News & Events

Pres. Biden declared a major disaster in 13 Fla. counties so far. Floridians can apply for help from FEMA, which might also help offset insurance deductibles.

On Thursday, Fitch Ratings estimated that the total insured losses from Hurricane Ian’s trek across Fla. will be somewhere between $25B and $40B.

Here’s a list of most Fla. insurance companies – their websites, phone numbers and any other pertinent post-disaster information.

An emergency order bans Fla. property insurers from dropping customers for the next two months as the state cleans up after Hurricane Ian’s visit.

Some Fla. counties have been identifying corporate ownership in RE sales, but FinCEN will now fight money laundering by creating a U.S. corporation-ownership database.

Calling on-time rent payments a good indicator of reliability, the FHA commissioner says first-time buyers may be able to include them for loan consideration.

The Dept. of Economic Opportunity activated the Business Damage Assessment Survey.  Results will help federal, state and local agencies offer appropriate relief.

The storm has gone – what comes next? Here are the important benchmarks for an insurance claim, which can also be accessed in an easy-to-understand infographic.

A 30-year, fixed-rate mortgage averaged 6.7% this week, another notable increase from last week’s 6.29%.

Many Fla. real estate licensees who faced a Sept. 30 deadline to renew their license now have an additional month under an emergency order signed by DBPR.

Chief Economist Yun blames rising mortgage rates, saying the market will stabilize if “mortgage rates moderate and the economy continues adding jobs.”

The Fed says its rate hikes will “reset” the housing industry, but the disruption may come largely from buyer-seller confusion. If confused, people tend to do nothing.

A Fed study found that every 1 percentage point increase in remote work resulted in about a 0.9 percentage point increase in housing prices.

The U.S. consumer safety commission issued a warning: Floridians who lose power and rely on generators can die in minutes if a generator isn’t properly ventilated.

Buyers who need property insurance to close are out of luck while a hurricane threatens Fla., but many insurers expect to start writing policies again on Mon.

During negotiations, a listing broker created a dual (variable rate) commission arrangement on the fly and reached an agreement. But they didn’t have time to disclose that change to a potential cooperating broker. Does the Code require disclosure every single time, no matter what?

Florida Realtors Legal Hotline is a great resource and free member benefit, but you may not need us. Many callers ask basic-information type questions, like, “There are so many riders – which one should I use?” Here are answers to your simplest questions.

There’s often more than one way to interpret a rule. When warring sides can’t agree, it’s up to a judge, jury or panel to decide.

What if a buyer and seller sign a contract but the buyer fails to submit the agreed-upon deposit?  Some Realtors think the seller is then free to relist the property – but if they call the Legal Hotline to confirm it, they find the issue isn’t quite that simple.

Property managers and other real estate professionals should follow these steps to stay in compliance with federal and state consumer data regulations.

The Florida Realtors/Florida Bar contract has clauses that deal with casualty and bad-weather events. Here are the top four in the AS IS contract.

NAHB credits a short-term decline in mortgage rates (to 5.3%) as a reason for the uptick, with new-home inventory remaining at an elevated 8.1-months’ supply.

The Conference Board credits “jobs, wages and declining gas prices” for the 4.4-point Sept. rise. Both current outlooks and future expectations increased.

The national Home Price index reported a 15.8% annual gain in July, down from 18.1% in June – the largest price deceleration in the history of the index.

FedNat Insurance Co. cancelled 56.5K policies in May and agreed to transfer 83K in June, but it doesn’t have enough funds to process its existing claims.

Boston Fed official acknowledged “apprehension about the possibility of a significant downturn,” but says “a more modest slowdown, while challenging, is achievable.”

A new law offers significant savings to homeowners who opt for solar roof panels within the next 10 years – but also expensive problems if an old roof needs replaced soon.

Shutters take time to put up and make homes feel like caves – but waiting too long is a mistake. Expert advice: Start once the NHC declares an area hurricane watch.

If a metro saw pandemic-era sales surge, it’s more likely to have skittish buyers canceling contracts in Aug. In Jacksonville, 1 out of 4 buyers walked away.

U.S. bidding wars dropped 2.6 percentage points between July and Aug, with Tampa dropping 11 points and Orlando down 12.4. Still, bidding wars rose 2.8 points in Miami.

Most buyers want a house, not a new project. But some eventually opt for a fixer-upper due to buying frustrations and the realization that sweat equity can be profitable.

In South Fla., median prices fell a bit in Aug., and many licensees see that as a good thing after months of price increases that were “neither normal nor sustainable.”

A successful promotion takes planning. It should start with a two-week launch strategy that boosts content such as reels, videos, stories, etc.

Teachers, police and nurses should be able to buy a home in the communities they serve. Amendment 3’s new property tax break can help make that happen.

Florida Realtors economist: If market changes challenge Realtors, sellers’ heads must be spinning. Use SunStats to help clients understand what’s going on.

Fed Chair Powell hoped for an economic soft landing but said it’s increasingly unlikely. “I wish there were a painless way to (get inflation down),” he said. “There isn’t.”

When home prices were rising, the iBuyer made “easy profits,” but some think its losses now – 42% of all its Aug. sales – mirror Zillow’s failed iBuying venture.

Fla. wants to minimize the number of policies in state-operated Citizens Property Ins., but the number has skyrocketed and plunged over its two-decade existence.

NAR and other real estate groups met at the White House Wed. for a “candid discussion” on construction, zoning reforms, financing expansion and tax incentives.

A tree will soon symbolize your Realtor membership. In partnership with the National Forest Foundation, NAR will plant more than 1.5M trees by 2025.

The average 30-year, fixed-rate mortgage didn’t spend much time hovering around the 6% mark. It rose 0.27 percentage points this week, up from last week’s 6.02%.

In a fight to curb inflation, the Federal Reserve pushed rates higher and will likely do so again. It impacts mortgages indirectly, but rates are still expected to move higher.

At 10.7%, Orlando came closest to the national year-to-year rise of 11%. It was 10.3% in S. Fla. counties – and median rents actually fell 1.8% in Jacksonville.

National sales declined for the seventh straight month, down 0.4% from July and 19.9% year-to-year. The median home price is still rising, however, up 7.7% in Aug.

Airbnb guests don’t hold back on social media, complaining about costs, amenities and more. Now Airbnb owners are starting to complain about their guests.

On July 16, the National Suicide Prevention Lifeline switched from a full phone number to just 3 digits: 988. After the number upgrade, call volume rose 45%.

Florida Realtors: Fla.’s single-family median price up 15% ($407K), condo median up 20.8% ($305K). Chief Economist: Inventory is growing but pace has slowed.

The nation’s consumer bureau (CFPB) found a drop in refinances and increase in buyers, with all minority groups gaining ground in the share of homes purchased.

Some sellers have always opted to rent out their old home rather than sell, but skyrocketing rents have pushed even more into that landlord category.

The homebuilders’ confidence index dropped from 49 to 46 this month, where any number below 50 indicates that pessimism outweighs optimism.

Many homeowners want to upsize or downsize, but an estimated 20% stay in place to avoid replacing their current low mortgage rate with a higher one.

Single-family home starts rose 3.4% last month and are down 4% for the year. But Aug. multifamily starts – apartments and condos – surged 28%.

The NAR Spire program pairs real estate pros in underserved areas with experienced practitioners to help them explore and expand their business opportunities.

While the market is shifting, homes are continuing to receive multiple offers. Agents should prepare clients for it and find out as much as possible about the property.

Even as the housing-price runup slows, middle-class buyers – in the West and elsewhere – are still struggling to find a home they can afford where they want to live.

About $54.5M is available to groups serving unhoused people in rural areas, which saw unsheltered homelessness increase by 8.3% from 2019-2020. Deadline is Oct. 20.

Older homeowners looking to downsize can help eliminate surprises by getting a realistic picture of what their house might sell for and what smaller homes might cost.

Fed survey: Consumers expect the annual inflation rate to be 5.7% a year from now, beating the 6.2% expectation in July – and they’re more optimistic about the future.

Real Estate Q&A: The condo board hired a firm to remove iguanas from common areas. Can they do that without a vote? Yes, under the “business judgement rule.”

Many agree inflation is still on track to ease some this year and much more in 2023. But factors like rent, food prices, wages and interest rates may affect the pace.

NAR: The median donation was about $12K last year; it was $10K in 2020 and $5K in 2018. 2 out of 3 Realtors (66%) volunteered monthly, spending 8 hours on average.

Facing higher home prices and rising interest rates, some buyers are now turning to adjustable-rate mortgages to bring down their costs, at least initially.

Successful teams engage in frequent communications with upper management. Agents should be coached on lead generation, conversion strategies and more.

NAHB: More single-family and multifamily construction is occurring in lower-density markets, in part because of affordability issues and hybrid work patterns.

A good first step: Introduce yourself to local business owners, make connections and obtain their contact information or business card. Follow-up with an email, too.

Early Thurs., it was moving at 13 mph with max sustained winds of about 50 mph. It’s on a path to threaten the Virgin Islands and Puerto Rico this weekend.

Some drivers of higher inflation like rising gas prices, supply chain snarls and higher used-car prices are fading. Yet other measures of inflation are getting worse.

County governments in Fla. should see record jumps in the taxes they’ll collect after the hot–market months of 2021 – those property sales will set 2022 value.

The voluntary program will allow the city 6o use over $3.9M from the Fla. DEO to buy 21 homes in areas that now flood often after Hurricane Michael in 2018.

Freddie Mac: 30-year rate rose to 6.02% from 5.89% last week – it’s more than doubled since a year ago. Rising interest rates continue to sideline homebuyers.

The state-backed insurer of last resort has 1.047M policies, up about 17K policies from the week before. Since Feb., 5 private insurers have been deemed insolvent.

A recent Fannie Mae survey found just 17% of Americans believe it’s a good time to buy a home. But what happens if buyers wait? How can they better prepare?

Fla. Supreme Court will decide if a Sarasota County resident was entitled to a full homestead property-tax exemption after renting 2 bedrooms to tenants.

With more people moving to Fla. because of remote work options alongside retirees, greater demand for housing may result in more competition and higher prices.

NAR: First-time buyers comprised 34% of all home buyers in 2021 and the share is rising. Real estate pros can help them understand the market and manage expectations.

Realtor.com: Despite rising interest rates, fall is the best season to buy for hopeful homebuyers when it comes to home prices, competition and inventory.

Fla. citrus growers are using 32,046 fewer acres than last year, down about 8%. It’s 53% less than growers used 20 years ago, partially due to development pressures.

HouseMethod: Fla. yards average about 11,043 square feet per home, less than half of U.S. average lot size of 25,240 square feet. Meanwhile homes are getting bigger.

These measures are different, but both affect search engine optimization and help determine how a real estate agent’s website will stand out.

A panel OK’d a proposal to spend $1.5M to look at alternatives for insurers to get adequate financial ratings. Options may include creating a public rating agency.

Falling prices for gas and cheaper used cars slowed inflation, though consumer prices still rose 8.3% in Aug. Prices rose 8.5% in July and at a 9.1% peak in June.

Some experts expect a “globally synchronized housing market downturn” over the next 2 years, as factors like interest rate hikes and inflation impact households.

Experts say that high prices could be around for a while because inflation in services like transportation, recreation, food services and more haven’t peaked yet.

Rising land prices around Orlando are pushing development outward to Lake County. As a result, farmland and a rural way of life are diminishing.

RE Q&A: It’s complicated. Find out who owns what by examining your home’s ownership history, its “chain of title,” and also probate your deceased relatives’ estates.

Study: Nearly 1/3 of Americans between 18 and 25 now live at home with parents or relatives – maybe because of the pandemic, maybe due to an ongoing cultural shift.

It’s good for business. Most baby boomers and millennials search for property online and nearly 50% of RE firms say social media produces the highest quality leads.

Black Knight: Home prices fell 0.77% between June and July – the largest monthly decline since Jan. 2011 and the first monthly drop of any size in 32 months.

Contractors have launched an appeal in a legal battle about part of a new Fla. property-insurance law that restricted attorney fees in disputes about claims.

As insurance providers in Fla. leave the market and some companies fold, residents themselves are footing the bill from companies pulling out of the state.

She’s charged with 2 counts of third-degree grand theft, organizing a scheme to defraud and doing real estate without a license. Another suspect remains at large.

Redfin analysis: On average, U.S. homes bought in Aug. sold for less than what sellers were asking –that hasn’t happened since at least March 2021.  

Research shows Pinterest has 433M users per month; using it helps agents establish themselves as experts, build community interest and share content with consumers.

Experts say borrowers stand to save from around $1,500 to $3000 by comparison shopping and gathering multiple quotes from lenders.

Florida Realtors economist: Active inventory is up 68% year-to-year, but largely at higher price points as listings in the $150-$300K range continue to contract.

Foreclosure bans ended a while ago, but starts are just now approaching pre-pandemic 2019 levels. But 2019 foreclosure starts were also historically low.

Many companies want employees back in the office, but with unemployment low, employees are in charge. Many are using carrots – not sticks – to get workers back.

Yelling “Stay safe!” to an agent meeting a first-time client at a listing isn’t enough. Brokerages need to make safety part of their standard operating procedure.

More renters without ownership expectations will give up deposits to use paint colors they like, though a growing industry sells items like temporary wallpaper.

Freddie Mac reports a second-week surge bearing down on 6% after last week’s reported increase to 5.66%. A year ago, the 30-year fixed rate mortgage average was 2.88%.

Homes are more expensive along streets with the words Beverly, Third, Brickell, Bayshore or Island. But Timber or Knoll street homes took longer to sell.

Nationally rents rose 14% in July year-to-year, down from June (15%) and May (16%) – and some Fla. cities have seen a decline, though it’s much smaller.

The association made small changes to the Buyer’s Disclosure Statement, Independent Contractor Agreement, Referral Agreement, Contract to Lease, Contract for Residential Sale and Purchase (CRSP), Vacant Land Contract (VAC) and residential listing agreements. It added an Appraisal Gap Addendum.

Rent can automatically be included in credit scores via a new beta test rolled out by Experian. The company says it improves qualified renters scores by 14 points.

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A Legislative budget commission will consider more than 230 local projects after 971 funding requests, though none vetoed in the latest budget will be considered.

Ratings-company Demotech has the indirect power to shut down insurers if it lowers their grade, and its future is being reconsidered after it dinged 17 companies.

Faced with a low inventory of for-sale homes, investors are building for-rent single-family homes – a new-home niche up 91% year-to-year in the second quarter.

Mortgage bankers say a mortgage payment in the second quarter was 1.5 times higher than asking rent – but rents keep rising and buying locks in financial certainty.

A condo dweller says a faulty valve in the unit above him flooded his home – but the owner above him has no insurance. Must he sue to recoup damage costs?

Technology has taken some pressure off writers bereft of ideas by aggregating recent headlines and suggesting blog topics based on preferred keywords.

In a study heavily weighted for affordability, Fla. “unsurprisingly took the top spot,” while Alaska, despite its affordability, came in last.

In June and July, 12% of mortgage borrowers opted for an ARM – a money-saving tactic that offers a bit more risk. And it’s not just used by lower-income buyers.

NAREIT: In spite of growing concern about a slowing economy, demand for commercial real estate remained healthy across most sectors in the second quarter.

Compare your current business to earlier months. What’s different? Once you figure out a baseline, adjust habits and marketing to accommodate the change.

Of 10 Realtors NAR recognized for charitable work in 2022, two live in Fla.: Debbie Miller from Lakeland and MaliVai Washington from Jacksonville Beach.

HUD’s Secretary said higher FMR limits will expand housing opportunities. Based on location, Fla.’s starts at $623 for an efficiency and goes to $3,433 for 4 bedrooms.

The MLS property description says the property includes the washer-dryer. However, the contract does not. A large percentage of Legal Hotline callers ask this “Does it stay or go?” question.

Under a HUD consent order, a Fla. RV park owner will pay $45K and boost fair housing efforts after asking a transgender tenant to hide the transition in public areas.

Some apps that can make life easier are worth 30 minutes of learning. Also, if possible, simply: Only use easily organized communications, such as texts and emails.

The law bans Citizens from offering “replacement costs” of more than $700K ($1M in Miami-Dade), but regulators may raise that cap in at least some counties.

