Florida Realtors a 2022 Top 100 Best Companies
Florida Trend magazine named the state Realtor association one of the “best companies to work for in Fla.” With a staff of 140, Florida Realtors won as a medium-size firm.
Fed Unleashes Second 3/4-point Rate Hike
The Fed’s inflation battle now includes two 3/4-point interest rate hikes in a row. Since it was expected, most mortgage rate increases have already occurred.
NAR: June Pending Home Sales Fell 8.6%
Year-to-year, pending sales were down 20%. NAR says that over three years (June 2019 to June 2022) home prices rose 80%, and it now predicts a 13% decline in 2022.
$12.1M Goes to Fla.’s Hometown Hero Homebuyers
About 12% of the $100M allocated by Fla. lawmakers for the Hometown Heroes homebuying program has been dispersed so far, according to Gov. Ron DeSantis.
NAR Benefit Helps Convert Renters to Buyers
A new member benefit introduced by NAR, Rental Beast, offers rental-listing management tools, such as ones that promote a renter-to-buyer conversion.
Forecast: Fla. Will Keep Growing – But a Bit Slower
Economists who estimate demographics and predict growth lowered their Fla. expectations. By April 2027, they now peg Fla. at 1.29% – a drop from their earlier 1.41%.
Insurers’ Downgrades Delayed, Problems Averted
Insurer-rating firm Demotech says it changed direction and won’t lower property insurers’ ratings “until further notice,” easing concerns for homeowners and buyers.
New Home Sales Sink 8.1% in June
Builders say it’s the lowest level since the start of the pandemic (April 2020), with buyers priced out due to high interest rates and ongoing building and development costs.
July Consumer Confidence Down for Third Month
Consumers’ attitudes about their current situation – largely inflation – dragged down July’s numbers more than worries about the future.
NE Fla. Home Prices Dip After Months of Increases
June prices increased less than past months, and in two NE Fla. counties – St. Johns and Nassau – the median home price decreased slightly in June.