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Category Archives: Florida Realtors

FHFA: 2022 Loan Limits 18.05% Higher – to $647K

Florida RealtorsBy December 1, 2021

The cap on conventional and FHA loans will rise notably higher next year, with caps in a handful of high-cost markets coming close to $1 million.

Report: Fla. a Top State for Tiny Homes

Florida RealtorsBy November 30, 2021

Want sun, sand and surf, and don’t mind a stove that’s two feet from your bed? Many people do, and Fla. ranked fourth for tiny homes, which cost about $50K.

Fla.’s Insurer-of-Last-Resort Sees Lawsuits Spike

Florida RealtorsBy November 30, 2021

From Jan. through Sept., Citizens Ins. received an average 878 new lawsuits each month – a 45% increase compared to the same timeframe in 2020.

U.S. Consumers Less Happy but More Optimistic

Florida RealtorsBy November 30, 2021

The Nov. Consumer Confidence Index fell from 111.6 to 109.5. “Expectations about short-term growth prospects ticked up, but job and income prospects ticked down.”

FHFA: Fla. Metro Price Increases Top National Average

Florida RealtorsBy November 30, 2021

U.S. home prices rose 18.5% year-to-year in 3Q, but the increases in eight Fla. metros ranged from 20.5% in Central Florida to 34.7% in Cape Coral-Fort Myers.

Assignment-of-Benefits Loophole Puts Owners at Risk

Florida RealtorsBy November 30, 2021

Fla. tightened AOB rules, yet a “Direction to Pay” still allows contractors to direct bill insurers, with homeowners now on the hook if insurance money falls short.

Floridians’ Consumer Confidence Dips Again in Nov.

Florida RealtorsBy November 30, 2021

The one-point decline to 70.8 isn’t big – but it’s the fourth month in a row for a decrease as rising prices and supply-chain frustrations take a toll.

Dear Joey: MLS Policies Change? How Does It Affect Me?

Florida RealtorsBy November 29, 2021

NAR updated MLS rules at its recent convention, and Realtors may discover changes within their MLS on or before the Jan. 1 effective date. One change applies to marketing, however: A buyer’s agent can’t advertise their services as “free.”

Americans Moving Less and Less Often: Why?

Florida RealtorsBy November 29, 2021

In the 1950s, 20% of Americans moved every year. Now it’s about 8.4% because a sedentary aging population and the Great Recession bumped it even lower.

NAR: Oct. Pending Home Sales Jump 7.5%

Florida RealtorsBy November 29, 2021

On-the-fence buyers fearful of rising mortgage rates and rental costs pushed pending sales up 7.5%; 2021 could now break a 15-year record for housing sales.

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