First-time Black or Hispanic homebuyers in select U.S. neighborhoods, including Miami, can qualify for a no-down payment, no closing-cost mortgage loan.

Found a sunrise photo from your community that is so beautiful it makes “life in paradise” appear almost magical? It’s ideal for marketing? If so, don’t use it. Get up early and take your own sunrise photo. Copyright issues often create expensive headaches.

An agent who never wants to work with a specific listing broker again gave a seller their honest assessment – and the broker filed an ethics complaint. How is it a violation to give a seller honest advice?

Homes were overpriced in early 2022 – so is the current market a housing recession or just a market correction? Experts disagree and it’s too soon to know.

Freddie Mac says the second notable increase in as many weeks comes “at a particularly vulnerable time for the market as sellers recalibrate their pricing.”

For the most part, associate rights and obligations spring from the terms of the independent contractor agreement they have with their brokerage firm.

Contractors challenged an assignment of benefits (AOB) change passed in May by the Fla. Legislature, but the judge said people named aren’t “proper defendants.”

When demand outstrips supply, more sellers try to save money by going it alone – but FSBOs dropped to 7% in today’s unstable market, a level not seen since 1981.

NAR’s latest program expands their “That’s Who We R” campaign by empowering each member to explain the Realtor benefits to family, friends and customers.

Do-it-yourselfers and remodelers now have their own sales-tax free Fla. holiday. From Sept. 2 to Sept. 9, there’s no state sales tax on tools, work gloves, etc.

Sphere of influence (SOI) is a code word for “the source of most sales.” A strong, organized database makes the most of the names in that list.

Someone filed paperwork with Fla.’s Division of Corporations, changed CEO status, took out loans and sold property. The owner found out after trying to pay taxes.

Overall U.S. consumer confidence rose over 8% month-to-month in August. Attitudes about current conditions moved higher for the first time since March.

Nonprofits can apply for HUD grants that help older low-income adults modify their homes, allowing “our nation’s seniors to age-in-place with dignity.”

Some clients aren’t a good business fit; others are simply unpleasant. Learn to identify the traits that don’t work for you and find ways to avoid those people.

The August index from UF rose 4.1 points to 65.2. All five components in the larger index moved higher, with a notable rise in future expectations.

Homeowners adding solar panels study energy savings and break-even costs, but they should also call their insurer: Some increase premiums and some cancel policies.

Of 100 metros tracked by government-backed mortgages, 8 Fla. cities hold top-11 spots, with Sarasota-Bradenton (up 36.5%) and Cape Coral-Fort Myers (36.0%) at the top.

A study of recent homebuyers found 1 in 4 (22%) unsatisfied with the experience: 30% went over budget and 20% bought in a less-desirable neighborhood.

New Orleans tried to limit short-term rentals by requiring license holders to live full-time in the lots they rent – but the court said that violates the Constitution.

For many people, “recession” just means “slowing economy.” Two negative-growth quarters suggest one, but an obscure group of economists must verify it.

The Realtors Relief Foundation is donating funds to the Missouri Realtors after flooding in St. Louis and Charles. The money helps victims pay housing expenses.

Rising prices and mortgage rates deter homebuyers, but for many, the rapid changes are simply disconcerting. It makes them wonder what will happen next.

Company focused on technology for insurance says more homeowners have long-term worries about climate change, with 3 in 4 (72%) of young adults most concerned.

Agents constantly meet up with strangers, aka “possible clients.” The job comes with a certain amount of risk, and agents should constantly consider their own safety.

Fed Chair Jerome Powell said Americans should expect more large interest-rate hikes in the coming months, one of the “unfortunate costs of reducing inflation.”

Buyers may want to think twice about nixing the inspection contingency. A study found that 94% of sellers admitted that they didn’t disclose a known issue.

Fla. homeowners who have coverage with St. Petersburg-based United Property & Casualty Insurance Co. must soon find a new provider.

The governor addressed over 700 Realtors during Florida Realtors Convention & Trade Expo and received Florida Realtors PAC’s endorsement for his re-election.

The rate for a 30-year, fixed-rate mortgage rose almost half a percentage point (0.42%) this week after hovering just above 5% for a while.

In some locations, prices will likely flatten or perhaps dip as much as 5% – but even with a slight drop in July, home prices were still up 10.8% year-to-year.

Many areas need more housing units to fill a shortage, but the new-home industry is slowing for a variety of reasons, such as higher mortgage rates and wary buyers.

Cheryl Lambert, 2021 president, is the 2022 Realtor of the Year. All award winners were recognized Thurs. at the annual convention’s in-person Awards Luncheon.

On social media, an agent praised a group of bipartisan lawmakers who passed a favorable real estate bill – but comments weren’t bipartisan and the post took off.

A frustrated condo owner reports frayed carpet, peeling wallpaper and dirt, but her requests for action go unheeded. How can she force the fixes?

The company strived to be No. 1 and once churned out a third of all U.S. mortgages. But it’s cutting ties to outside lenders after years of regulatory struggles.

The agency that oversees most U.S. mortgages wants an advisory board to help FHFA achieve its goal to create affordable, equitable and sustainable housing.

Bank of America’s CEO says it doesn’t matter if the U.S. is officially in a recession because most consumers are in good shape and can withstand economic turbulence.

Fannie Mae expects a 16.2% drop in home sales year-to-year in 2022; one month earlier it predicted 15.6%, but “housing remains clearly on the downtrend.”

While small, 1% is the second monthly sales drop in a row, with 8 in the past 9 months. Year-to-year, contract signings fell by double digits in all four U.S. regions.

The 29.6% year-to-year decline is slowest pace since 2016. NAHB says “higher prices and increased interest rates are generating a notable slowing” in the market.

Seller-financed land-installment contracts give low-income buyers a shot at homeownership, but they don’t get the deed for 30-plus years and seller abuse is common.

NAR: Housing affordability reached a 33-year low in June, according to NAR data – but an inventory increase and stabilizing mortgage rates may help.

The U.S. has 1.1M vacation rental properties and while investors seeking top returns often focus on tourist destinations, some smaller unexpected cities also work.

Clients who feel appreciated – especially over and over again – often feel a bond and recommend their Realtor to family, friends and others.

Miami is slated to get almost 20K new apartments this year as multifamily construction cranks up. Also on the top 20 list for newly built units: Orlando and Tampa.

The Fla. DOE says Fri. is the last day registered homeowners can apply for HAF aid; they plan to spend the full $676M based on applications received by then.

Groups like Habitat for Humanity work directly with buyers, but an Oregon non-profit plans to build modular, affordable homes in a factory.

On Facebook, people don’t usually come to you – you have to draw them in. They must choose to keep returning because they find your page interesting.

In the S. Fla. area, many sellers still want to list their home at the high end, but they’re also starting to understand the new rules with this changing market.

Two Baltimore professors who wrote books on Jim Crow laws removed all evidence of their race from their home and a second appraisal came in $278K higher.

The U.S. may or may not go through a recession, but business owners are preparing for the possibility by reevaluating budgets and cutting unneeded spending.

The pandemic uncovered weaknesses in U.S. manufacturing and a dependence on foreign nations, but a push to bring industry back home will help the commercial RE market.

Study: Jacksonville’s rents rose only 3.6% year-to-year in July, but they were up 17.8% in three S. Florida counties. Nationally, rents were up 13.5% year-to-year.

NAR: The original proposal included tax changes that would have hurt real estate investors. However, the final signed version leaves the industry largely untouched.

Rather than buy a mobile home and rent the land, a Zephyrhills developer will rent both for one price – about $1,750 per month for a 3 bed/2 bath home.

The pandemic-created love for outdoor spaces continues, though a survey of home designers found a drop in demand for pools, solar panels and smart home features.

The Realtor app that generates buyer and seller reports was updated. The new version goes live Tues., and members need to update the RPR Mobile app on their devices.

Rates appear to have hit at least a temporary plateau in the low 5% range. Last week, the 30-year, fixed-rate mortgage averaged 5.22%.

NAHB’s multifamily survey found mixed results in the second quarter, as a drop in optimism for condo builds overshadowed an increase in outlooks for apartments.

Properties didn’t stay on the market long (14 days), prices climbed 10.8% year-to-year, and inventory is starting to grow in the face of higher mortgage rates.

Credit scorers, lenders and other financial firms that collect personal data have a duty to keep it safe – and a liability if they don’t – the U.S. consumer bureau says.

Florida Realtors: Fla.’s single-family median price up 16.1% ($412K), condo median price up 20.6% ($305K). Mortgage rates, prices impact sales, and inventory is up.

In Canada and Australia, the screening system led to a 35% drop in parties after considering things like weekend dates, renter proximity and their Airbnb history.

Renters usually cut back expenses to save for a down payment, so downsizing their apartment to one less bedroom might get them into a house within a few years.

In a slower market, buyers and sellers shop for a Realtor who listens, advocates for them and knows the business inside and out.

Investors consider a 60/40 stock/bond portfolio standard, but real estate has provided solid returns over the past 12 months, convincing many to diversify.

Three national nonprofits will split the money: Habitat for Humanity ($9M), Enterprise Community Partners ($15M) and Local Initiatives Support Corp. ($17M).

Studies find rent control is a short-term solution that creates long-term problems. Florida Realtors has filed a lawsuit against Orange County to block a proposal.

Solar energy can save a homeowner money – but it will also first cost them for the installation. They should weigh all pros and cons before committing to an upgrade.

Strangers coming into their house? Remind sellers to hide valuables, prescription drugs and kids’ photos – and to check window locks after each buyer’s visit.

Single-family starts decreased 10.1% to the lowest reading since June 2020. Multifamily also fell (8.6%) but ongoing construction is up 24.8% year-to-year for 5-plus units.

Bubbles pop, and even with too-high home prices, “The housing market today is a far different beast than what we saw in the mid-2000s,” says economist Nicole Bachaud.

A homeowner had a falling out with a next-door neighbor, but it didn’t end there. He now has a floodlight directed into his home and sees other irritating behaviors.

About 16.1% U.S. home contracts fell through in July, up from 15% in June and 12.5% a year earlier. Of the top 10 city backout rates, 6 were in Fla., with Jacksonville No. 1.

Insurer-rater Demotech didn’t downgrade as many insurers as feared, and some it did downgrade brought scores up. Main fear now: A rough hurricane season.

ORRA survey: 74% see a slowdown and 66% think the market peaked. Faced with wary buyers, one agent suggests a refinance later: “Marry the home; date the rate.”

Increases in Miami (up 36.2%) and Honolulu (up 23.5%) reflect remote work trends, but 8 cities with “top 10” price increases are ones with still-affordable housing.

Homebuyers priced out of the market due to rising interest rates are now competing with current renters when looking for available properties.

In Pennsylvania, scammers claiming late taxes use Dept. of Revenue letterhead, demand accounting records and tell businesses to call a “resolution officer.”

NAHB’s monthly survey of builders’ attitudes turned slightly negative this month. It’s the first negative reading since May 2020, the first month of pandemic lockdowns.

Renters are still being scammed by a fake “landlord” that doesn’t actually own property – but problems can get even worse if real landlords don’t find out right away.

A reverse mortgage helps older adults use equity to remain in their home, but higher interest rates, lender rebates and FHA mortgage insurance deplete tappable equity.

The final walkthrough is often the ideal time for stressed buyers to get upset, and agents should prepare them for imperfections that can show up in now-empty rooms.

Citizens Property Insurance Corp. hasn’t had 1M policies since 2014, and the latest surge comes despite strong efforts to lower Fla.’s potential liability.

Only 42.8% of Americans with a median income could afford a median-priced home in the second quarter of 2022 – a sharp drop from 56.9% in the first quarter.

A fixer-upper is ideal for buyers willing to invest sweat equity and live in less-than-ideal conditions. In Fla., Miami and Jacksonville rank high for fixer-uppers.

Is single-family zoning good or bad? It’s a hot issue, but affordable-housing advocates say it’s one of the problems, and Gainesville might nix it altogether.

Last week, mortgage rates dropped below 5%; this week, they changed direction. One year ago, the average 30-year, fixed-rate mortgage averaged 2.87%.

Discrimination tends to find loopholes. In the 1960s, Blacks bought homes using a land contract – but sellers held the deed and could evict for one missed payment.

Small biz owners can live on hope – hope that future deals and success will automatically create a retirement nest egg. But they need a better plan now.

Many consumers randomly watch YouTube videos, and engaging Realtors who can entertain and even be funny can build their online audience.

NAR: Median home prices in the second quarter were up 14.2%, but Fla. saw bigger gains: Of the top 10 U.S. metros for home-price increases, Fla. had 7 ranking cities.

Rent.com: $1,769 is a 39% year-to-year increase. The nationwide average monthly cost for a two-bedroom rental in August is $2,105, a 38% increase year-to-year.

From mid-March to early April, credit-scorer Equifax gave faulty info to lenders, and some borrowers may now be paying higher monthly payments than they deserve.

Year-to-year, U.S. prices rose 8.5% in July compared to 9.1% in June. Most of that savings – though not all – resulted from falling gas prices.

Through the “Bridging the Gap” program, HUD hopes to give historically left-out people help to improve their credit, save resources for homeownership and build wealth.

It’s not this simple, but the core advice? Regularly repeat behaviors that work – and stop doing the things that don’t.

Buyers, sellers and Realtors feel less pressure as bidding wars decline, listings remain on the market more than a week, and open houses no longer generate waiting lines.

60% of Realtors are women but they hold fewer leadership positions. To change that, the Women’s Council of Realtors offers grants for “new and innovative” programs.

Salespeople usually thrive on competition, and rewards for success can include anything from tech tools or marketing help to company-paid vacations.

The six Fla. metros included in the July report had days-on-the-market averages greater than 30 days, ranging from an average 52.7% of Tampa listings to 72% in Miami.

We’ll see a slow uptick in foreclosures? Not in July. While unexpected, Attom’s EVP says the drop might be normal seasonal changes rather than an overall decline.

California, Connecticut, Georgia, Mississippi and South Carolina haven’t passed legislation, but Delaware, Massachusetts and Washington, D.C. are close to doing so.

Buyers’ feelings about the current market hit a low not seen since 2011. Only 17% think it’s a good time to buy a home, and the “good time to sell” index also dropped.

While experts don’t expect a recession-style foreclosure surge, the numbers should keep rising as the U.S. housing economy returns to “normal.”

Report: A worker making $10/hour in Fla. must work 86 hours to afford a one-bedroom apartment – an affordable rental goal in only 1 out 10 U.S. counties.

Many investors consider real estate a hedge against inflation, and it is. Long term, stocks still have a stronger historical position – but gold does not.

Many Realtors dislike live presentations because “I’m nervous” or “don’t like the way I sound.” But with practice, Facebook Live is strong marketing tool.

People who could work from anywhere often opted for Fla., and real estate investors found short-term-rental profits soared – but it added to buyers’ frustrations.

New Fla. condo safety standards raise the bar for about 2M owners and set an extremely short timeline – and there may not be enough engineers to get the job done.

Equifax – one of the big three U.S. credit scorers – says a computer coding error changed credit scores as much as 25 points, up or down, between March 17 and April 6.

The Realtors Relief Foundation – a non-profit that provides housing assistance after disasters – will direct the $500K to housing needs, plus relief and recovery efforts.

An abandoned condo unit could have problems that impact other owners, like mold, but how can a condo board find out if it can’t contact the absent owner?

Filings indicate the Florida Office of Insurance Regulation had been monitoring Weston Property and Casualty Insurance Co. for more than two years.

Search engine optimization (SEO) puts your info at the top of a customer’s Google search, a difficult goal. But a local SEO plan may provide better results.

Zillow canceled its own iBuying program but just announced a new iBuyer affiliation that combines Zillow’s audience with “Opendoor’s selling solution in one easy place.”

The chief economist pointed to signs of a recession – and signs that suggest no recession. At the least, he says, the latter should block a major economic slowdown.

At 4.99% it’s not far below, but it’s the first time in four months the 30-year, fixed-rate mortgage averaged below the psychologically significant 5% mark.

Buyers became richer between 2019 and 2021, notably in four “top 10” Fla. metros, as wealthier out-of-staters opted to buy a Fla. home during the pandemic.

If do-not-call laws didn’t hurt cold-call marketing, changing technology will: 20 years ago, Fla. had about 12M landlines; by 2021, it had only 1.152M.

