News - Fri, 11/05/2021 - 04:11
More mortgage applicants will find it easier to get approved now that Freddie Mac joined Fannie Mae in making on-time rent payments a lending consideration. But each system is a bit different. Freddie says it will provide incentives to multifamily owners that automatically report on-time payments.
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