UF: Floridians’ Confidence Drops a Bit in Feb.
The biggest drop came in confidence for making big-ticket purchases, which authors call “not surprising” given inflation’s impact on the state’s residents.
Will Sales Rise or Fall this Year? Experts Divided
Even experts don’t know what will happen. About half think rising costs and rates will deter buyers, but the other half think more listings will boost demand.
A Buyer Floated the Idea of a 3D Home?
3D homes can be stronger than traditional homes yet take far less time to complete. They’re already offered in Fla., but the industry is still in its infancy.
Russia-Ukraine War May Affect Housing, Economy
Stocks and cryptocurrencies lost value, which can impact luxury sales – but a general drop in economic confidence can affect every level of the real estate market.
The Toughest-to-Learn Success Skill?
Technology and smart marketing decisions may attract customer interest, but agents who quickly build rapport with potential clients can land the most deals.
Fla. Property Insurer Placed in Receivership
The Fla. Dept. of Financial Services is the receiver for St. Johns Insurance Co, which was declared insolvent. DFS hopes to move policies to Slide Insurance Co.
Some Condo Boards Refuse New Mortgage Questions
Fannie/Freddie’s new request for safety info created layers of confusion. Some boards won’t comply fearing lawsuits and banks won’t lend fearing rejection.
Aging Housing Stock Fuels Home-Improvement Boom
Lowe’s says same-store sales rose 5% in 4Q 2021, in part because the housing stock is aging and more frustrated buyers are opting for 30-plus year-old homes.
29 Mortgage Servicers Committed to Homeownership
Which mortgage servicers are consumer friendly? Fannie Mae provides feedback to companies and says 29 have shown a commitment to improving homeownership.
Fla. House Passes ‘Hometown Hero’ Amendment
The drive to offer an additional property tax break to people like teachers and the military now goes to the Senate. If approved, it will then be considered by Fla. voters.