Buyers want a go-to website, and IDX allows individual Realtors to post MLS listings. It can also boost website status in search engines when listings get shared.

Testimony suggested that “opaque ownership laws” and specifically LLC ownerships have turned “I’m going to let them foreclose” into a business tax strategy.

While no one wants a life in a high-risk area, buyers generally ignore philosophical dangers and continue to pay a premium for properties in fire or flood zones.

Demotech downgraded the financial rating of five Fla. insurers this week, but one quickly chose to use a new state program that can keep it in business and insuring homes.

Florida Realtors economist: Today’s homebuyers stress over inflation and rising mortgage rates, which are pushing buyers to lower expectations and find something quickly.

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.

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.

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?

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!”

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.

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.

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?

Sept. 30 application deadline: HUD says the money prioritizes homeless youth and survivors of domestic violence, dating violence, sexual assault and stalking.

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.

A borrower with a “fair” credit score could pay $103,626 more over the life of a 30-year loan compared to a similar borrower with an “excellent” score.

RE Q&A: A buyer bought her home from a widow. But even with a death certificate, the county didn’t remove her deceased husband’s name from the deed.

In Lee County, median sales prices are down 4%; in Collier they’re down 7%. Sales volume also dropped a bit while inventory has increased about 8%.

A Miami low-income housing project will soon offer market-rate units. The goal is to have some lower-income tenants’ costs paid by the higher-income renters.

For slightly less than $4M, one ABBA fan can own a piece of history. The Swedish Longhouse style Gulf Coast home duplicates the same design in a mirror style.

The housing market has taken a few hits, such as a doubling of mortgage rates in 2022, but it remains solid even if legitimate news providers suggest doom and gloom.

The growing number of homes listed for sale is largely in the pricier side of the market. The number of homes listed below $250K has gotten smaller in many places.

Buyers and sellers in separate states may soon find it easier to close a sale remotely after the U.S. House OK’d a bill standardizing the process the Senate will now consider.

An uptick in buyer cancellations reflects a changing market, though the specific reasons range from interest rates and recession fears to hopes for future options.

Parents with good credit often want to help their children buy a house. But it’s dangerous to have your name on a mortgage and deed if you don’t control the home.

Registration is onsite after Aug. 15. You’ll want to be part of it all: Hear Martha Stewart’s real-life insights, see the expo and learn from nearly 40 ed sessions.

It’s hard to live in Fla. and work remotely if your company starts to mandate two days in the office. As a result, FAU predicts departures will slowly lower Fla. rents.

Dear Shannon: If a Realtor sells a home they also own, are they still subject to the obligations of the Code of Ethics? What if a Realtor isn’t acting on behalf of others in the transaction?

A very non-legal definition: U.S. antitrust laws ban competitors from forming an alliance and “ganging up” on other businesses. A town’s two dominant brokerages, for example, can’t try to run a new entrant out of town.

Clients want to add a simple clause to a contract? It isn’t always simple. When parties add short clauses to their contracts, there can be pitfalls if the clause lacks detail.

Lots of confusion over this one: What happens to an associate’s pending transactions if they depart one brokerage to work for another – do they stay with the original broker or transfer? Fla. law doesn’t offer rules, so it’s important to have a plan.

What if a savvy hacker accesses your customer’s data? It’s not just a technology question. Affected customers may file a lawsuit and demand to know what steps you took to prevent cyberattacks.

Dear Shannon: If a Realtor sells a home they also own, are they still subject to the obligations of the Code of Ethics? What if a Realtor isn’t acting on behalf of others in the transaction?

In spite of the Fed’s 3/4-point interest rate increase on Wed., the average rate for a 30-year, fixed-rate mortgage fell to 5.3% from last week’s 5.54%.

The Fla. agency that backs policies after an insurer bankruptcy will work with Citizens to keep state insurers solvent if Demotech ever again threatens to lower ratings.

The chair had harsh words for inflation but also said rate increases seem to be having an effect. He seemed to say the U.S. is closer to the end than the beginning.

National Rental Home Council: Built-to-rent single-family developments made up 3% of rental home inventory in 2019; by the end of 2021, it rose to 26%.

f N.J. granted tax breaks to convince a company to relocate, it says it expects the employees to frequent local businesses – not work remotely from states like Fla.

At $6,729, Monroe County’s average premium tops the list, while Sumter County is the state’s most affordable for property insurance with an average $1,438.

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.

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.

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.

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.

A new member benefit introduced by NAR, Rental Beast, offers rental-listing management tools, such as ones that promote a renter-to-buyer conversion.

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%.

Insurer-rating firm Demotech says it changed direction and won’t lower property insurers’ ratings “until further notice,” easing concerns for homeowners and buyers.

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.

Consumers’ attitudes about their current situation – largely inflation – dragged down July’s numbers more than worries about the future.

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.

The 10-city and 20-city index showed a 19.7% year-to-year increase in May, a slight drop. Tampa (up 36%) topped the list for a third month with Miami (34%) at No. 2.

Most people buy the largest home they can reasonably afford, but upscale buyers have a “sweet spot” for size, future costs and the overall hassle of maintenance.

Some financial experts worry consumers are overextending as rising interest rates combine with record average prices on luxury cars, rugged SUVs and trucks.

It happens: Stuff at your home wears out or breaks. But saving 1% to 4% of your home’s value each year for maintenance and repairs isn’t easy.

Many older condos are fine, but new post-Surfside rules will force some owners to weigh the cost of needed repairs against the benefit of moving and selling.

On Wed., the Fed ends its meeting and will likely raise rates 3/4’s of a point. Mortgage rates may follow, but lenders anticipating the Fed’s move raised them already.

HUD and experts say mobile homes are one solution to the affordability crisis, but in eight years, 20% of rental parks have been bought by institutional investors.

Once an established agent has a fair share of local customers, the next step is to advertise their services to the external buyers who are most likely to move in.

For 13 days, Fla. won’t collect taxes on back-to-school supplies that cost $50 or less, including clothing, learning aids, and computers costing less than $1,500.

Demotech rates insurers’ financial health and warned 17 Fla. firms of a possible downgrade. That creates homeowner problems if Fannie or Freddie hold the mortgage.

A small number of sellers want to maintain privacy, but MatchMyPlace does it for everyone, listing only cities, prices and a limited number of photos.

Some owners hold off listing and selling until the market peaks, but what if it already did? It’s too soon to be sure, but “overvalued” indicators seem to be turning.

Sales will weaken and for-sale inventory will grow, but it won’t do much to help affordability, Chief Economist Lawrence Yun said.

A homeowner paid off his condo and may ask his girlfriend to move in. If he does, can she claim partial ownership at some point in time?

Condo owners usually have property insurance coverage, as do condominium associations. After a covered event, how do you decide which insurer must pay?

Buyers in the market for at least six months have lowered their expectations more than once – and shortly after they do, they’re forced to lower expectations again.

Some buyers can’t handle the high home prices and rising mortgage rates, and some sellers who were waiting for the market to peak have decided that time has come.

Federal efforts have decreased the number of phone scams, but criminals focus now on text scams. The 1B spam texts sent in July 2021 increased to 12B this June.

A bit less than half of U.S. listings had a bidding war in June, but in Tampa it was an even lower 28.9% compared to 54.2% in May and 58.8% in June 2021.

Mortgage rates are almost twice as high as they were one year ago (2.78%), though the weekly increase was modest compared to last week’s 5.51%.

Realtor.com’s high-level view of housing markets – foreclosures, underwater mortgages, rising prices, etc. – finds Fla. ranking third in overall stability.

It’s not just the U.S. raising interest rates. Most world countries are also trying to ward off a recession, and home prices in a few areas have even started to decline.

HUD views manufactured housing as one relief valve for the affordable housing crisis, and its proposed construction rules are the biggest change in 20 years.

In testimony to Congress, builders backed a new tax incentive but said they also need lower lumber tariffs, fewer regulations and help with their labor shortage.

Sales fell for the 5th month in a row as prices rose 13.4%. NAR economist says homes priced right sell quickly, but ones priced too high now “deter prospective buyers.”

Florida Realtors: Fla.’s single-family median price up 19.7% to $420K. Condo median price up 26.4% to nearly $325K. Inventory rising as new listings increase.

What will happen to mortgage rates next week? No one knows. What will happen over the next year? Likely lots of ups and downs but, ultimately, higher average rates.

Total housing starts fell 2.0% in June. Weakness in the single-family sector was partially lessened by a 10.3% rise in the multifamily sector.

REITs, which trade real estate similar to the way stocks trade business ownership, largely fell in value in June, though the decline level varied by commercial sector.

For many homebuyers, their ownership goal seems to be kicked farther down the field with every price increase and mortgage rate rise.

Inflation affects home prices – and home prices affect inflation. Metros with more departing residents – San Francisco, New York, etc. – have the lowest inflation rates.

Top of the list: smartphones, email, and social media or GPS apps. In addition, 19 out of 20 (94%) agents text customers but also call (92%) or send email (90%).

The “What’s your home worth?” ads carry less weight, in part because they’re overused, but also because today’s consumers balk at giving out their home address.

Available in English and Spanish, the app helps people find updated weather alerts, emergency shelters, links to recovery assistance and more within one app.

In NAR’s annual report, 1 in 4 (24%) international buyers chose Fla. Nationwide, they spent $5.9B, up 8.5%, even as single-family home sales dropped 7.9%.

1 out of 3 (32.6%) people doing a home search on Redfin’s site looked beyond their metro area, and four of their top 10 preferred destinations are located in Florida.

While some builders lowered prices, it’s tricky. Most want to spur demand without offending their contracted buyers who already agreed to pay a higher price.

The 12% drop is the largest NAHB has recorded in its monthly survey of builder attitudes, except for 42 points in April 2020 – the first full month of the pandemic.

Some homeowners may pay hundreds more for flood insurance than their neighbor, and part of the problem could be a location at the edge of a flood insurance map.

Americans keep upgrading their homes, but NAHB’s index measuring the market dropped 10 points year-to-year in the second quarter, reflecting a market slowdown.

A judge ruled that a “Fair Housing Center” home for six individuals faced discrimination, and ordered the town of Cromwell, Connecticut, to pay $5M.

Agents need to tell customers about the benefits their brokerage brings to the table, but even some brokers don’t recognize their own strengths.

The U.S. needs about 3.8 million housing units to keep up with household growth, a crisis with multiple causes, some of which go back to the Great Recession.

The parent firm of United Property & Casualty, which insures 185K Fla. homeowners, is reviewing “strategic and capital raising alternatives” that may include a sale.

Stronger construction can minimize damage from strong winds, but an MIT study found that many valuations underestimate mitigation’s benefits by as much as 80%.

In No. 1 Boise, Idaho, 2 out of 3 sellers (61.5%) dropped their asking price in June. In No. 9 Tampa, a Redfin study found 44.5% of sellers lowered their price.

NAR’s chief economist says inflation is rising faster than expected, and the “Fed may be forced to raise interest rates even more aggressively than planned.”

Which candidates running in Fla.’s primary support the real estate industry? Florida Realtors PAC looks at various factors, including voting records on real estate issues.

If a market slows, buyer momentum often slows with it. As a result, agents should think of ways to keep prospective buyers excited about the process.

After a few declining weeks, the average rate for a 30-year, fixed-rate loan rose higher after inflation numbers remained high despite recent Fed interest rate increases.

Attom: Foreclosures remain low but might hit normal “sometime in early 2023.” Fla. ranks sixth nationwide, with one foreclosure for every 560 homes with a loan.

The CEO of Citizens Property Insurance – the Fla.-owned “insurer of last resort” – foresees “almost incomprehensible growth” for the rest of this year.

In June, just shy of 15% of contracted sales were canceled before closing – the highest rate since the start of the pandemic – as more buyers rethink their decision.

Buyers have removed contingencies in order to woo buyers. If you’re seeing those returning, it suggests that your market doesn’t favor sellers quite as much.

What do you tell them? It’s an opportunity to start a conversation and build value if the caller doesn’t have an agent but tell them the home’s “sold” status upfront.

At 9.1%, June inflation hit a rise not seen since 1981. On the plus side, recession fears appear unwarranted for now as other numbers remained surprisingly robust.

NAR’s 2022 Member Survey: Realtor membership grew 5.4% to 1.56M. The typical Realtor had sales volume of $2.6M and 12 transactions – a year-to-year increase.

The average cost to move a U.S. household rose 15% year-to-year, and 51% in top-cost Maine. But moving costs fell in 5 states, including 5% in New Mexico.

As Fla. home values soar, calls grow to increase state-owned Citizens Insurance eligibility cap to $1 million statewide rather than in just two counties.

Q&A: Also: If someone owns multiple condos but rents all of them out to tenants, can they still use community amenities, such as tennis courts and the pool?

Rose Credit Repair in Texas promised to quickly boost client’s credit scores – and it did so, but by illegal means, including 133 fake police reports.

Real estate often make a great investment but investors expect a return on that investment. Seemingly attractive investments can sometimes have problems.

Miami charges the seventh-highest average rent in the nation and is No. 1 in Fla. at $2,846. Jacksonville is Fla.’s least expensive with rent averaging $1,748.

Curated newsletter content – topics you select with readers’ interests in mind – offers a return on investment up to $36 for every marketing dollar spent.

The real estate digital marketing leaders will offer photography, drone imagery, floor plans, virtual tours and more on a single platform.

Why are housing prices rising quickly? A Federal Reserve study found supply-side challenges less influential than ongoing and strong buyer demand.

The best tactic to quickly recover after hurricane damage? Prepare now. “Identify your risks, have a plan and act today,” says FEMA Administrator Deanne Criswell.

Some homeowners living in flood zones don’t want to sell after getting a buy-out offer because they don’t trust the government to pay a fair price on time.

On July 10, renters who pay on time can get a home-buying boost even if they have thin credit scores – a big benefit for first-time buyers in underserved communities.

Study: Miami-Dade saw the fiercest renter competition in the first four months of 2022, with Orlando (2), Southwest Fla. (3) and Broward (10) also in the top 10.

Buyers and sellers often don’t know all their options. A leaseback may convince a homeowner to sell now, for example, and buyers could learn about new mortgage options.

Even companies that want workers to return to the office find it’s not that simple, and recession fears have some firms looking for ways to cut expenses.

By Sept. 5, lenders must update guidelines to make it easier for salaried/hourly workers and self-employed people to qualify for a loan if they lost work during the pandemic.

Fla. has a lot of residents born outside the state – but one in three (35.8%) is a true Floridian. Only Nevada has a lower percentage of state-born residents.

Recession fears pushed the 30-year, fixed-rate mortgage down from last week’s 5.7%, though they remain higher than the 2.9% recorded last year at this time.

The Fed is willing to push interest rates higher, but it’s not just a supply-cost worry. If consumers expect more inflation, it can become a self-fulfilling prophecy.

More Americans dream of moving to Fla. than other states, according to Coldwell Banker, and a high percentage of Fla. residents won’t search for a home elsewhere.

Zero-down, interest-only adjustable-rate mortgages (ARMs) played a role in the last recession, but today’s options are safe if buyers understand the pros and cons.

Big investment firms largely ignored single-family housing until 2007, and competition between investors and homesteaders is a fundamental market change.

Why should someone move to Fla.? Because it’s officially fun, according to a WalletHub study that looked at entertainment, recreation and nightlife.

Citizens Ins. – the Fla. “insurer of last resort” – is helping defend a new Fla. law that limits attorney fees for “assignment of benefits” (AOB) damage claims.

Almost 90% of U.S. counties saw housing costs outpace wage growth in the second quarter. Households that once used 26% of income for housing were using 31.5%.

The My Safe Florida Home program will subsidize owners’ efforts to boost their home’s storm defenses – but not before the peak of the 2022 hurricane season.

While “more supply” has rallied most efforts so far to ease the affordable housing crisis, Biden is considering reduced fees to save FHA buyers $50-$70 per month.

A Davenport owner and manager told a transgender tenant she must continue acting as a man in public because it makes other residents “uncomfortable” and is “disruptive.”

In June, Fla. median rent hit $1,726 per month, up from $1,408 one year earlier. While a unit for $1,500 is still possible, it depends on size, quality and location.

