Pace of Interest Rate Increases Changes Deals Quickly
Florida Realtors economist: Today’s homebuyers stress over inflation and rising mortgage rates, which are pushing buyers to lower expectations and find something quickly.
Surfside Land Sale Now Official. What’s Next?
A billionaire Middle Eastern developer pledged $120M for the roughly two-acre site. It will likely be home to a new luxury condo tower, though the start date isn’t clear.
Calif. vs. Fla. in Fight for ‘Digital Nomads’
If permanent work-from-home employees can move wherever they want, where do they go? According to Airbnb, Fla. is one of the top two destinations.
Some Homebuyers Get a Second Chance
As more contracts fail to close, some frustrated buyers who didn’t win the bid are receiving a call a week or more later: Do they still want the home?
Tried-and True Marketing Campaign? Change It
Some newer agents haven’t seen a real estate market in transition, and they may need to rethink phrases they’ve used for a few years, such as “This one won’t last!”
Fla.’s Consumers Slightly More Optimistic in July
UF: Consumer-sentiment scores remain low, but July’s numbers were about a half point higher. Households making $50K or less held the most pessimistic views.
June Home Prices Cooled at Record Pace
Home price increases dropped 2 percentage points – but even at that rate, it would still take six months to return to any historically “normal” monthly increases.
Could Housing Solutions Help Close the Racial Gap?
U.S. housing discrimination has a long history, from redlining to VA loan policies. But if legal problems are solved, would an adequate housing supply do the rest?
HUD: $2.8 Billion in Grants for Homeless Services
Sept. 30 application deadline: HUD says the money prioritizes homeless youth and survivors of domestic violence, dating violence, sexual assault and stalking.
FTC Fines iBuyer Opendoor $62M for ‘Tricking’ Sellers
The FTC alleges the iBuyer used “misleading and deceptive information,” and its sellers “made thousands of dollars less” than they could have via a traditional listing.