Weekly Mortgage Rates Stable, Up Only .01 Percentage Points
A slow by steady increase in average mortgage rates appears to have slowed this week, with the average 30-year, fixed-rate loan at 3.18% compared to last week’s 3.17%.
Housing Demand Likely to Stay High for Years to Come
While higher housing costs and mortgage rates will chip away at buyer demand, the sheer volume of current buyers makes the next buyers’ market appear far away.
Who Are You? LinkedIn Video Tool Adds Bios to Profiles
Business is often personal, and LinkedIn’s tool may help boost the chances for referrals when profile visitors can hear your elevator speech and watch you smile.
The Untethered Worker Is the New Sunbird
Florida Realtors economist: Turning seasons into verbs – “We wintered in Florida” – was once a trait of wealthy retirees. But a newly untethered workforce working at home because of the pandemic is now also considering weather-based migration, albeit a little differently.
NAR Launches New Resources for Fair Housing Month
Congress passed the Fair Housing Act 53 years ago this month, making it the traditional time for Realtors to focus on fair housing issues and promote housing equality.
Fla. Consumer Confidence Bounces Back, Up 3.7 Points
All five components rose too. UF economist: “Consistent with the vaccination rollout …, the gain in confidence came from consumers’ future expectations.”
Dear Anne: A Tale of Lost Listings, Commissions and Fairness
Realtor A had a listing, a buyer, and a bona fide offer two weeks after the listing expired. The seller had re-listed by then, but A contacted the seller directly, went to closing and earned the full commission. How can the new did-nothing listing agent file a Code of Ethics complaint?
A Path for Associates to Form a PA, LLC or PLLC
Sales associates and broker associates can practice real estate (and be paid) as individuals, or, if they follow the correct path, as a business entity. Here’s the route they must follow if they want to form a business entity.
Important Step if Using an Addenda or Rider? Attach It
Big mistakes are often the easiest to make, and Florida Realtors Legal Hotline has had a number of calls recently asking what happens if a contract box is checked saying a rider is attached but there is, in fact, no rider attached.
Q&A: No Condo Loan Due to a ‘Rec Lease’? Should I Worry?
A “rec lease” occurs when recreational facility ownership is separate and not under a condo association’s control. Over the years, many boards took over these facilities – but not all.