Survey: 33% of U.S. small businesses couldn’t pay their full May rent on time. Some still owe back rent from the pandemic and 52% said rents rose in past 6 months.

Predictive analysis or market analysis uses data to pinpoint patterns and help forecast trends. Real estate agents can use it to improve their targeted marketing efforts.

Condo Q&A: The tenant generally takes the place of the owner when it comes to rights to use the common elements, unless the tenant waives those rights in writing.

Analysts: As more people stall their homebuying plans, due to inflation, higher interest rates and economic uncertainty, it likely will impact RE industry jobs.

Survey: 33% of U.S. small businesses couldn’t pay their full May rent on time. Some still owe back rent from the pandemic and 52% said rents rose in past 6 months.

Condo Q&A: The tenant generally takes the place of the owner when it comes to rights to use the common elements, unless the tenant waives those rights in writing.

CoreLogic: Tampa had the highest year-over-year home price gain, 33.4%, for the 20 biggest metros. Fla. was the state with the highest home price gain at 33.2%.

Now available across the U.S., the company says it is the first to enable agents to bid on listing opportunities from homeowners who are ready to sell.

Predictive analysis or market analysis uses data to pinpoint patterns and help forecast trends. RE agents can use it to improve their targeted marketing efforts.

FHA now offers a complete, four-part webinar series for novice buyers that “dispels FHA myths” and gives them clear steps they can take to become a homeowner.

Older adults often want to stay in their home, and new tech tools – smart beds, fall detectors, security cameras, etc. – make it easier to do that.

A committee looked at the impact on first-time buyers and minorities – and the real estate industry – if a high percentage of traditional family homes become rentals.

The three big credit reporting agencies now don’t include medical debt in reports for banks, landlords, etc.; and they won’t report small medical debts at all in 2023.

Some advocates worry that investors in subsidized government housing will drop the affordable-housing subsidies in order to raise rents and pursue higher profits.

The tragedy rattled a Fla. insurance industry that was already struggling. One Palm Beach condo complex expected a 25% increase – but coverage rose by 82%.

Home prices took a dive during the Great Recession and some homeowners think that will happen again, so they’re selling now and waiting for bargains to arrive.

Every buyer in every real estate cycle faces challenges. Buyers who can keep things in perspective still qualify for mortgages and sign contracts for homes.

Stock market and inflation fears hurt the economy, but increased economic pain can often lower mortgage rates if investors flock to mid-term bonds.

A study by FAU and two other universities compares current rents with “historical trends” found Miami No. 1 in the U.S., with rents 22.7% higher than historically expected.

The Fed’s interest rate hikes will cause the “pendulum to swing back down” some places, but no crash if vacancies stay low and underwriting standards remain high.

If renters paid their landlord on time for a year, they can share that info with Freddie Mac to improve their chance for mortgage approval or lower their interest rate.

A number of real-estate-related bills passed in the 2022 Florida Legislature and were signed by Gov. Ron DeSantis, including the Hometown Heroes program.

The cost of lumber is falling and new-home demand softening thanks to current housing prices and rising interest rates. Could a supply-demand balance be here soon?

Many Fla. residents may celebrate July 4th away from home. Florida Realtors: Share home safety tips with owners like setting timers on lights in some rooms.

The short-term rental company says parties at its properties dropped 44% in one year, so a ban works – but it also suspended 6,600-plus  guests who broke the rules.

Fla. regulators turned down the “insurer of last resort’s” full rate-hike request. Instead, the policy increase will average 6.4%, and 57K Fla. owners will see a smaller bill.

Miya’s Law creates new rules, some of which impact landlords. Highest profile one is that a maintenance and repair “reasonable notice” rises from 12 to 24 hours.

Attitudes about current conditions were relatively unchanged, but attitudes about the future fell more based on fears over inflation and the cost of gas, food, etc.

At 62.9, June’s Fla. consumer sentiment was 2.1 points higher than in May. A UF economist says it “comes as a surprise” given inflation and other challenges.

The bill allowed Fla. businesses to sue local governments over lost profits. DeSantis generally agreed with that, but he found the bill “broad and ambiguous.”

Recreational things like tents, sunglasses and concerts are sales-tax free July 1 through July 7, with longer sales-tax breaks for some home appliances and windows.

NAR says May’s increase in pending home sales ended a six-month skid of declines, but despite the gain, “the housing market is clearly undergoing a transition.”

Prices remained up 20% year-to-year in April, but the monthly rate of increase appears to be slowing as the Fed’s interest rate hikes seem to be having an impact.

A look at the latest trends across the U.S. show that residents in 32 states, including Florida, favor a modern style at home. Ranked at No. 2 is farmhouse chic.

Monthly mortgage payments in April took up 28% of a recent homebuyer’s monthly income, near the 30% threshold generally considered as “affordable,” says Zillow.

Fla.’s “insurer of last resort” sought a 10.7% rate increase for homeowners with “multi-peril” policies, its most common; but the state approved an average 6.4% rise.

Millions of Americans who rely on their cars for work are changing their habits, signing up for carpools or riding bicycles to work as high gas prices strain budgets.

High-demand buyers keep moving to Fla., seeking luxury homes with specific features, leaving RE pros to find and persuade homeowners to sell their properties.

TransUnion: Rents are rising faster than tenants’ income. U.S. apartment rents rose 14% from 2020 to 2021 but the median income of rental applicants is up 6%.

Litigation adds to Fla.’s rising prices for property ins. Citizens Ins. – the Fla.-owned “insurer of last resort” – says it’s served with 970 lawsuits each month.

Due to the Surfside tragedy, a new business model is emerging: Condo safety reports using the same type of system as Carfax reports for used-car buyers.

More sellers want to stay in their home after closing, sometimes for weeks or months, and agreeing to their request gives some buyers an edge over the competition.

The core of every real estate business? The agent who owns it. And if the agent isn’t relaxed and focused, the business will struggle to survive.

New-home sales made up lost ground after four consecutive monthly declines, perhaps because some buyers rushed to lock in a mortgage before rates went up again.

Vacation-home buyers have been hurt by economic changes and a new fee, plus higher pandemic-era demand may have resulted in less current demand.

Older adults are buying a condo in a 55-plus community. Their kids want to know what a revocable trust is – and whether it’s a good idea.

Realtors who “always do the right thing” may still find themselves legally accused of a copyright violation – often a photo on their website, and sometimes one that was automatically uploaded by their IDX feed.

A buyer and seller can always agree to change contract terms to get a transaction to closing. However, a handshake agreement generally won’t change the existing contract until it’s in writing and signed.

Dear Shannon: A Realtor won’t work with potential buyers working with another Realtor – “Never have. Never will. It’s unethical.” But is this one of the high standards that the Code of Ethics requires?

A judge gave final approval for the Surfside-condo collapse settlement a day before its June 24 anniversary. Families who lost loved ones will collect the most money.

In two-and-a-half years, Fla. condos should complete inspections. It’s a quick turnaround for a state with 30,000 condo associations, most older than 30 years.

Homeownership builds generational wealth, and NAR laid out potential long-term consequences if lower- and middle-class buyers no longer qualify.

Many current and previous armed forces members know little about VA loan benefits: 17% think they need 20% down; half think it’s a once-in-your-lifetime offer.

Last week, the rate increase hit a 35-year high, but this week’s 5.81% is only marginally higher than last week’s average 5.78%.

How are you different? Why should I work with you rather than any of those 10 other agents? Before a first meeting, give clients an idea of what they should expect.

Home flips vary by metro, but they’ve grown as a percentage of sales (9.6%) for five straight quarters – but profit margins dipped to their lowest point since 2009.

The U.S. challenged Facebook’s “algorithmic discrimination.” Ads can no longer target recipients by age, gender or zip code in a case DOJ called “groundbreaking.”

In most condos, the outside area by a front door is a common element than owners can’t change without permission. But boards should be flexible on this one.

The first and perhaps biggest question: What made you decide to move here? Slow and methodical work in the beginning will make their visit more productive.

Calling it a “first-of-its-kind package,” HUD will spend $322M to help the unsheltered homeless, including some living off the land in rural communities.

Fed Chair Powell emphasized the central bank’s determination to stem inflation and suggested any future increases will be based on the latest inflation numbers.

It’s the 4th month in a row for slowing sales, a drop of 3.4% month-to-month and 8.6% year-to-year – but U.S. is mostly down to 2019 levels after two gangbuster years.

A drive to help build awareness of the Realtor brand led Broward, Palm Beaches & St. Lucie Realtors to create “Only a Realtor” ads, videos and social media campaigns.

Homeowners who have hit hard times face foreclosure, but most now also have lots of equity and they’re selling rather than going into foreclosure.

The U.S. Treasury-funded program spent over $1.3B, helped 228K residents and closed to applications on May 12 – but some local programs may still offer aid.

Florida Realtors: Fla.’s single-family median price up 21.8% to $420K. Condo median price up 28.8% to $322K. Rising interest rates slow sales but new listings up.

The baseline for a strong brokerage begins with training programs, support and systems. But the internal culture acts as the glue that holds people together.

As property insurance grows more expensive, homeowners study other options. If an owner has paid off the mortgage, is self-insurance an option?

Also: A condo board may approve/reject leases based on criteria in the Declaration; a background check found a recent arrest for assault and battery. OK to reject?

Altos Research: Rising rates and economic shifts have slowed down super-eager buyers as the market shifts to “much more normal conditions.”

Many homeowners used some of their home equity via a cash-out refinance when rates were dropping. “Tappable equity” rose to $200K per home in 1Q 2022.

Two other Fla. metros – Cape Coral and North Port – are also in the top 10 Redfin report, with New York City and Chicago top feeder markets.

In addition to a business LinkedIn page, agents should have a personal LinkedIn page that, in addition to a photo, outlines their skills and experience.

In a common problem, one condo-unit owner tries to tell landscapers how do their job, but the association employs them – not that individual owner.

As of April 1, Fannie Mae-backed loans use the ANSI standard for measuring square footage. While it makes the measuring consistent, it also creates confusion.

In the 2010s, mortgage rates averaged only 4.08% – but today’s rates are still a bargain compared to the 1970s (9.03%), the 1980s (12.7%) and the 2000s (6.29%).

With geographical farming, an agent defines a specific area for intense marketing – but success requires more than randomly picking an area off the map.

A reverse mortgage allows older adults to tap into home equity yet still live in the home. For unexpected health care expenses, it might be a good idea – or maybe not.

If rising costs didn’t deter hopeful home buyers, rising mortgage rates might. Realtor survey estimate: About 50% of buyers paused plans at least temporarily.

Officials allege the groups used Spanish ads to falsely promise they’d cut mortgage payments in half – but homeowners shouldn’t pay mortgages or talk to their lenders.

The big difference? Money doesn’t move between banks, it moves between crypto wallets. But to pull that off, everyone in the transaction should understand the process.

Southern Fidelity is headed toward state receivership. It has 78K policies in Fla., and some of those will likely go to Citizens, the Fla.-owned “insurer of last resort.”

Economists expected housing starts to fall last month, but the size of the drop was the steepest in more than a year. Building permits also declined by 7.0%.

The rate for a 30-year, fixed-rate mortgage jumped over half a percentage point in one week – from an average 5.23% seven days ago to this week’s 5.78%.

An Executive Order issued on LGBTQ protection requires HUD to identify housing issues, provide guidance and create training under a goal-specific timeline.

With inflation up to a 40-year high of 8.6%, the Fed raised its key interest rate by 3/4ths of a point and suggested that more hefty rate increases are likely.

Fla. has 4 of the top 10 cities for real estate investors, but they’re pulling back. U.S. investor purchases dropped 11.5% in 1Q 2022 compared to the previous quarter.

Despite inflation, sinking stocks and Fed moves, most economists say consumers – the primary drivers of the economy – are still spending money at a healthy pace.

Redfin said Tuesday it would lay off nearly 500 employees. In an SEC filing, Compass said it plans to lay off 10% of its workforce.

The builder association’s measure of attitudes has dropped for six months in row, hitting 67 in June. But any number above 50 reflects optimism over pessimism.

In future smart homes – they already exist – the fridge may order groceries, the dryer could call a repair man, and everything can be controlled from a single location.

Under the “buy low, sell high” theory of investing, some larger single-family landlords see economic downturns as a chance to increase their inventory.

In exchange for that savings, however, buyers accept risks. Adjustable rates reset at a future point, and interest rates could be uncomfortably higher when they do.

In the beginning, phone and video calls build relationships – but once transactions get serious, email creates a searchable archive of the process.

Criminals don’t just post fake home sales or apartment rentals online. They also advertise fake summer rentals. Take safety precautions before making a deposit.

The Fed chair had hoped rising interest rates would slow the economy enough to halt inflation – but so far it hasn’t. As a result, bigger rate hikes are expected.

Survey: 2 of 3 homeowners think they’d make less money using an iBuyer – but they’d consider an iBuyer if it makes home selling faster and easier.

The pandemic lesson: The market can change quickly. A broker forum looked at impacts on the future: hybrid working, value propositions, profitability and more.

A 2021 law limited roofer advertising, but a court injunction blocked enforcement during the trial. Due to just-passed laws, both sides agree the issue is now moot.

Buyer frustration has adjusted some goals as more look for homes they can tear down and replace, or ones with “good bones” they can remodel.

Granny flats – small apartments added to a home or built in a yard – will be easier to finance since lenders can now consider rental income for mortgage approvals.

A mega-houseboat docked on Star Island isn’t a “structure,” according to the Miami-Dade property appraiser, and the county won’t demand property taxes.

If a mortgage holder drops homeowner’s insurance, their lender will “force-place” a policy on the home. But that policy protects only the lender – not the homeowner.

Is a single-family home a better rental investment than a condo? Beyond financial return, investors like single-family tenants because they tend to stay longer.

Young adults want a home; their parents want them to have a home. As a result, more moms and dads are giving money, co-signing or even gifting a house to their kids.

Sales remain strong, but soaring interest rates, a shaky stock market, rising inflation and economic certainty have put a damper on demand.

Beyond paying a higher price for a new home at an increased interest rate, owners must deal with rising property taxes, and more face capital gains taxes if they sell.

Moody’s Analytics considers some Fla. metros “overvalued” because it says the average local resident can’t afford to buy a local median-priced home.

HUD: 45% of the homeless suffer from some form of mental illness or chronic substance abuse issue, but an estimated 25% have a serious mental illness.

The run-up follows last week’s average 5.09% for a 30-year, fixed-rate loan. Increases so far this year appear to be impacting buyers and the housing market.

HUD study: 45% suffer from some form of mental illness or chronic substance abuse issue, but an estimated 25% have a serious mental illness.

Survey: 1 in 3 (35%) is annoyed once per month, and 53% get bothered at least multiple times each year. Top complaint? Noise from dogs, babies, TVs, etc.

Rising rents and stock market fears have sparked real estate investment. Orlando, Miami and Jacksonville are 3 of 7 U.S. markets where they’re over 25% of sales.

Notable home-price increases have occurred in small and large U.S. metros, but it hasn’t been even. In 477 U.S. cities, prices still haven’t hit their earlier peak.

USA Today calls it “the most sweeping overhaul since the housing crash in 2008.” The three-year strategy focuses on underwriting, appraisals and support programs.

The pandemic pushed many Americans to move and others to upgrade their current home. However, about 1 out of 3 remodelers now regret their decision.

FEMA says it’s been 50 years since the storm changed U.S. flood policies after crossing the Panhandle and causing massive inland flooding – 8 states, 128 deaths.

FAU: At 32.8%, Fort Myers tops U.S. metros in year-to-year rent increases. S. Fla. (up 31.07%), Sarasota (30.88%) and Tampa (26.9%) also made the top five.

Online tool accesses HUD-approved counselors and a toll-free number offers advice in 200 languages on buying, renting, reverse mortgages or evictions/foreclosures.

The recent update allows renters to search locations for their most-desired features, such as a chef kitchen or “historical homes.”

There are three types of ownership that pass property upon death, but only one usually requires probate – and it’s not “joint tenants with right of survivorship.”

Across Fla., 229 young people are getting help with their college costs from Florida Realtors Education Foundation as they prepare for the 2022-23 school year.

The last time interest rates rose, a rush of sellers listed their home. But that hasn’t happened, in part because likely move-up buyers don’t want a higher-rate mortgage.

