Giving Tuesday: A Time of ‘Global Generosity’
It’s #GivingTuesday – a time to help those who are less fortunate. Realtors support a huge range of charitable endeavors, including three backed by Florida Realtors.
Congress Must Reauthorize Government Spending by Dec. 11
The unusual atmosphere in Washington might delay a funding extension, which could slow some closings. Most observers don’t expect that – but it’s not a sure thing.
NAR: Oct. Pending Home Sales Down 1.1%
Year-to-year pending sales surged 20.2%, but only one region – the South, which includes Fla. – had a month-to-month increase (0.1%). NAR Economist Yun thinks rising prices hurt affordability and deterred some buyers, but the lack of inventory is an ongoing problem.
It’s Over: Florida Fairly Lucky as 2020 Hurricane Season Ends
The most active season on record ended at midnight. Strong storm activity, notably in the latter half, still sent storms largely away from Sunshine State shores.
Real Estate Valuations: A Challenge in the Current Market
Sudden market changes make it hard for commercial appraisers to find comparable sales, which adds an element of risk for investors – and for appraisers.
iBuyers Less Competitive – Their Biz Model Holds Them Back
Successful iBuyers need a stable market, reliable automated appraisals and some sellers afraid their home won’t sell quickly – and the current market doesn’t offer those.