In The News

Fake Calif. Realtor scams undocumented buyers

Thu, 18 Apr 2019 14:30:03 +0500

The scammer offered undocumented residents a scheme to help them buy a home and then absconded with the money they gave her for a downpayment.


First-time buyers biggest stress? Affordability

Wed, 17 Apr 2019 13:18:38 +0500

LendingTree asked people considering their first home about their top concerns, and a lack of inventory below $150K is driving many to consider fixer-uppers.


Report: 'Underinsurance' rampant in disaster-prone areas

Tue, 16 Apr 2019 14:53:40 +0500

Reconstruction costs rose up to 7.6% between 2016 and 2018, and many Fla. homeowners might have less insurance than they need if a major disaster occurs.


CoreLogic study: Do owners fare better than renters?

Fri, 19 Apr 2019 13:11:23 +0500

The rent index jumped 36% in 13 years (2005-2018) while the typical mortgage payment fell 4%. Without fixed monthly costs, renters spend more on housing.


Mortgage rates increased this week – 30-year at 4.17%

Thu, 18 Apr 2019 14:37:13 +0500

The week-to-week increase was .05%, and it's still good news for homebuyers. One year ago, the FRM averaged 4.47%.


How much can you save going solar? Google tells you

Wed, 17 Apr 2019 13:11:15 +0500

Google maps has a new tool. Homeowners type in an address and get a map, personal solar analysis including savings and a cost estimate to install solar panels. Check now.


NAR tool a clearinghouse for Realtor safety threats

Tue, 16 Apr 2019 14:45:20 +0500

One third of Realtors say they've faced some type of safety threat in the field, according to NAR's latest Member Safety Report. In response, NAR is making it easier for members to alert each about potential threats through a new Realtor Safety Network.


'Be inspired, leave empowered!' – Women in Real Estate 2019

Wed, 17 Apr 2019 13:10:40 +0500

Want to become a leader in the real estate industry? Join fellow female Realtors in Davie on June 5 for Florida Realtors' Women in Real Estate Conference. Discover more.


NY Fed study finds that tax reform impacts RE market

Wed, 17 Apr 2019 13:17:38 +0500

According to New York Federal Reserve Bank economists, capital costs after the 2017 Tax Cuts and Jobs Act appear to have increased from 1% to 5% for homes if the amount borrowed for financing exceeds $750K – one variable leading to the current slowdown


How to make a million dollars in real estate investing

Tue, 16 Apr 2019 14:52:57 +0500

A 34-year-old Illinois firefighter bought his first house right out of college and now owns and manages 93 rental properties with an eight-figure total value. He does all rehab work and says his wife, a real estate agent, is the key to his success.


Fla. Senate and House line up on 'AOB' overhaul

Thu, 18 Apr 2019 14:36:11 +0500

While not assured, the Florida Legislature appears closer to finalizing property insurance assignment-of-benefits reform this year after failing to do so in previous sessions. The sponsor of a Senate bill says it's now in agreement with the House.


Zillow Group sued for inaccessible website

Fri, 19 Apr 2019 11:53:10 +0500

Fla. Realtors data: Active listings inventory up; year-over-year median prices up 1.3% for single-family homes, 4.7% for condo-townhomes. In good news for buyers and sellers, Fed indicates no interest rate hikes for a while, says Chief Economist O'Connor.


Real estate crowdfunding going mainstream

Wed, 17 Apr 2019 13:17:00 +0500

"The initial stigma of crowdfunding is long gone and everyone in our industry ... recognizes it as a viable source of capital raises." – Denholtz Associates pres.


Florida Legislature: Update for the week ending April 12

Tue, 16 Apr 2019 14:50:03 +0500

Positive milestones: The House AOB bill passed with a 96-20 vote, and the Senate might vote soon. Open/expired permits and remote notary bills also advanced.


Housing starts decline in March

Fri, 19 Apr 2019 13:10:33 +0500

Starts fell 0.3% from a downwardly revised Feb. reading. Multifamily stayed constant; single-family declined 0.4% but rose 1.5% in the South, which includes Fla.


HUD proposes banning illegal immigrants from public housing

Thu, 18 Apr 2019 14:34:58 +0500

The controversial plan would cancel Clinton-era regulations that allowed illegal immigrants to sign up for assistance without having to disclose their status.


T3 Sixty report: 1 in 3 Realtors works in only 3 states

Thu, 18 Apr 2019 14:33:34 +0500

Fla. is 2nd for number of members after Calif. and 33.5% (with Texas) of all Realtors working in 3 states. If the Miami Assoc. was a state, it would be No. 8.


Survey: Most boomers and Gen X don't plan to downsize

Wed, 17 Apr 2019 13:16:00 +0500

A recent survey by MKM Partners found that that a majority of younger baby boomers and older Generation X-ers aren't planning to downsize with their next move.


Builder confidence edges higher in April

Tue, 16 Apr 2019 14:47:48 +0500

Builder confidence is well above the 50-point level that's neither positive nor negative, but they say a "chronic shortage" of workers and lots holds them back.


Central Florida cities among fastest growing in U.S.

Fri, 19 Apr 2019 13:09:32 +0500

Census Bureau: Orlando added 60K residents last year and Tampa added 51K. As a percentage of current population, Lakeland and The Villages showed strong growth.


More homes go solar to save money, protect environment

Wed, 17 Apr 2019 13:14:50 +0500

Over the past six years, solar energy capacity has more than doubled in 45 of 57 largest U.S. cities – enough electricity to power nearly one in every 11 homes


HUD publishes Opportunity Zone implementation plan

Thu, 18 Apr 2019 14:31:18 +0500

The report focuses on economic development, entrepreneurship, safe neighborhoods, education and workforce development, and measurement.


Digital hacks to make your life a little easier

Tue, 16 Apr 2019 14:47:07 +0500

Adopting one small tech trick for a task done every day can save a lot of time or stress – but only if you know that the trick exists in the first place.


Quicken will consider rental income for mortgage refi

Fri, 19 Apr 2019 13:08:38 +0500

The online lender partnered with Vrbo, an Airbnb competitor. If owners rent rooms or full homes using Vrbo, Quicken will consider that income in a refi decision.


Think the housing crisis was bad? The 1920s were worse

Fri, 19 Apr 2019 13:07:49 +0500

Fla. history: Plots of unseen swampland were sold over and over for more and more money until we "ran out of suckers." And a trio of hurricanes didn't help.


Help a Fla. builder be the 'ENVY' of all

Fri, 19 Apr 2019 13:06:40 +0500

Spread the word: Florida Realtors wants 2019 ENVY Award entries, the top honor for projects designed in harmony with the environment. The deadline is Tuesday, July 9, 2019.


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