The move, backed by NAR, gives HUD flexibility to boost affordable housing in various ways, such as advocating for zoning changes and working with local officials.

A widow remarried but wants to leave the family home to her sons rather than her new husband. What’s the best way to do that?

Palm Beach County analysts say the area needs affordable housing. It’s starting to hurt its infrastructure, which deters economic expansion and company relocations.

2 out of 3 (66%) of adults 55 and older plan to stay in their current homes in a break from their parents who largely downsized or moved to adult communities.

Regret is rampant after a hurricane – regret for the preparation things you could have done but didn’t. However, not all hurricane advice makes sense.

Florida Realtors economist: Most Fla. home sellers accepted offers at or above their asking – and 1 in 5 (20%) Fla. sellers get at least 5% more.

Housing remained resilient – Fla. more than many states – but signs suggest a slowdown in price increases. Still, investors moving away from stocks may be a wild card.

Thanks to supply-chains and other pandemic-era challenges, the price for lumber – and new homes – soared higher. But lumber saw a notable price drop last week.

In March, HUD published a proposal in the Federal Register to create a 40-year option for existing FHA borrowers, a move NAR backed in a comment letter.

People have many reasons to move, but “climate change” is increasingly one of the factors they list, especially less favorable weather conditions in their area.

The tech world can be scary, but you can take steps to lower your risk. Start with unique passwords for every site – and never log in using Facebook or Google.

How do you define success? For 74% of people, it’s owning a home. For most people, it ranked higher than careers or even family in a Bankrate.com poll.

The average down payment in this year’s first quarter was $28K (13.1% of purchase price). Two years earlier, it was $14K (10.9% of purchase price).

Buyers who can still afford a home feel they must act quickly in the face of rising mortgage rates: 36% of millennials owners said it happened earlier than planned.

If an HOA’s paint-color rules haven’t been revised in decades, they’re still enforceable if nothing changed the rules. But who created these “rules”?

A number of Florida Realtors-backed initiatives passed but still needed signed budget items to move forward. Hometown Heroes, for example, is now fully funded.

Also: If the HOA hires a property management company, what tasks require a CAM license? And is it illegal to hire someone without a license?

Chief Economist Yun said in an interview that it’s “just inevitable that home price appreciation will slow down in the upcoming months.”

A MoneyWise survey found top recognition for “closing costs” by two-thirds of respondents, but only 38% know what “mortgage rate” means.

Mortgage rates tend to follow yields in 10-year government bonds, which have been sliding. Plus without many refinances, lenders have more money to move.

The average 30-year, fixed-rate mortgage was virtually unchanged this week, dropping from last week’s 5.1% to 5.09%. But the 15-year loan rate moved higher.

The “Fair Lending Oversight Data System” is now active but also open for public comments. Among other things, it will track appraiser names and license numbers.

Sellers of higher-end properties often interview three agents before making a decision. Listening – and asking open-ended questions – can move you to the top.

A week after the Florida Legislature took steps to limit attorney fees in assignment-of-benefit lawsuits, an association and company filed a constitutional challenge.

A storm hovering over Mexico may threaten Fla., and it’s time to prepare for the possibility of bad weather. The 2022 hurricane season started June 1 and ends Nov. 30.

Lawmakers revived “My Safe Florida Home.” Funded with $150M, homeowners can apply for $2 in aid for every $1 spent, but some details still need to be worked out.

New investors pay higher rates for acquisitions and higher mortgage rates too. As a result, some new investors are feeling pressured to keep increasing rents.

2022 is the 20th anniversary of National Homeownership Month, which recognizes the importance of owning a home and the impact it has on families and communities.

Many community associations leveling fraud charges had a single person receiving and paying bills. To stay safe, a system of checks-and-balances should be a fundamental part of day-to-day operations

Friends or family members who say, “We’ll work it out later” set themselves up for trouble. The time to “work out” solutions for unexpected problems is before the purchase, not after.

Dear Shannon: What do I do when a buyer says they are working with another Realtor? A cohort says the Code of Ethics requires us to ask if they have signed a written exclusive agreement. And another person said we have to get a copy of it. Is that what the code says?

If sellers want a little more time in their property after a sale closes, it’s important they know how this negotiated term fits into their contract before committing to longer-term plans.

What happens when “Buyers waive appraisal contingency” is added into the sales contract? For a lot of Legal Hotline callers, the provision doesn’t do what they think.

The feature measuring current attitudes dropped slightly, but Americans’ future expectations lowered in the face of inflation and interest rates.

Tampa (34.8%) and Miami (32.0%) showed large increases among the 20-city index. Those waiting for slowing prices “will have to wait at least a month longer.”

Consumer confidence in Fla. dropped a bit again in May, only slightly higher than the June 2008 reading. Regular monthly drops seem to track inflation’s rise.

Some owners were waiting to list, hoping to maximize their potential profit; some may fear they have to act now. New listings are rising twice as fast as a year ago.

Americans like to sell homes and move, but current owners look at today’s frustrated buyers and their low interest rate and think, “I’m fine right here for now.”

50-plus careers qualify for home-buying help up to $25K – over 3M Floridians. Income limits start at $120K, home prices at $420K. Webinar training this week.

CFPB: Lenders are obligated to tell buyers why their loan application was turned down. They can’t plead ignorance and say an algorithm made the determination.

FREC didn’t receive course completion reports from some Fla. licensees who took the real estate salesman or broker’s test online between Jan. 2020 and June 2022.

A house can feel more like a home when it’s raining outside, but it’s also the best time to check for roof leaks, note outside drainage issues and detect any odor from mold.

How are rising mortgage rates impacting home sales? Comparing the percentage of sellers who dropped their price in April 2022 vs. April 2021 finds an increase in Fla. metros.

8 of the 10 largest U.S. cities lost population during the first year of the pandemic, though reasons varied from housing costs to jobs, births and deaths.

Recession or not, the U.S. doesn’t have enough entry-level homes for everyone who needs one, and it will take at least 10 years for supply to catch up with demand.

It may get easier for Broward condo buyers to find building safety reports. An online resource would give owners structural reports and update the status of repairs.

The Fed’s meeting notes this month suggest disagreement among the ranks, but they still plan on some rapid increases followed by time to “assess the effects.”

Reality home shows capture the real estate business’s glitz and glamour, but not so much the minutiae and stress. One agent calls them “horrible” for the industry.

The average rate on a 30-year, fixed-rate loan fell for the second week in a row but still hovered just over 5%. One year ago, a 30-year FRM averaged 2.95%.

It marks “six consecutive months of declines and the slowest pace in nearly a decade,” says NAR’s chief economist. Year-to-year, pending sales were down 9.1%.

In a special session this week, the Florida Legislature passed a roster of bills to ease problems in the state’s insurance market, including SB 2D, which Florida Realtors heavily supported. Lawmakers also took steps to improve the safety of condo buildings.

Attom study: Between 2021 and 2022, rental returns on a three-bedroom house declined in three out of four counties – largely because home prices rose 15%.

The Florida Legislature put condo safety on this week’s agenda by adding inspections and new financial requirements into a bill by way of an amendment.

A previous property settlement of $83 million – which doesn’t include a separate loss-of-life case – was increased to $96 million on Tuesday.

A study found that music influences diners’ food choices in a restaurant, but what works for an open house? Consider local tastes and a home’s style when choosing.

Of those 21 storms, 10 will be hurricanes, experts said, calling it “really a strange thing that we’ve had six consecutive seasons be so active.”

The short answer: Yes. The longer answer: The process to do so depends on governing docs, and it might not be as simple as it sounds.

Fla.’s sales-tax “holiday” on hurricane supplies starts this Saturday, and for the first time it includes pet supplies, including some bags of pet food and cat litter.

If there is a slump, most economists predict it will be relatively mild – and a majority believe the odds are greater than 50% that the U.S. won’t see a recession at all.

Fla. rents are up because demand is up, and new residents boost demand. In 2020, 167 people moved in for every 100 who left. In 2021, the inbound number was 210.

Florida Realtors economist: In 1Q 2022, half of new Fla. listings went under contract in 12 days – but look beyond that one statistic to see the shift in market speed.

Pundits expected a slight drop in April new-home sales. NAHB’s chair calls the drop significant and cites the higher cost of new construction and rising interest rates.

The Florida Legislature looks at the state’s property insurance challenges this week. A range of proposals will consider legal, structural and reinsurance updates.

A Friday forum hosted by NAR and the Urban Institute brought together government and reporters to focus on better ways to serve marginalized U.S. communities.

Rates go up and down. One broker expects a slow rise in part to world events, and then a slow fall. And when rates fall, today’s buyers “will go back to refinancing.”

A Dubai billionaire bought the land where a condo collapsed in Surfside for $120M – the only bid submitted and high enough to apparently deter other bidders.

The real estate market can be scary for buyers, but education can help – like saying we don’t want another global collapse even if the last one did lower mortgage rates.

The $100M program, a top Florida Realtors priority, will provide zero-interest loans to be used toward down payment and closing costs – up to 5% of the loan or $25K.

In an “email compromise scheme,” a Miami Gardens man monitored business emails, changed wiring instructions at the last minute, and stole almost $400K in closing money.

For some sellers, it’s emotional: A beloved family home should only be sold to a family, and they’ll take less money to make it happen. Others worry about neighbors.

Panhandle Realtors note an uptick in interest for energy-efficient homes, but it comes with a downside: Many homebuyers can’t afford the increased cost.

Listings that expired more than a year ago may offer opportunities. Owners who didn’t sell for some reason may not realize how much equity they’ve gained since then.

NAR’s president created a presidential advisory group (PAG) to study cryptocurrency’s growing real estate influence, suggesting, “We should consider our own platform.”

Realtor.com added “wildfire risk” to all listings, and while 6% of Fla. homes face a threat, that number could double by 2052, according to the rating company.

Inflation has changed perceptions. More potential homebuyers must now use money to pay for daily essentials, and credit card usage rose 49% in 1Q 2022.

Sellers can shield $250K of profit from capital gains taxes, but as home values rise, some filling out their IRS forms now discover that Uncle Sam wants a cut.

Year-to-year, sales dropped 5.9%. The inventory of for-sale homes, while higher at a 2.2-months’ supply, means the U.S. remains in “seller’s market” territory.

“Economic uncertainty causes rate volatility,” says Freddie Mac’s chief economist. The average 30-year, fixed-rate loan moved down a bit from last week’s 5.3%.

Florida Realtors: Fla.’s single-family median price up 21.8% to $410K. Condo median price up 24% to $310K. Higher interest rates and tight inventory slow sales.

Zillow featured the home used for the TV show “Full House,” only to walk it back and say the property, listed for $37M, wasn’t actually for sale.

A median-priced home was 79% less affordable historically in 1Q 2022, says Attom. But even in Miami, homes are still 50% more affordable than they were in 2006.

The Commercial Real Estate Market Conditions Index factors 25 variables on economic conditions, demographics and more. This year, Orlando topped the list.

Researchers found that the top lower-tax states didn’t have a “major tax,” which helped Fla. move high in rankings since it lacks a personal income tax.

Survey: Thanks to recent stock market gyrations, investors are moving to real estate. They consider it stable and less likely to lose value until things cool down.

Housing starts fell just 0.2% in April, but multifamily starts rose 15.3% to offset the single-family drop. NAHB cites “weaker confidence in the single-family market.”

Buyers feel pressure to lie on mortgage applications as homes become less affordable, and it’s become more prevalent in South Fla., Orlando and Tampa metros.

Listings already include info on a listing’s risk for flooding but going forward, they’ll also have a warning about the potential risk from wildfire damage.

Most of the money goes toward affordable housing, but it’s also used for other HUD housing programs, such as specific aid for some at-risk populations.

At 69, NAHB’s confidence index remained in positive territory, but it dropped 8 points due to rising interest rates, a lack of workers and supply-side issues.

Biden hopes to close the housing supply gap within five years. He announced immediate changes, but the extensive plan requires some congressional action.

Fraudsters troll obituaries seeking homeowners who died, then lie and forge documents to claim ownership, often to the surprise of the actual heirs.

A house’s claim history can increase premiums for future coverage – or even kill a deal if it has issues that cause insurers to consider it an unacceptable risk.

MBA: Demand for adjustable-rate mortgages has reached a 14-year high. At the beginning of the year, ARMs made up 3% of all loans; now it’s 11%.

Real estate historically swings from a buyer’s market to a seller’s market, and early 2022 signs suggest it’s moving toward a more balanced market.

Policies under FedNat Insurance Company and sister companies Maison and Monarch National will cancel in June, according to terms of a consent order.

Florida Realtors’ can’t-miss event Aug. 24-25 offers success strategies, networking and more – like keynote speaker and icon Martha Stewart. Register now.

Online buyers will soon feel as if they’re flying a drone over a potential home. It’s only in a few cities so far, but with plans to expand over time.

Experian says things “are moving in the right direction,” but 2 of 3 lenders note challenges, like a struggle to have the right technology, data and talent.

Citizens, the Fla.-operated “insurer of last resort,” OK’d a $1M settlement with Coral Gables’ Strems Law Firm after alleging its actions pushed up insurance costs.

Some sellers hear about today’s bidding wars and pre-emptively overprice their home, only to feel shame – “What’s wrong with my house?” – if no bids come in.

Documents available in Spanish cover info about the Fair Credit Reporting Act, the Real Estate Settlement Procedures Act and the Truth in Lending Act.

Noting that Anywhere ends in “re” for real estate, Realogy says the new branding will “rename and rebrand the company” and “reinforce our commitment” to the future.

As refinances plummet, lenders seeking new business still follow tighter lending rules, but they’re creating diverse programs, including some for self-employed buyers.

It’s the highest level since 2009 and due, in part, to the Fed’s moves to fight inflation. One year ago, a 30-year, fixed-rate mortgage averaged 2.94%.

REX Homes backed an antitrust suit and NAR counter-sued – but “The American Genius” says multiple signs, including employee interviews, suggest it ceased operations.

Faked online sales and rentals netted a criminal $300K from 45 Fla. families. The scam included fake title companies, websites, title agents and email addresses.

Pending court approval, the $997 million settlement involves developers of an adjacent building, insurance companies and other defendants.

In metros where demand outstrips supply, renter competition has created bidding wars. A few landlords, in turn, ask competitors for their “highest and best offer.”

Know a “green” builder or developer? Urge them to enter: Winners are recognized for building in harmony with the state’s beautiful and sensitive environment.

The Dept. overseeing distribution has helped 386 homeowners to date and is still accepting applications. Funds used so far are about 1% of federal funding received.

Fla. regulators will discuss three property insurers’ requests for rate hikes greater than 20% the week before the Legislature meets to consider industry-wide solutions.

Thanks to inflation, a business-disrupting disaster now costs more money to fix – but a study found that only 43% of businesses have increased insurance limits.

Prediction: Local home prices could drop perhaps 5%-10% in a few U.S. areas with large home price increases that far surpassed their area’s household incomes.

For the first time, Orlando will market business services and commercial growth to tourists, assuming some visitors are also key business decision makers.

With furniture and decorative costs continuing to rise, some builders and existing-home sellers add value by including their existing furnishings with the sale.

An “advisory opinion” says federal laws don’t just protect borrowers from discrimination when applying for a loan – they protect borrowers forever.

The OUR Florida program helps pandemic-hurt families pay rent and utilities, but it’s almost out of funding and won’t accept new applications after May 12.

Money budgeted in Congress’ infrastructure package will subsidize – and in some cases pay for – high-speed internet for rural and lower-income families.

The traditional lifetime moves from smaller to larger homes may be permanently disrupted due to limited amounts of land and rising construction costs.

When pandemic-driven people started looking for bigger, less urban homes, they put a high value on pet amenities, like backyards and durable flooring.

The Federal Reserve no longer considers Covid the biggest threat to the world economy. Now it’s “further adverse surprises in inflation and interest rates.”

Wary buyers and rising interest rates may affect some U.S. markets, but Fla.’s rising demand and lack of construction will probably offset a potential cooldown.

The additional $20M  grant won’t provide direct rental relief – it will fund legal services and representations for families facing eviction.

Realtors should avoid giving tax and legal advice. And when they talk or respond to clients, they should document all their communications.

