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Category Archives: Florida Realtors

CFPB Preparing for Hectic Transition as Housing Protections End

Florida RealtorsBy May 14, 2021

The housing industry had an artificial pause button pushed during the pandemic, thanks to eviction moratoriums, forbearance programs, etc. As those draw to a close, CFPB proposed rules to maintain stability, and NAR commented with a suggestion that short sales might be the way to go.

It’s Time: Prepare for the ‘21 Hurricane Season

Florida RealtorsBy May 14, 2021

The season starts in two weeks: June 1. What will happen to pets if you evacuate? What about work? What about school? If separated from family, how will you meet up?

Rebranding: Quicken Loans to Soon Become Rocket Mortgage

Florida RealtorsBy May 14, 2021

After July 31, Quicken will retire its name and start using Rocket Mortgage, a subsidiary it formed in 2015 in order to completely automate the lending process.

NAR Economic Forecast: Consumers Will Propel 2021 Growth

Florida RealtorsBy May 14, 2021

After the quickest recovery in the nation’s history, consumers with pandemic savings will “do more shopping, restaurant dining, traveling and in-person house hunting.”

Fla. No. 1 for Median List Price, Most Expensive Home Price Gap

Florida RealtorsBy May 14, 2021

Realtor.com study: The median asking price for a Fla. home in April was $367,450; the asking price for the most expensive listing was $95M – a 25,754% difference.

Mortgage Rates Down a Bit – But Can It Continue?

Florida RealtorsBy May 13, 2021

The average 30-year, fixed-rate mortgage dropped to 2.94% from last week’s 2.96%, but with inflation apparently rising, they’ll likely change direction soon.

Foreclosures Less Likely with Few Homes Underwater

Florida RealtorsBy May 13, 2021

Underwater homeowners – they owe more on their mortgage than their home’s value – are more likely to end up in foreclosure. But today, 1 in 3 owners with a mortgage (32%) have at least 50% equity, and only 1 in 21 (4.7%) owes 25% or more than their home’s current market value.

How Tight Is Inventory? 1 in 4 Listings is New Construction

Florida RealtorsBy May 13, 2021

Except for sky-high material prices, it’s a good time to be in the home construction industry. Of homes available to buyers today, one in four (25.7%) is brand new.

Condo Q&A: How Can We Raise Capital for Future Projects?

Florida RealtorsBy May 13, 2021

Also: Should a condo board send warning letters before issuing fines? A board does so, but some members now wonder whether that’s a good idea.

More Relocators than Locals Ask About S. Fla. Climate Change

Florida RealtorsBy May 13, 2021

Some agents say “elevation, elevation, elevation” is replacing “location, location, location” in S. Fla. But it still doesn’t top most buyers’ lists as a must-have.

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