What Do Real Estate Brokers Expect this Spring?
A panel of brokers from across the country shared views on market changes and their expectations. For one, this spring season won’t be a usual one.
Older Condo Residents Impacted by Stricter Rules
After the condo collapse in Surfside, officials increased oversight of older condos with safety issues. In Miami-Dade that included evictions pending improvements.
In 2020, Homes Made More Money than Jobs
The median worker earned about $50K, and the average home made about $52.6K last year, according to Zillow’s home value index.
Will Mistake Require A New Election?
Also: A condo made up mainly of older adults wants to make it official and become a 55-plus community. Is that allowed? And how do you do it?
Last Suspect Arrested in Miami-Dade RE Fraud Scheme
The last of three suspects in a S. Fla. rental scheme is in jail. The trio allegedly acted as a Realtor and homeowners to defraud hopeful tenants.
Fla. CFO Arrests 2 for Roofing Insurance Fraud
CFO Jimmy Patronis says the Naples contractors offered homeowners a “free roof” and said they could avoid paying deductibles if they signed “ad agreements.”
Fla. Home Median Prices Rise, Supply Tight in Feb.
Florida Realtors: Fla.’s single-family median price up 21.1% to about $381.5K. Condo median price up 24.3% to $290K. Sales down due to tight supply, rising rates.
NAR: Feb. Existing-Home Sales Drop 7.2%
Year-to-year, sales declined 2.4%. NAR’s chief economist calls it a “double whammy” for buyers who face rising mortgage rates and sustained price increases.
Tale of Two Buyers: First-Time Vs. Repeat
Florida Realtors economist: The new “Profile of Home Buyers and Sellers: Florida Report” finds that all buyers face challenges – but the bar is extremely high for the state’s first-timers.
75% of Online Searches Aren’t in English
Missed opportunities? Miami Realtors and most Realogy brands hired a vendor to help make their websites accessible in Spanish and up to 20 other languages.