Dues remain $150 but the Realtor advertising special assessment will increase by $10. 2019 Florida Realtors Pres. Eric Sain is Region 5 vice president.

South Fla. sales of single-family homes priced $1M and up have basically remained stagnant since 3Q 2021 – but still higher than pre-pandemic levels.

For buyers, higher interest rates mean less home for the money. But the market may benefit if those rates create a better balance between the number of buyers and sellers.

Over $31B was invested in RE tech firms in 2021. Looking ahead, metaverse and blockchain technology may have a significant effect on the future of real estate.

Homeownership rates for Asian Americans were at 61.2% in 4Q 2021. Home sales have grown the most among millennial and female Asian Americans.

ATTOM: May, June and July offer seller premiums of 10% or more above market value. The top 15 best days to sell are in the month of May.

Having a baby is often a leading housing decision, prompting new families to buy a home or desire a larger home, according to NAR research.

Google searches: From Jan. 2021 to Jan. 2022, the top trending career search entry was “how to become a real estate agent.” The profession draws job seekers.

The Fed’s 0.5% increase in a key interest rate this week is an aggressive move to slow inflation. But borrowing money to buy or fix up a home will cost more.

Chief Economist Yun told Realtors at Legislative Meetings this week that 2022 has thrown curveballs like “record-low inventory and unyielding inflation.”

Video helps Realtors form connections via social media, which has about 4.62B active users globally. Studies show listings with videos get 403% more inquiries.

NAR Chief Economist: Except for the office market, sectors like industrial, apartments, hotels and retail are up and should do well, especially short-term.

Record-low mortgages below 3% are gone; credit card rates will likely rise along with the cost of an auto loan. Savings accounts might earn a little more.

Experts offer mixed views. Some say moderately priced-home sales won’t slow yet due to low inventory; others expect impacts from stocks to the housing market.

Freddie Mac: Up from 5.1% last week, it’s the highest since 2009. The average 15-year mortgage rate is now 4.52%, up from 4.4%.

CoreLogic: A record high, the annual growth was the largest in the 45-year history of the home price index. Fla. had the highest state home price gain, 31.4%.

Lending Tree survey: 75% say they dislike at least one of their neighbors, either due to noise, rudeness, problem pets, messy yards or ‘weird vibes.’

The Fla. Housing Finance Corp. saw its volume jump in 2021; activity was so brisk that it stayed open 24/7 and increased its housing assistance amounts.

How? Agents can walk their farm area, knocking on doors and introducing themselves in a safe, organized way. Community outreach and Facebook farming work too.

Realtor.com: The combo of higher rates and home prices has made monthly payments quickly climb. That impact is adding an extra $580 to buyers’ monthly expenses.

RE Q&A: Like going into business together, buying a house together works best with a written agreement so all understand risks, rights and responsibilities.

NAR: Fair housing for all and addressing inventory, supply and affordability issues are Realtor priorities this week at the 2022 Legislative Meetings.

NAR: The top 10 areas with highest year-over year gains were midsize and small markets; five were in Fla. Chief Economist Yun expects price appreciation to slow.

A special legislative session starts May 23 to discuss property insurance issues from high reinsurance and litigation costs to insurers’ rising rate requests.

Analysts expect the Fed to raise its benchmark short-term interest rate by a half-percentage point, the sharpest rate hike since 2000, with more soon to follow.

Share info about your expertise, emphasize your value and demonstrate your access to vital marketing and other resources to give sellers peace of mind.

June 1 marks the start of hurricane season. Make a disaster plan now and stock up on supplies like batteries, flashlights, water and more.

Report: 20% of those surveyed said they’d make an offer immediately. Some buyers (56%) are willing to consider a 2nd job to earn more money for a home purchase.

Advocates: Housing opportunities will expand in major cities’ communities of color. Redfin said it prefers to spend money advancing fair housing, not litigation.

Calif., Fla. and other states continue to struggle to keep their homebuilding apace with a growing workforce. This imbalance helps fuel higher home prices.

The judge’s order noted further efforts would be “futile.” Tampa-based Lighthouse Property Insurance’s 27K policies in Fla. will be canceled within 30 days.

Report: The state came in No. 1 for reader feedback, No. 5 for quality of life, No. 8 for affordability and No. 39 for health care.

Seven of the top 10 most profitable areas were in the South, including Fla.’s Navarre Beach, Daytona Beach and Port St. Joe.

ATTOM: Though still at historical highs, profit margins on median-priced single-family home sales fell to 47.2% in 1Q 2022; it was 51.6% in 4Q 2021.

The nation’s GPD shrank at a seasonally adjusted annual rate of 1.4% in 1Q 2022. But U.S. consumers and businesses – the economy’s core – remain healthy.

Lower intro rates from adjustable-rate mortgages may entice more buyers now. The increase coincides with a 1.5 percentage point rise in the 30-year fixed rate.

Houzz: Renovation activity and spending hit their highest rate since 2018. Homeowners report a 20% increase in the median renovation spend, reaching $18K.

Cloud-based options and software like Dropbox or Microsoft365 offer automatic backup and recovery – files are available even if a device is lost or damaged.

NAR recognized 4 winners for making a difference in their businesses and communities as they help expand homeownership to buyers of all backgrounds.

Fla.’s population may grow by 3.5M residents to reach 26M by 2030. A chamber report predicts 1.6M jobs more will be needed and 3M more cars will be on roads.

Americans were slightly less optimistic about current conditions in April, but their attitudes remain more positive about the short-term outlook.

After 7 weeks of increases, the average rate on a 30-year mortgage dipped to 5.1%; a year ago, it was 2.98%. Last week, it was 5.11% – highest since April 2010.

The index has dropped for 5 straight months; it fell 8.2% year-over-year. Chief Economist Yun: It may signal “calmer and normalized market conditions” soon.

New-home sales down 8.6% in March; sales are down nearly 13% from a year ago. Only 14% of March’s new-home sales were below $300K; a year ago, it was 34%.

Reinsurance, the Office of Insurance Regulation and changes to Fla.’s Building Code to improve insurance affordability are among topics for the May 23-27 session.

Index: North Port and Naples are in top 5 of 1Q 2022 emerging housing markets as Fla. continues to attract migration from other states. They were top 2 in 4Q 2021.

Home flippers in Fla. are feeling the impact of a shortage of for-sale homes, rising median prices, supply chain issues and too few subcontractors available.

NAR: Half of agents and brokers surveyed said they helped a client buy or sell a property with green features over the past 12 months, compared to 32% in 2021.

Ideas: Offer superior customer service, ask for and share client testimonials, regularly express gratitude to clients and build a database to keep in contact.

20-city price index: A 20.2% year-over-year gain in Feb; up from 18.9% in Jan. Tampa and Miami were in top 3 cities for highest rate of home-price growth.

Survey: Buyer traffic continues to outpace supply. Realtors report about 5 offers were made on each home sold in March; 57% of buyers offered above list price.

Short answer: It does under some circumstances. Also: If an unexpected big expense comes up, can a condo board pay using money from its capital reserve and replace the funds later?

Part three of a three-part series: Issues surrounding sales of property with tenancies. Part one covered taking a listing, part two the contract language. Issues can also rise regarding closing, however, including some specific concerns.

Insurers that remain are raising prices after the tragic Surfside collapse. Condo associations able to get policy renewals may face 30% to 50% premium increases.

As a seller’s market persists throughout Florida, more buyers enter into back-up contracts. Although the back-up contract rider is short, a few questions regularly drive members to call Florida Realtors Legal Hotline.

Report: 80% of buyers say they now compromise on key features; the most common centers around costs, with 48% paying more than they first expected.

Rising rents, not enough student housing being built and other increasing college costs are causing “a perfect storm” for students in Fla. and other states.

Many insurers offer discounts – some up to 13% – to homeowners with smart-home devices designed to prevent water damage, fire or theft.

Dear Shannon: A listing Realtor told a buyer at their open house about another one of their listings that sounded ideal for them – and the Realtor honestly informed the buyer that waiting to tell their current Realtor might lose them the home. Why is that wrong?

Agents can organize their contacts in their client relationship management tool, generate quality leads and schedule, send and track multiple email campaigns.

The chair sees the job market’s strength as a key driver of rising prices – but it may let employers curtail costs by reducing job openings instead of layoffs.

Housing markets continue to run hot, despite rising interest rates and home prices. Some researchers worry a fear of missing out may be fueling the current trend.

Condo Q&A: A board may apply a disaster plan before, during or after an emergency that includes shutting off elevators, air conditioners, electricity and more.

With inflation up – about $500 higher monthly expenses year-to-year – and living space a top cost, many households are now laser-focused on the price of housing.

As Florida Realtors’ new vice president of public policy, he will oversee the government affairs efforts of the state association and its 225,000 members.

Supply-chain delays and labor shortages slowed new-home builds. In the South, a recent study found a 52% increase in delays before construction starts.

New 2023 forecast: Expect a modest economic contraction in 2023’s second half, but the housing market should help cushion that even if its pace slows a bit.

Agents face challenges, but focusing on their sphere regardless of market conditions can boost business. Make personal calls and send cards to stay in touch.

Study: Over 25% of houses bought by professional rental investors in 4Q 2021 were new-construction properties. In 3Q 2019, they bought 3% of newly built homes.

PropertyShark study: Women can afford to buy alone in only 17 of the 51 largest cities in the U.S. – and one of those cities is Jacksonville.

Filings up 39% in 1Q 2022 over 1Q 2021. Fla. is one of 5 states with highest foreclosure starts in 1Q. But activity still remains below historical levels.

This “lock-in effect” may impact listings moving forward. Higher rates have added about $400 to the average monthly payment on a median-priced home.

This “lock-in effect” may impact listings moving forward. Higher rates have added about $400 to the average monthly payment on a median-priced home.

Florida Realtors technical support service added 4 Realtor groups with nearly 12K new users. In 2021, the Helpline provided tech support for over 113K cases.

This week’s 30-year mortgage rate averaged 5.11%. Owners with locked-in lower rates have less financial incentive to sell; would-be buyers face higher loan costs.

In March, 3.1% of workers who were retired a year earlier are now working, a figure matching the pre-COVID level. Could it help ease the current labor shortage?

Optimize your profile, include your real estate specialties and the areas you cover, use appropriate hashtags for shared content and offer fun polls to take.

Rising rates and supply chain issues impacted single-family starts (-1.7%) and permits (-4.8%). But multifamily starts rose 4.6% and permits were up 10%.

Year-to-year, total U.S. home sales fell 4.5%. NAR’s chief economist says sharply rising mortgage rates and higher inflation is beginning to impact the market.

Florida Realtors: Fla.’s single-family median price up 21.3% to $396.5K. Condo median price up 27.3% to $308K. Rising rates, prices and tight supply impact sales.

Arguing investors are keeping families from being able to buy, some HOAs are trying to cap the number of homes that can be rented out, among other steps.

Some want to age in place, keeping close to family and community. There are also concerns about being able to find and afford another place once they sell.

NAHB/Wells Fargo Housing Market Index: Builder confidence in the new single-family home market fell 2 points to 77 in April; a year ago, it was at 83.

Rising prices and mortgage rates sidelined buyers, even though homes sold at their fastest pace and for more above list price than any other March on record.

HomeLight survey: A rapid rise in equity is encouraging sellers to list their homes and they expect to make a profit; 87% say they expect more than 1 offer.

Dates have yet to be set for the special session, which will have as its “main focus the reform of the property insurance market,” the governor said.

Survey: 65% worry about inflation, 63% rising interest rates and 58% access to capital concerns. Still, investors continue moving forward on projects.

Florida Supreme Court has approved a Florida Bar rule change that alters the Nonlawyer disclosure; this impacts 8 landlord-tenant forms found in Form Simplicity.

For-sale inventory is low, the imbalance of supply and demand is pushing up home prices, “home appraisal gaps” are common and mortgage rates are rising.

First, you need to connect with your audience and build long-term relationships. Post on platforms where your clients are and use content you already have.

MBA: Overall mortgage originations will fall 35.5% from 2021 to $2.58T this year but higher home prices will help fuel a smaller 4% annual growth in volume.

NAHB: Remodeling trends tend to remove the tub and supersize the shower, but 42% of first-time buyers want a shower-tub combo; 30% say it’s essential.

NAHB: Prices of goods used in residential construction are up 8% since 2022 began and up 20.4% year-over-year; but lumber prices are down over 6% to lowest of year.

Higher mortgage rates may soften demand this spring. NAR has forecast home sales to slip 10% in 2022, mostly due to rising rates pricing out would-be buyers.

Redfin: While demand for vacation homes dropped sharply for a 2nd consecutive month in March, such sales are still 13% higher than pre-pandemic levels.

Real estate Q&A: When a foreign national sells property they own in the U.S., a portion of the sale needs to be held back and sent to the IRS by the buyer.

26% of people may be less likely to buy a home this year because of rising interest rates, says a survey forecasting the outlook for homeowners in 2022.

Real estate pros can boost business with personalized happy b-day videos or ones that congratulate homeowners on the anniversary of their home sale.

How? By matching up to $100K to the HCA Equity Down Payment Assistance Fund, helping minorities and low- to moderate-income with down payments and closing costs.

Freddie Mac: That’s up from 4.72% last week; it’s the first time the 30-year FRM has hit 5% in over 10 years amid persistent high inflation.

NAR Chief Economist: The Fed Reserve will be forced to raise interest rates multiple times, pushing mortgage rates up and slowing home sales, price increases.

Gas prices recently reached a 14-year high, and most workers don’t want to return to commutes to the office full time. Employers have options to explore.

NAHB: 10.5% of all single-family homes built in 4Q 2021 were constructed in rural areas, up from 10% in 4Q 2020; for multifamily units, it was 6% vs 4.1%.

The rise is the fastest pace in more than 40 years; costs for food, gasoline, housing and other items are squeezing consumers and wiping out many pay raises.

The state’s insurer of last resort had nearly 818K policies as of March 31, up from 792.6K at the end of Feb., as private insurers drop policies.

The opposite of home staging, some turn to “white boxing” to show property, where everything is removed to an empty space of bare floors and white walls.

Many homebuyers may find the first 48 hours are crucial to either make or break a deal – and often contingencies like taking it “as is” matters, too.

Gallup: 91% of people who now work some hours remotely hope to continue; while a design survey found home buyers seek out bonus rooms and flex spaces.

Bankrate.com: Last week’s average for a 30-year fixed jumbo mortgage was 4.48% vs 4.95% for a conventional loan. Today, $1M is price of entry in some markets.

Latest NAR report finds other obstacles vary by race and ethnicity but include saving for a down payment and competing with multiple offers.

CoreLogic: Investor activity slowed in 4Q 2021 and more investors appear to be holding on to properties longer. Analysts say summer is the time to watch.

Agents should have a consistent online presence on social media, take advantage of positive client testimonials and keep marketing design elements uniform.

The U.S. has recouped 20.4M or 93% of jobs lost in the pandemic, but the Northeast and Midwest are lagging. Fla. recovered all its jobs lost by Oct. 2021.

Realtor.com: 64% of possible sellers intend to list their home by Oct.; a majority of these sellers (49%) are ready to swap starter homes for larger ones.

About half of U.S. adults age 55 and older have only Social Security for income, and the rising cost of rent is forcing more of them into the street.

A research study found that people who drink a 12-ounce cup of coffee “showed significantly enhanced problem-solving abilities.”

In April, 12% of sellers dropped their price compared to 9% one year earlier. It’s too soon to call it a trend, but it suggests prices might soon hit their peak.

In an attempt to counteract Canada’s rising home prices, Prime Minister Justin Trudeau has proposed a two-year ban on purchases by foreign investors.

Strong demand from international buyers – many who find prices and interest rates cheaper here – should largely offset any drop in demand from domestic buyers.

Do you serve once on an HOA’s fining committee, almost like a jury? Or should members be appointed and continue to consider more cases over time?

A University of Fla. study found that a combination of factors contributes to red tide blooms, but human activity has intensified them over the past decade.

According to T3 Sixty, Realogy Holdings ranked No. 1 for sales volume in 2021 with $737.6B, while eXp World Holdings’ sales grew the most – 116%.

A design firm sued a Missouri brokerage, claiming it violated U.S. copyright law because its listings included floor plans – and last week an appeals court agreed.

