Fla. Gets 22% of Foreign Investors; Miami, Orlando Lead
Foreign investors traditionally eye Miami but rising real estate costs have pushed them toward other metros, such as Orlando, Tampa and Jacksonville.
Zillow Offers Sold About Half Its Inventory So Far
A month after shutting down Zillow Offers, the company’s home-flipping, iBuyer business, Zillow will buy back stock, which fell about 60% so far this year.
Citizens Shops Plan to Reduce Policies
The Fla.-owned insurer wants fewer policies, and it’s proposed a law that would force homeowners to accept private coverage even if costs up to 20% more.
U.S. Wants More Oversight of All-Cash RE Deals
Shell companies can’t buy RE in 12 metros without identifying actual owners – a way to curtail money laundering – and the U.S. hopes to expand the program.
Risks for Home Insurers Rise in Fla.
Insurance experts: Fla. homeowners can expect to pay even more in premiums over the next decade if insurers’ losses cannot be significantly reduced.
Knowledge Is Power: 2022 Mid-Winter Meetings
Insight helps in a changing market. Florida Realtors’ 2022 Mid-Winter Business Meetings provide the edge you need to succeed.
Home Prices Keep Rising but Slowing
After increasing for 14 straight months, home price growth finally slowed in September. Experts say it’s a step in the right direction for buyers in 2022.
Omicron May Threaten New Disruption in Real Estate
Analysts: Fears over the omicron variant could drive mortgage rates lower and perhaps stall demand for what has been a rebounding office sector.
Fla.: 9th-Least Amount of New Housing to Job Growth
The report says population density is part of the problem in increasing housing supply, as most consumers prefer living in single-family homes.
Trend No More? Escalation Clauses Losing Appeal
More real estate pros are advising clients not to use the clauses, which may give away too much info in a bidding war and hurt any negotiations.