Florida Realtors Dec. data: More closed sales (single-family sales up 21%, condo-townhouse sales up 27.7%), more new pending sales, higher median prices and more new listings year-over-year. Chief Economist O’Connor: Higher pending sales “strongly signal” higher closed sales in 2021.
Immigrants under the Deferred Action for Childhood Arrivals (DACA) program who are legally allowed to work in the U.S. may also now qualify for an FHA loan.
Fla. Supreme Court: State-run Citizens Property Ins. doesn’t have to compensate a Brevard County apartment owner for rental income lost after hurricane-caused damage.
The highest offer tends to win a bidding war, but frustrated buyers hoping to increase their odds have made Harry Potter videos and offered sellers Academy Award tickets.
According to top agents, 2021 stories will relate in some way to the pandemic, with the tight inventory of homes topping their list. Also: How will vaccinated sellers react? Will a lot decide to list their home this year after months of waiting? And how many homes will go into foreclosure?
Everyone benefits if brokers or team leaders encourage others to lead, and in-house events as simple as a book club can facilitate conversations and encourage growth.
After last week’s notable increase in mortgage rates, the 30-year, fixed-rate mortgage dipped a bit as it continues to hover near all-time record lows.
The credit-score company created guidelines for people planning to finance a home, car or other loan. Homebuyers should start up to 24 months before shopping.
The state real estate board continues to have Realtor representation, including Patti Ketcham (Tallahassee), Renee Butler (Winter Haven) and Patti Fitzgerald (Jupiter).
The surge follows a 9.8% increase in Nov. Total housing starts for 2020 increased 7% compared to 2019, though builders voice concerns about “supply-side challenges.”