A Secret Bias Hidden in Mortgage-Approval Algorithms
An investigation found lenders still strongly favor white borrowers, but it raised a new question: What if a lender isn’t biased but its data, notably credit scores, is?
Eviction Ban Ends – Realtor Groups Win in Supreme Court
In late June, the U.S. Supreme Court ruled that the CDC overstepped its authority in issuing an eviction moratorium, and it reiterated that opinion yesterday, ending the current ban. Justices didn’t disagree with the ban’s intent but said Congress “failed to act in the several weeks leading up to the moratorium’s expiration.”
Florida Realtors Honors Barry Grooms: 2021 Realtor of the Year
Barry Grooms, 2020 president, is the 2021 Realtor of the Year. All award winners were recognized Thurs. at the annual convention’s in-person Awards Luncheon.
A Marginal Rise for 30-Year Mortgage Rates: Up to 2.87%
Mortgage rates have changed little in the past few weeks – not enough to signal any kind of alarming trend. Last week, the 30-year FRM averages 2.86%
Real Estate’s 2021 ‘Slow Season’ Won’t be Slow
The market has been unpredictable, and the delta variant is only one of RE’s wild cards. Still, most experts don’t expect sales to slow much as summer turns into fall.
Are Scripts Dead? Consumers Prefer Good Listeners
During listing conversations, providing good answers may be more important than leading the conversation. Be present, engaged and eager to understand what seller’s want.
Boca Raton First City to Boost Condo Rules Over Inspections
Two months after the Champlain Towers tragedy, a Boca Raton created new rules, with first inspections now due after 30 years. About 242 buildings are impacted.
Under New Programs, ‘Cash Offers’ Aren’t Cash Offers
Some private companies and even iBuyers have programs that allow buyers who need a mortgage to present offers that appear to be all-cash, a category that many analysts largely assume belongs to investors, second-home buyers and some retirees.
U.S. Demographics Favor Fla.: Old, Southern and Retired
Central Fla.’s The Villages is the nation’s fastest growing metro, and a possible look at the nation’s future if more relocating Southern retirees wield their influence.
Parents Buying College-Town Homes for Their Kids
Their children have a place to live that beats a dorm, but most parents see it as an investment – and a way to lower the total cost of a higher education.