Both Disney World and Universal Studios say they’re building affordable housing on company-owned land – a total of 2,300 new units for the Orlando area.

A study of Census Data found that 15% of Americans are Black, but their homeownership rate is only 10%. Fla. cities included in the study ranked about average.

Describe the property, not the potential buyer or tenant. “Ideal for empty nesters” or “perfect for students” raises red flags; “easy walk to train” does not.

A 30-year, fixed-rate mortgage rose from last week’s 4.67% – up 1.5% in the past three months, the fastest increase pace over that time period since May 1994.

An aggressive attitude and foreclosure threat against zombie homes’ owners have opened up land for building/rehab – or it’s fed city coffers if owners pay their tax debt.

NAR joined the Remodeling Industry and found a perfect “Joy Score” by owners after painting, adding a home office, installing hardwood or renovating closets.

A Utah one-of-a-kind home was built by women – the “House that SHE built.” Now the group has helped roll out a Girl Scout badge that will be offered nationwide.

A 40-year loan mandates a lot of interest payments and a slow build for equity, but FHA says it will prevent thousands of foreclosures, making that a fair tradeoff.

Tired of using stock photos and seeing the same people on your competitor’s website? New platform allows you to buy – and even sell – a picture as an NFT.

In two Fla. cities, Miami and Tampa, prices rose more than 200% in a little over 20 years – No. 8 and No. 9 in the U.S. for price increase percentages.

A large, seemingly trustworthy property management firm appears to have absconded with HOA money. How can HOAs protect themselves going forward?

Groups can apply for funding that’s dedicated to fair housing education, outreach and enforcement – including fair housing testing and legal aid.

Survey: 44% of Gen Z (18-25) and 35% of millennials (26-41) say they’ll sell their starter home this year. Many have lots of equity and a fear of rising mortgage rates.

Worried buyers wonder how high mortgage rates will go, how fast, and whether inventory levels will ever rise – fears that help push housing prices ever higher.

OUR Florida – a state program that offers help to lower-income, at-risk renters – says it has committed $1.5B so far to help 211,667 rental households.

Even though a preliminary injunction stops an Oregon law banning buyer “love letters” until trial, Rhode Island lawmakers are considering something similar.

Today’s successful buyers are happy they got a home, but some who made trade-offs to win a bidding war have regrets after they move in.

Study: Some uncommon features can boost a home selling prices by a few percent, including a “pot filler” – an above-the-stove water faucet that adds 3.2%.

In honor of Fair Housing month, NAR focused on new and existing programs – everything from podcasts, reports and research to its Fairhaven testing simulation.

Many want to sell and move, but they feel stuck. Some don’t have the income to qualify for a bigger mortgage; others worry about total costs of a relocation.

A business account gives agents a free marketing plan, ad tools and, once rolling, data analytics to help them see how the account is performing.

A condo owner suffered damage after a fire in a nearby unit. Which insurer pays for that, the condo association’s or the personal policy he has on his unit?

Some first-time buyers think they can’t afford a home – but they don’t know where to look. In addition to national and local programs, Fla. offers 3 possible options.

A drop in demand for the sport and uptick in demand for land has pressured more cities to trade golf for housing. For builders, golf course land is usually ideal.

The 2022 hurricane season starts in less than two months, but it’s not uncommon for storms to form before the official start date (June 1) or after it ends (Nov. 30).

LendingTree ranked 50 U.S. metro areas. At No. 24, Miami was solidly average, but property taxes in three other state metro areas ranked from No. 11 to No. 14.

The number of homes flipped in 2021 rose 26% year-to-year, even as the profits on each flip fell 3% – the lowest level since 2008 and a 20% drop in ROI.

The broad goal is to make your product irresistible, and a number of marketing steps can help. In today’s world, a social media presence is also mandatory.

A bill to make homeowners pay roof-replacement deductibles failed, but OIR says it can be an insurer option, such as lower premiums for owners willing to take a risk.

Fla.’s state-backed “insurer of last resort” requested an overall 11% rate hike effective Aug. 1, and regulators spent three hours considering it Thursday.

This April, Realtors celebrate the 54th anniversary of the Fair Housing Act with special events that symbolize their recommitment to expanding equal access to housing. 

Compensation for 98 deaths after the Champlain Towers South collapse must still be determined, but owners will split $83M for property they lost.

Millennials now make up the most homebuyers, and since many move with children in tow, prices in kid-friendly areas are rising faster than the general metro area.

The 2022 survey is based on 2021 data. No. 1 for sides is HomeServices of America Inc. (388,098). For sales volume it’s Compass: $251,019,336,511.

Insurers need an A rating from Demotech, a ratings firm, to remain viable, and Lighthouse Property Ins.’ loss of an A make its future business unlikely.

At 4.67%, this week’s average rate for a 30-year, fixed-rate mortgage is up from last week’s 4.42% and notably higher than 3.18% one year ago.

A new Babcock Ranch home came with an alligator squatter in the main bedroom. The reptile was quickly evicted.

More needs done to fix Fla.’s property insurance market, and the governor expects the Legislature to “have another bite of the apple very, very shortly.”

APMS, the HOA management firm that allegedly stole money, took out a PPP loan, but DOJ is also charging a small business owner who received just $5K.

Florida Realtors economist: You don’t have to be an economist to sound like one. Get CE credit by creating local-data charts and graphs that market your business.

The president’s budget is mainly a request to Congress, but a 34% increase for HUD suggests an emphasis on the need for more affordable housing.

Realtors who specialize in a niche market create a road map for their career. It makes many decisions easier – where to market, how to market, etc.

There’s not enough supply (homes) to meet demand, with little relief in sight. The U.S. needs about 3M more homes, and it will take years for builders to catch up.

Builders once kept up with demand, but Great Recession cutbacks and worker losses created major problems exacerbated by new pandemic-created challenges.

A study of top-demanded and least-demanded items to first-time homebuyers also found that many want hardwood floors – but not cork or bamboo.

Interest rate increases impact mortgages, though indirectly. But Fed rate boosts will also increase the cost of doing business and even maintaining a home.

In a switch from the Fla. sentiment index released the same day, Americans were more optimistic about current conditions in March – but less so about future conditions.

4 of 5 components tracked by UF rose. Attitudes about the one-year-from-now economy saw the biggest gain, even in the face of inflation and rising interest rates.

The increase follows 18.9% in Dec. Top increases in the 20-city index included No. 1 Phoenix (up 32.6%), followed by Tampa (up 30.8%) and Miami (up 28.1%).

A condo board replaced trees with grass and concrete. They cited sidewalk damage, but it changed the common area’s aesthetic. Did they need a vote by owners before doing this?

Claiming he had a “free speech” right to tear down a mansion and build the mid-century modern home of his dreams, a Palm Beach man went to court. He lost in appeals and the U.S. Supreme Court refused to reconsider that decision.

Can guessing lead to an ethics complaint if a buyer later finds out it’s wrong and makes a formal complaint? I thought a nearby development might be a new mall but it was actually a manufacturing plant.

As this seller’s market continues to run wild throughout Fla., many people are asking what laws or contract terms come into play if a seller rejects a buyer’s offer even though it included all the terms the seller requested.

Tenant-occupied property confuses many Florida Realtors Legal Hotline callers. This article should help. It explains a seller’s (landlord) rights and obligations to buyers if a property is sold subject to a tenancy.

Rates likely will continue to rise. An Oct. Bankrate survey says that among homeowners who’ve had a mortgage since before the pandemic, 74% have not refinanced.

Many buyers in Fla. and across the U.S. are feeling the impact of a lack of inventory, competition from investors and rising prices during their home search.

Condo Q&A: While statutes say unit owners have the right to record or videotape meetings with a quorum, the association can adopt reasonable rules about it.

NAR: Social media is a top source of quality leads, say 47% of real estate firms; and 66% of first-time home buyers are millennials, who widely use social media.

Realtor.com: Home sellers may continue to hold the upper hand, but buyers may be more sensitive to price increases; and more inventory could enter the market.

HUD: A 2020 audit found at least 31,500 of the loans that year in designated special flood hazard areas didn’t maintain the required flood insurance coverage.

The pandemic intensified moves to the South and West, increased population in some micro cities and slowed population growth in the biggest U.S. cities.

Survey: Over 73% of Floridians polled say too many people have moved in from out of state, putting pressure on the housing market; 51% are considering leaving Fla.

82% of agents say staging makes it easier for buyers to see the property as a future home, and buyers (46%) say staging the living room is most important.

The units help with housing shortages and are part of a shift toward smaller, more affordable and energy-efficient homes. But municipalities’ rules differ.

RE Q&A: If a tenant is damaging property or breaking the rules, their landlord can be held financially responsible and face fines for the tenant’s actions.

Tight inventory took a toll: Feb. is the 4th consecutive month of decreases for NAR’s pending sales index, which is down 5.4% year-over-year.

Homeowners who renew NFIP flood insurance after April 1 face updated guidelines with new home-by-home prices. But some subsidies and discounts remain in effect.

A group of analysts expressed optimism. LSI called it “robust and promising … not a boom market but a prosperous, dependable market for the time being.”

The DOJ still doesn’t have a regulation standard for ADA website accessibility, but its new webpage explains how businesses can comply under existing standards.

Citizens Property Ins.’s board met Tues. and urged the firm to cut costs. It has $6.5B in reserves but is growing quickly and has more than 800K policies.

A Quicken study found that most buyers (79%) will consider buying a home that has pets, and some even see it as a positive sign about the owner.

The average rate on a 30-year, fixed-rate loan rose a half point in just two weeks, likely due in part to the Fed’s decision to raise the key short-term interest rate.

In the Great Recession, many homeowners tapped into rapidly rising equity, but they’re more cautious today, with HELOC applications dropping 5.5% in 4Q 2021.

Out of 90 HOA bank accounts involved in alleged property-management fraud, 23 were previously closed, and 67 had balances ranging from $180K to zero.

Supply problems and inflation still push up the cost of raw materials, but an end to steel and aluminum tariffs should help offset construction price increases.

The task force’s action plan summarizes changes already announced and general future goals, such as creating new automated valuations that assess value without bias.

In last year’s generational report, millennials made up 37% of homebuyers. Gen X, however, bought the most expensive homes at a median price of $320K.

NAHB says price increases and rising mortgage rates pushed some new-home buyers out of the market. The median sales price hit $400,600, up 10.6% year-to-year.

The two arms of real estate perform the same broad function, but the details differ. Agents often find that one better suits their temperament.

The governor said he’d welcome a special session to handle any unfinished property insurance or condo safety issues, but he won’t call for one.

Analysis: 2021 price increases were “eye-popping,” and in one year, Fla.’s share of the U.S. market grew from 6% (2020) to 6.4% (2021).

The program says the aid covers applications since May 10, 2021. It approved $22.9M so far this month to help 4,219 families pay for rent and/or utilities.

A four-year study of photography costs found an uptick in many areas, though not the Southeast. The national average photo service cost is $229.

Federal Reserve Chair Jerome Powell warned Monday that the Fed could get more aggressive in raising interest rates if inflation continues to be a threat.

Investors stepped up their game this year, buying an estimated 16%-27% of single-family homes, often because they have the strongest financial backing.

Effective July 1, paid medical collection debt won’t be used for credit scores by the three main U.S. scorers, and unpaid debt won’t appear for a full year.

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.

After the condo collapse in Surfside, officials increased oversight of older condos with safety issues. In Miami-Dade that included evictions pending improvements.

The median worker earned about $50K, and the average home made about $52.6K last year, according to Zillow’s home value index.

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?

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.

CFO Jimmy Patronis says the Naples contractors offered homeowners a “free roof” and said they could avoid paying deductibles if they signed “ad agreements.”

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.

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.

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.

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.

Seeing increased demand for off-site, flexible office space, a partnership hopes to find success offering short-term rentals nationwide using an Airbnb-type system.

A disappointing dip in Jan. new-home starts was followed by a surprise surge in Feb. Economists expected about 3.2% growth but starts rose by 6.8%.

The Senate unanimously approved the time change, but now the House and President must also agree – and a few think year-round standard time would be better.

Buyer competition can get heated. In a legally dicey move, a Dallas-area buyer offered a second buyer with a home under contract $50K to cancel the transaction.

The 30-year, fixed-rate mortgage averaged 4.16% this week, a height not seen since May 2019. Last week it averaged 3.85%; a year ago, it was 3.09%.

The first video explains the advantages of a VA loan. The second covers misconceptions and offers solutions to challenges noted by Realtors, buyers and sellers.

The expected interest-rate increase will raise short-term borrowing costs for things like credit cards, and it often has an indirect impact on mortgage rates.

A judge named a receiver for Tampa-based property insurer Avatar Property & Casualty Insurance Co. for “purposes of liquidation.” Avatar has 37K policies.

The index that measures home builders’ attitudes fell below 80 for the first time since last Sept., largely due to supply issues and interest-rate expectations.

Thanks to tight inventory and competition from institutional investors, more first-time buyers set their sights on larger homes with lots of backyard space.

Refinancing has allowed homeowners to tap into built-up equity. If interest rates rise, however, a Home Equity Line of Credit (HELOC) may make more sense.

One Orlando agent entices past clients with a monthly gift basket so they have “no choice” but to remember her. Another has a sales pitch for all fellow dog walkers.

During a virtual White House “listening session” Monday, builders said Canadian lumber tariffs dramatically affect new-home prices and economic stability.

Top producers say 82% of their business comes from referrals, making good, ongoing “thank you’s” perhaps the most effective tool in a marketing arsenal.

On the one hand, Fla. is the No. 1 state for Russian RE investing – 29% of all U.S. purchases. On the other, Russian buyers make up only 0.8% of all foreign purchases.

Rising mortgage rates and home prices have dampened demand for vacation homes. As voluntary purchases, they tend to be more sensitive to market changes.

Investors are expected to keep targeting real estate for attractive returns relative to other asset classes – and increasingly as a hedge against inflation.

The U.S. will spend $2.6B in the next fiscal year to end homelessness, with 328 Fla. agencies receiving anywhere from $10,000 to $3.2 million.

Foreclosures are low and inching their way back to normal, with no post-pandemic impact so far. Still, only Calif. had more than Fla. in January.

To recoup money lost because insurers failed, the Fla. IGA OK’d a 1.3% assessment on all state policies, including homeowners, aircraft, flood, malpractice and more.

“Host, advertise and teach a first-time homebuyer seminar” sounds like a lot of unpaid work, but this group is desperate for info – and someone to represent them.

A Redfin survey of agents found all-cash offers 334% more effective in bidding wars – but escalation clauses and waiving inspection contingencies had little impact.

The second suspect was arrested in a Kissimmee hotel and sent back to Miami-Dade. The first suspect turned herself in earlier; the third is still at large.

Retail websites introduced offers like “4 monthly installments,” and credit score firms may consider them under payment history – but they haven’t done so yet.

Congress passed a bill that keeps government running through the fiscal year. It also extends flood insurance to Sept. 30 and adds $85M to boost fair housing.

Also: Is it OK to suspend voting rights for people who haven’t paid their dues? And: A condo board makes motions and takes votes via email. That’s wrong, right?

North Carolina State University used AI to predict potential flood damage and found 790K square miles have a greater risk than FEMA identifies in its maps.

Foreclosure rates are low and inching their way back to normal, with no post-pandemic impact so far. Still, only Calif. had more than Fla. in January.

In a handful of U.S. metros, studies say it’s cheaper right now to rent – but those studies assume renters must take any savings and invest it rather than spend it.

The “you” everyone loves at parties might not work with every client. Sometimes familiar banter can be misinterpreted or give clients the wrong impression.

RESPA and Regulation X create strict obligations a mortgage servicer must follow – but courts have been tasked to decide which “services” fall under that regulation.

In Jan., 52% of U.S. home sales went to buyers who bid more than list price – and almost 6K U.S. homes have sold this year for least $100K over list price.

Last week, a 30-year, fixed-rate loan averaged 3.76%; two weeks ago, it was 3.89%. Increases are still expected long-term, but the short-term? Not as clear.

Delays can frustrate buyers with mandated deadlines, and slow appraisals could be one of those frustrations due to too many requests and not enough appraisers.

The proposed $83M settlement is for people who lost property and belongings in the condo collapse. Objections can be filed until March 23.

