House-hunting Blues
Many buyers in Fla. and across the U.S. are feeling the impact of a lack of inventory, competition from investors and rising prices during their home search.
Experts: Lock in Mortgage Rate Now
Rates likely will continue to rise. An Oct. Bankrate survey says that among homeowners who’ve had a mortgage since before the pandemic, 74% have not refinanced.
Real Estate Trends to Watch This Spring
Realtor.com: Home sellers may continue to hold the upper hand, but buyers may be more sensitive to price increases; and more inventory could enter the market.
Why Social Media Is Crucial to Real Estate Agents
NAR: Social media is a top source of quality leads, say 47% of real estate firms; and 66% of first-time home buyers are millennials, who widely use social media.
Associations Can’t Stop Owners From Taping Meetings
Condo Q&A: While statutes say unit owners have the right to record or videotape meetings with a quorum, the association can adopt reasonable rules about it.
Insufficient Flood Insurance Impacts $4.5B in FHA Loans
HUD: A 2020 audit found at least 31,500 of the loans that year in designated special flood hazard areas didn’t maintain the required flood insurance coverage.