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Category Archives: Florida Realtors

HUD Offers $19M to Fight Housing Discrimination

Florida RealtorsBy July 23, 2021

Private fair housing groups may request money and use it to blind test housing groups, respond to complaints or propose new projects related to COVID-19 challenges.

Ransomware Attack May Jeopardize Some Closings

Florida RealtorsBy July 23, 2021

Cloudstar, a cloud service used by many title companies, shut down after a ransomware attack last week. As a result, some brokers now can’t register transactions or closings. “We are still very much in the containment and remediation phase,” the company says.

NAR: June Existing-Home Sales Rose 1.4%

Florida RealtorsBy July 22, 2021

Year-to-year home prices rose 23.4%, the second-highest on record. However, a 3.3% inventory uptick may start to slow price increases and give homebuyers more hope.

Mortgage Rates Fall for Fourth Week, Hitting 2.78%

Florida RealtorsBy July 22, 2021

Pandemic numbers are rising again. That’s shaken investors and pushed 30-year mortgage rates lower again this week, though adjustable rates moved a little higher.

Fla. Home to 7 Out of 10 Top All-Cash Sales Metros

Florida RealtorsBy July 22, 2021

Nationally, cash buyers made up about 1/3 of all 2021 home sales so far, but that percentage rises to 52.6% in West Palm Beach – the top metro for cash sales in the U.S.

‘Short Commute Time’ No Longer Helps Home Values

Florida RealtorsBy July 22, 2021

The pandemic changed things: Home values for properties with long commute times are rising faster than units in or near metro areas.

Fla.’s Housing Market: Sales, Median Price, More Rise in June

Florida RealtorsBy July 22, 2021

Florida Realtors’ data: More closed sales, more new listings and higher median prices (up 24.5% for single-family homes, 22.4% for condos) than a year ago. Chief Economist O’Connor: The ratio of buyers to sellers may be easing; as a result, home price growth could begin to cool down in the future.

NEW: Escalation Addendum to Contract Released

Florida RealtorsBy July 21, 2021

On July 22, 2021, Florida Realtors released a new addendum for use with Florida Realtors contracts, the Escalation Addendum to Contract, available through Form Simplicity and other licensed vendors. FAQs and how-to-complete info is available on the association’s website.

Commercial Buildings: How Vulnerable to Cyberattacks?

Florida RealtorsBy July 21, 2021

Not only “smart buildings” face danger since most systems – HVAC, security access, etc. – now connect to the internet. In one case, a parking system sent a bomb threat.

Canada to Reopen Its Borders on Aug. 9

Florida RealtorsBy July 21, 2021

In a likely boost for Fla. tourism and real estate, the Canadian government will ease border rules in Aug. Fla. Policy and Budget official expects “a big jump in people.”

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