NAR: Orlando and Tampa ranked near the top for middle-income-owner equity increases, though 71% of equity growth went to the high-income group.

The listing price is a strategy, but many sellers think of it as an expectation. Perhaps the toughest mistake? Thinking they can make more as a FSBO.

Cryptocurrency home sales barely have a toehold, and a new exec order from Pres. Biden may change the rules. The order suggests regulation and a U.S.-owned version.

If you pay for a title search, why do you also need title insurance? And if I’ve never heard of anyone that had a title insurance issue, why do I have to buy it?

The company unveiled a new budget-level iPhone SE for $429 and an iPad Air in new colors. Both support the faster 5G connections.

The Texas minority and woman-owned investment firm focuses on creating workforce housing and, so far, has acquired 13K apartments worth roughly $2B.

Sunny Isles, Fla. – “Little Moscow” – has been hot for Russian investors buying luxury homes. But sanctions send a message that investments may not be safeguarded.

Florida Realtors economist: Low interest rates made monthly mortgage payments cheaper, but home price appreciation may be washing out the impact of low rates.

Customers form an impression based on everything they see: clothes, jewelry, office décor. A UF study found laptop stickers enough to form an accurate impression.

While NAR says “love letters” from buyers to sellers may violate the Fair Housing Act, judge says an actual ban violates the U.S. Constitution’s free speech rights.

A Hialeah couple was convicted for a $1.8M house-flipping scam, but detectives also found at least 19 rental-fraud victims from their fake social media ads.

It’s a tight market for buyers and many sellers prefer cash offers. As a result, companies that help buyers present an all-cash offer are thriving.

While “gated community” sounds safe, it doesn’t guarantee homeowners’ security, especially if there are fence holes or easy-access golf courses.

It’s confusing for buyers and renters, but the key is understanding what’s being measured – and whether it’s the median or mean cost being used.

At least a dozen people paid rental deposits on the same house before the three scammers – one posing as a Realtor – took the money and left town.

Buyers who took a chance on a foreclosure or short sale around 2012 have seen values double or quadruple. But if they want to sell, where do they move?

The Naples company accused of embezzling millions of dollars from HOAs didn’t suddenly go rogue, according to a Naples News investigation.

The Rescue Plan money is used for fair housing issues related to the pandemic. In Fla., the Legal Aid Society of Palm Beach County will receive $250K.

45M adults have thin or nonexistent credit scores. For many it’s because they don’t buy things using credit. To secure a mortgage, they should create a paper trail.

JLL Capital Markets: 2021 marked a new record for net-lease transaction volume, which totaled $79.3B – up 39% over 2019 – and the Sun Belt leads the way.

As the state’s population grows, small Fla. towns find themselves changing rapidly as rural infrastructure turns suburban. Central Fla.’s Apopka is the latest.

It’s down to 50 people in NAR’s 30-under-30 contest. Vote online for Kelsey Lohman (Tallahassee), Marcelo Steinmander (Miami Beach) or Moriah Taliaferro (Sarasota).

The Miami-Dade trio pretended one was a Realtor. They lured victims to vacant homes, often put “buyers” through background checks and then asked for a down payment.

As of April 1, 2020, the state had 21,538,187 residents, says the U.S. Census – a 14.6% jump since the previous census. And Fla. turned 177 years old on March 3.

Analysts still expect mortgage rate increases this year due to Fed actions, but investors flock to bonds when they get jittery – and that often lowers mortgage rates.

Traditional mom-and-pop RE investors usually plan long term, but a report suggests that Wall Street-backed buyers will likely sell more quickly.

Tech frustration? Help is a finger-tap away. Florida Realtors Tech Helpline’s new app works on all mobile devices. Find it in Google Play or Apple’s App Store.

While 17.13% of Fla. homes may be vacant, the number is misleading because it includes some vacation homes. Nationally, 16M homes are vacant.

The nonprofit program offers fixed, low-interest business loans to people without wealth and high credit scores, “who have been subject to systematic racism.”

After flirting with 4% in Feb., the 30-year, fixed-rate mortgage dropped lower for the second week, hitting 3.76% from last week’s 3.89%.

An agent’s website must have a strong landing page. Some customers create their “first impression of you,” even though it’s not a face-to-face interaction.

A frustrated teenager forced an HOA gate open with his car. Do his parents pay for damages? Also: Can I nominate myself from the floor for an HOA position?

HUD hopes more multifamily owners will commit to cutting carbon emissions, in part because lower-income communities face a greater risk from natural disasters.

The world’s affluent population – those with $5M-plus incomes – grew 19.8% in 2021. In the U.S. it was 24.8% in both population and wealth, up from 8.1% in 2020.

Study: The average owner moved after 13.2 years in 2021, down from 13.5 in 2020. The reason? Remote work opportunities, low interest rates and rising home prices.

Cities took a hit during the pandemic but are resurging. Analysts say cars will soon self-drive, but buildings will also undergo a radical tech transformation.

Dear Joey: A fellow Realtor told me about a new Standard of Practice, and it sounds like I can’t tell buyers that my service doesn’t cost them anything?

The RESPA violation claim: A selling builder and affiliated title company promised bonuses to agents for successfully referring customers to the title company. Plaintiffs claimed it increased their title insurance costs.

If I return the election ballot, what’s the point of a proxy too? Also: Condo owners with common-element parking spaces should be able to install a vehicle charging station.

Most if not all Florida MLSs provide participants a way to disclose whether their listing agreement for sale or rent contains a dual or variable rate commission arrangement. However, many members don’t fully understand the “dual or variable rate” definition.

Part 1 of 3: An owner wants to sell an investment home occupied by tenants. While this impacts a number of transaction details, the first step is a full discussion with the owner: Is there a lease? What does it say? Are the tenants onboard with the plan?

Condo owners frustrated by alleged embezzlement of funds by their management company weren’t happy with a ruling that limited access to bank records.

Leslie Rouda Smith released a statement expressing Realtors’ “deep concern for Ukraine,” along with a list of three charities if members wish to help.

Fla.’s DEO will distribute the funds to homeowners impacted by COVID-19 for things such as late mortgage payments, defaults, foreclosures and delinquent utility bills.

Florida Realtors’ committees represent the interests of 225K Fla. members. Your opinions count. Your ideas create movements. Volunteer now for a 2023 committee.

A report of luxury home price increases in the world’s top 100 cities finds 5 U.S. cities in the global top 10: San Diego, The Hamptons, Miami, San Francisco and L.A.

The biggest drop came in confidence for making big-ticket purchases, which authors call “not surprising” given inflation’s impact on the state’s residents.

Even experts don’t know what will happen. About half think rising costs and rates will deter buyers, but the other half think more listings will boost demand.

3D homes can be stronger than traditional homes yet take far less time to complete. They’re already offered in Fla., but the industry is still in its infancy.

Stocks and cryptocurrencies lost value, which can impact luxury sales – but a general drop in economic confidence can affect every level of the real estate market.

Technology and smart marketing decisions may attract customer interest, but agents who quickly build rapport with potential clients can land the most deals.

The Fla. Dept. of Financial Services is the receiver for St. Johns Insurance Co, which was declared insolvent. DFS hopes to move policies to Slide Insurance Co.

Fannie/Freddie’s new request for safety info created layers of confusion. Some boards won’t comply fearing lawsuits and banks won’t lend fearing rejection.

Lowe’s says same-store sales rose 5% in 4Q 2021, in part because the housing stock is aging and more frustrated buyers are opting for 30-plus year-old homes.

Which mortgage servicers are consumer friendly? Fannie Mae provides feedback to companies and says 29 have shown a commitment to improving homeownership.

The drive to offer an additional property tax break to people like teachers and the military now goes to the Senate. If approved, it will then be considered by Fla. voters.

A Bloomberg analysis of 100K property records found that big investors bought 20% of homes purchased by iBuyers – and twice that amount in some Sun Belt cities.

Today’s phones are the most expensive tool that people take for granted, yet there are small changes you can make to maximize efficiency and extend their life.

Buyers have difficulty finding a home, says NAR’s chief economist. He won’t be surprised to see demand decline given current “mortgages, home costs and inventory.”

Some buyers camp out overnight to be first in line when a new-home development debuts, and a new Westlake community with 4,500 lots says it’s still not enough.

A CoStar analysis found rising rents across the Sun Belt with Orlando topping the list (up 24.3%), followed closely by Tampa (up 24%).

An automatic appraisal that uses historical data can simply mirror existing discrimination, says the national consumer agency, now reviewing loan algorithms.

New-home sales dropped 4.5% in Jan., but builders say demand remains strong. They blame supply-chain issues that increase costs and slow construction time.

Why does Golfview Harbour have no golf, no view and no harbor? And Hollywood Hills has no hills? Why can’t you go hunting in Woodfield Hunt Club?

A number of economic indicators suggest higher mortgage rates, but competition from refinancing homeowners also declined after rates rose to almost 4%.

The U.S. homeownership rate grew a record 1.3% in 2020 – to 65.5%. It also grew over 10 years for all groups but one: The Black rate dropped to 43.4% from 2010’s 44.2%.

A no-longer “significant other” walked out the door decades ago, leaving behind a condo he co-purchased with a partner who now wants to sell. What happens now?

New Fannie, Freddie mortgage-approval rules require info on a condo building’s soundness. But few boards have easy access to data and often don’t understand it.

In Jupiter, an 8.5-acre single-family lot will be a 20-home development, an opportunity being considered across Fla. as most buildable land moves farther out.

Do you scan 50 new emails and delete 80% of them without reading? Most people do. A simple “subject line” is often key to guaranteeing your emails will be read.

A MoneyGeek study including IRS, state, property and sales taxes listed Fla. as the No. 4 least-expensive tax state. Total tax costs are about 5.6% of total income.

How to maximize short-term-rental profit? To stand out from online competition, more are offering amenities such as themed bedrooms and private arcades.

Buyers can only lose so many bids before “stop trying for now” starts to sound good. Moderating prices result, in part, from buyers deciding to wait.

“Flyover country” is becoming “best place to invest in real estate” country as investors seeking higher yields focus on places like Manhattan, Kansas.

While most Federal Reserve Governors seem to favor a 0.25% March interest-rate increase, one gave a speech suggesting she’d be OK with 0.50%.

The index fell to 110.5 from Jan.’s 111.1. Attitudes about current conditions improved, however, while attitudes about the future were less rosy.

The increase in the top 10 and top 20 cities in S&P CoreLogic Case-Shiller Index’s was slightly less, but Phoenix, Tampa and Miami had highest year-over-year gains.

The Civil Rights Division filed a “statement of interest” in a San Francisco appraisal case where value rose by $500K after removing signs of Black ownership.

A growing number of S. Fla.’s midcentury homes – basic one-story cinderblocks – are being torn down and replaced as the amount of buildable land disappears.

Florida Realtors: Statewide single-family home sales up 1.4% year-over-year, median price up 23% to $375K. Condo sales up 6.7%, median price up 23.9% to $285K.

The nation’s consumer bureau says the public can now submit rule-making petitions directly, and they’ll be posted on public dockets for review and comments.

Multifamily project developers will find it easier to secure FHA loans after the agency eased tough standards introduced early in the pandemic.

However, one size does not fit all. A coaching firm identified five team models: referral agent, partnership, standard team, group and mega group.

Pressured by a fear of rising interest rates, investors and families rushed to buy homes in Jan. as listings remained tight and prices rose 15.4% year-to-year.

Problem with a home? Take a photo, circle it and send. iPhones also have built-in levels – and Facetime can make it look as if you constantly hold eye contact.

In response to climate change and rising seas, Miami-Dade County may double buildings’ minimum elevation requirements, increasing the cost of new housing.

Home prices, inflation and rising interest rates will soon create a balance in the housing market, say FAU researchers, though prices will remain high.

Florida Realtors will back a proposed state constitutional amendment that gives front-line workers, such as police and teachers, a property tax break.

Fla. has over 400 Opportunity Zones to create affordable housing and encourage development, but rising prices and demand have dampened their impact.

Freddie Mac has a new “automated method” to analyze incomes based on direct deposits. Up to 93% of borrowers could see a quicker loan-process timeline.

It’s been almost two years since a 30-year, fixed-rate mortgage averaged 3.92% (May 2019 at 3.99%). One year ago, the 30-year FRM averaged 2.81%.

On Feb. 9, the U.S. Treasury OK’d Fla.’s plan to distribute federal money to help homeowners, though the state has not yet released its distribution plan.

While the number of housing starts declined 4.1% compared to Dec., the number of building permits – indicators of future housing-start numbers – rose 0.7%.

While Facebook still dominates marketing, it’s losing share to LinkedIn, at least within the real estate industry. And TikTok appears to be on the rise, too.

Feb.’s confidence index fell another point. It’s a still-strong 82, but “many builders wait months to receive cabinets, garage doors, countertops and appliances.”

Cities in Florida, New York and New Jersey are seeing steep jumps in rent. Austin, Texas had biggest 1-year gain, 40%; rent in Orlando rose 30%.

Micro apartments are about two-thirds the size of a regular apartment but also cost less money, which could make them a hot option for downtown urban areas.

Online videos may make up over 82% of all consumer internet traffic, so it’s key to use a good camera, microphone and have proper lighting.

Condo Q&A: The answer may depend on what type of meeting is being held, if it’s a regular board meeting or involves a special assessment or other issue.

Groundworks: 78% of 978 owners recently surveyed say they’re worried about foundation damage to their home; 25% say they’re rather sell than fix those issues.

As St. Johns Insurance and Lighthouse Property Insurance Corp. announce the decisions, state lawmakers consider proposals to address the troubled industry.

Real Capital Analytics: Foreign investors have shifted focus a bit from major cities, but the $70.8B invested in 2021 is the highest total since 2018’s $94.6B.

It’s hard for some current Fla. residents to compete with new ones. In Miami, the average newcomer can spend 25.1% more – but in Jacksonville, it’s only 1.7%.

The pandemic caused American workers to question their jobs and what they do every day – and Google says the top new-job search term is “real estate agent.”

While Federal Reserve members seem ready to raise interest rates in March, they don’t fully agree on how much. Some think it’s time for a strong message.

Florida Realtors economist: Fla.’s business focus landed 4 cities (Orlando, Miami, Tampa, Jacksonville) in a “top 15 best places to start a business” list.

Report: Zillow Group said on Feb. 10 that it lost $528M in 2021, primarily because its iBuyer division, Zillow Offers, shut down with an $881M loss.

Moving is a coordination nightmare, and one of a million details can get lost in the shuffle. If nothing else, however, technology can help organize data.

Also: Do standing committees have to post notices of any meeting? And does failing to post a meeting/agenda info within 48 hours violate the Sunshine laws?

Some renters saving for a down payment and unable to buy find that recent rent increases are eating away at savings and forcing them to stay where they are.

An emerging deal announced last week might settle on $83M for people who suffered economic losses after Surfside’s Champlain Towers collapse.

New homebuyers often need furniture, drapes and appliances after they close, but those costs are up over 15% due to supply-chain issues.

Is the TV listening to me? Could a company get hacked and leak my doorbell videos? Smart devices make life easier but also make some people uncomfortable.

While 67% of metro areas in NAR’s 4Q report saw double-digit price growth, it’s down a bit from 78% in 3Q; two Fla. metros rank at the top for rising prices.

Love and marriage once drove home sales, especially for first-time buyers, but a survey finds 1 in 3 buyers today (31%) is single – 41% for adults age 18 to 34.

Some Fla. buyers signing a contract for a newly constructed home are being forced to pay a higher amount later or, in some cases, seeing their contracts cancelled.

The pandemic continues to influence demand for outdoor amenities, bigger homes and the suburbs. But all ages still like laundry rooms and walk-in pantries.

Help is here for Realtors working with a great charity that can benefit from expert advice and seed money. Volunteering Works supports members dedicated to public service.

Pressured by high repair costs, more owners of older condos may welcome developer buy-out offers if the land’s value outweighs that of all the individual properties.

To avoid fraud, the IRS said it would require photos for tax confirmation – but privacy advocates and some lawmakers fear online storage of biometric info.

Rural homes – often a top pick for remote workers – may not have fast internet capabilities, which can ding the sales value. But buyers still have options.

After three fairly calm weeks, the average rate for a 30-year, fixed-rate mortgage rose to 3.69% from last week’s 3.55%.