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Category Archives: Florida Realtors

Courts Say Business Interruption Insurance Covers COVID-19

Florida RealtorsBy December 11, 2020

Two courts so far, one in Fla., have ruled that an owner with business interruption insurance deserves compensation, even if one policy doesn’t cover “viruses.”

Climate Change’s Impact on RE: It’s Not Just Home Values

Florida RealtorsBy December 11, 2020

In Miami, rising seas are redefining neighborhoods. Gentrification in higher-elevation, low-income neighborhoods is pushing affordable housing into lower-lying areas.

Fla. to Receive $2.5M for Veteran Housing Assistance

Florida RealtorsBy December 11, 2020

In Fla., 16 housing authorities statewide will receive money to help veterans keep a roof over their heads. It’s part of a $46M package of aid awarded by HUD.

Golf Club Communities Back on Buyers’ Radars

Florida RealtorsBy December 11, 2020

Developers’ push for golf course communities peaked around 1990 before demand started to collapse. But the COVID-friendly outdoor activity is popular again.

NAR: Financing and Appraisals Cause Transaction Delays

Florida RealtorsBy December 11, 2020

A lot of things can go wrong between contract and closing. NAR’s latest survey identifies financing (30%) first, but appraisals ties “Other” (21%) for third place.

NAR: Summit Economists Expect Good Things in 2021

Florida RealtorsBy December 11, 2020

More than 20 economic housing experts at NAR’s Real Estate Forecast Summit discussed a post-pandemic 2021 and, as a group, predicted the economy (GDP) will grow 3.5% (6.2% in 2022), home prices will climb 8% (5.5% in 2022) and mortgage rates will average 3% (3.25% in 2022).

Mortgage Rate Unchanged From Last Week’s Record Low

Florida RealtorsBy December 10, 2020

Last week, the average 30-year, fixed-rate mortgage hit its 14th record low this year, and it held onto that 2.71% rate. The 15-year loan was also unchanged at 2.26%.

Report: Gov’t Intervention Avoided a Housing Market Meltdown

Florida RealtorsBy December 10, 2020

If not for forbearance programs, the market could have seen as many foreclosures as it did during the Great Recession, according to Nationwide Housing’s latest report.

3 Top RE Economists Predict Slower 2021 Price Increases

Florida RealtorsBy December 10, 2020

Economists at a real estate editors forum Wed. agreed that prices would keep going up, but predictions varied from 3% (NAR) and 4.1% (CoreLogic) to 5.7% (realtor.com).

Mortgage Unchanged From Last Week’s Record Low

Florida RealtorsBy December 10, 2020

Last week, the average 30-year, fixed-rate mortgage hit its 14th record low this year, and it held onto that 2.71% rate. The 15-year loan was also unchanged at 2.26%.

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