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Category Archives: Florida Realtors

Jumbo Home Loans Near Pre-2008 Crisis Levels

Florida RealtorsBy October 13, 2021

Fewer buyers qualify for conventional mortgages due to higher prices and lower downpayments. As a result, the number of jumbo loans is at pre-Great-Recession levels.

Can’t Afford a Home? Co-buying Skyrockets

Florida RealtorsBy October 13, 2021

More roommates are committing to long-term relationships and co-buying a home. ATTOM says the number of co-buyers with different last names surged 771% in six years.

Buyer, 84, Fatally Shoots Agent Over Home Dispute

Florida RealtorsBy October 13, 2021

A Va. homebuyer bought a home sight unseen and wanted to “return the house.” He killed his real estate agent who went over to talk about it and, later, himself.

Lawmakers Consider Changes to Fla. Law After Surfside Tragedy

Florida RealtorsBy October 13, 2021

How can the state mitigate condo disasters following the tragedy in Surfside? A Fla. Bar task force pulled together experts and submitted its recommendations on Tues. In Sept., Realtors outlined the problems condo buyers face getting important docs, suggesting better records and tighter oversight.

Commercial Investors Worry About Possible 1031 Exchange Rules

Florida RealtorsBy October 13, 2021

The Biden Admin. wants a $500K limit for like-kind exchanges, which allow investors to defer taxes. If enacted, the change could have a big impact on commercial RE sales.

Fortify Finances Against Natural Disaster

Florida RealtorsBy October 13, 2021

It’s not enough to pack survival tools and photos when evacuating before a disaster. Pack cash too – or at least have credit that can help you cover the first few days.

Small Businesses Less Optimistic as Inflation, Labor Take Toll

Florida RealtorsBy October 12, 2021

Business is good, according to NFIB’s monthly study – but it would be better for small companies if they could get more workers and not worry about inflation.

Institutional Single-Family Rentals Have Come of Age

Florida RealtorsBy October 12, 2021

Before the Great Recession, mom-and-pop investors owned most single-family home rentals. But today, large institutional investors have turned it into a big business.

Soaring Home Prices Roiling Appraisals, Upending Sales

Florida RealtorsBy October 12, 2021

In Aug., 13% of appraisals came in below a home’s contract price. It was higher in May (19.7%), but is still up compared to sales early last year (7.3% in Jan. 2020).

S. Fla. Condo Sales Unfazed by Surfside Condo Collapse

Florida RealtorsBy October 12, 2021

After the 12-story Surfside condo complex collapsed, experts wondered if condo demand would decline – but 3Q Miami-Dade condo sales were the highest in years, with luxury units selling at a record pace. Any stigma seems isolated to older inventory and buildings close to the Surfside tragedy.

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