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Category Archives: Florida Realtors

Bidding Wars Reach Their Lowest Level This Year

Florida RealtorsBy September 16, 2021

Redfin analysis: In Aug., about 59% of offers on homes written by Redfin agents faced competition, a record low for this year and the lowest level since 2020.

Mortgage Rates Dip Lower This Week; 30-year Loan at 2.86%

Florida RealtorsBy September 16, 2021

Freddie Mac: It’s down from 2.88% last week and close to the 2.87% the 30-year FRM was at this time last year. The 15-year FRM now stands at 2.11%.

Buying B&Bs to Convert into Single-Family Homes

Florida RealtorsBy September 16, 2021

COVID-19’s impact on bed-and breakfasts has prompted some to close, with revenues in 2020 down 43.7% from 2019. But some are being purchased to use as personal homes.

Student Loan Debt Keeping Most Millennials from Homeownership

Florida RealtorsBy September 15, 2021

NAR report: 60% of millennials who aren’t homeowners say student loan debt is delaying their ability to buy a home; 51% of all student loan holders say the same. And 36% of student loan debt holders say student loan debt delayed their decision to move out of a family member’s home.

Here Are the Most Popular U.S. Cities for Second Homes

Florida RealtorsBy September 15, 2021

Survey: Second homes account for 5.4M U.S. housing units. Miami ranks in the top 5 most popular big cities for second homes; Miami Beach is No. 1 for small cities.

U.S. Annual Home Prices Gain a Record 18% in July

Florida RealtorsBy September 15, 2021

CoreLogic: That’s the biggest 12-month gain since the series began 45 years ago. On a month-over-month basis, home prices increased by 1.8% in July from June.

Best Time to Buy a House Might Be Now in These Metros

Florida RealtorsBy September 15, 2021

Between now and Oct. 17, most markets across the country will have more homes for sale, lower prices and less buyer competition, according to Realtor.com data.

Homes in ‘Zoom Cities’ Sell in Less Than a Week

Florida RealtorsBy September 14, 2021

Such cities tend to be medium-sized metros, often near college towns. Riverview, Fla. was in the top 10 most competitive cities for homebuyers in July, says Redfin.

The Race Is on for Built-for-Rent Land

Florida RealtorsBy September 14, 2021

The percentage of built-for-rent land sales is predicted to double or triple in the next few years; in Fla., demand is rising in St. Cloud, Pensacola and Port Charlotte.

How Hurricane Ida Will Affect Your Insurance Rates

Florida RealtorsBy September 14, 2021

Experts say Ida will drive up rates for reinsurance, which is what insurance firms must buy to guarantee they can pay all claims after a disaster. That’s the pipeline that Hurricane Ida’s higher costs will travel to be passed on to Fla. insurance policyholders.

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