In The News

Reminder: Hurricane Prep Tax ‘Holiday’ Begins Friday

Tue, 26 May 20 14:05:46 +0500

Many hurricane-related items are sales-tax free May 29-June 4, notably generators costing up to $750. Retailers hope the “holiday” will also reenergize their businesses.

USDA Has $16B for Farmer and Rancher Pandemic Aid

Tue, 26 May 20 14:05:25 +0500

The pandemic disrupted some agricultural businesses, and the $16B Coronavirus Food Assistance Program offers aid to any Fla. farmer or rancher affected.

New-Home Sales Post Surprising Gain in April

Tue, 26 May 20 14:05:23 +0500

A 0.6% increase in new-home sales isn’t much, but it suggests that a healthy number of potential buyers are still ready to move forward on their plan to buy a home.

Fla. Approves 63% of Counties for Vacation Rentals

Tue, 26 May 20 14:05:41 +0500

As of Tuesday morning, Fla. DBPR approved plans for 42 counties to safely reopen vacation-rental properties – an increase from 26 counties last Friday.

Consumer Confidence Bouncing Back after Pandemic Low

Tue, 26 May 20 14:05:25 +0500

Things are getting a better, at least in consumers’ minds. The May confidence index rose to 86.7 from April’s 85.7, and while the component for current conditions fell 1.9 points, future expectations rose 2.6 points. According to the report, the “free fall stopped in May.”

Case-Shiller: March Home Price Gains Highest In a Year

Tue, 26 May 20 14:05:19 +0500

Sales fell in March but prices rose 3.9% – an increase from 3.5% the month before. The 10% drop in March inventory likely helped push prices higher.

City Dwellers Headed to the Suburbs After Pandemic? Maybe?

Fri, 22 May 20 14:05:41 +0500

It’s too soon to tell, but suburban living with more open space, bigger lawns and room to stretch out could lure current urbanites to move in the wake of COVID-19.

Short-term Rentals Down Amid Pandemic

Fri, 22 May 20 14:05:07 +0500 Some owners may be pivoting to longer-term, seasonal rentals. In the 100 largest metro areas, furnished and seasonal rentals are up 21% since Feb.  

U.S. Long-Term Mortgage Rates Ease; 30-Year at 3.24%

Fri, 22 May 20 14:05:37 +0500

It’s the 4th straight week that the 30-year home loan stayed below 3.30%; the average rate on the 15-year fixed-rate mortgage slipped to 2.70%.

Homebuilders Climb Even as Housing Outlook Remains Cloudy

Fri, 22 May 20 13:05:56 +0500

As builders reported quarterly results, many said business was going great until mid-March, when the coronavirus shutdowns began. But several also say business started to improve by mid-April.

Fed Chair Says Economic Forecasts Filled with Uncertainty

Fri, 22 May 20 13:05:26 +0500

While it’s hard to predict what’s next with the pandemic, it’s also unclear how people will react as lockdowns aimed at limiting the virus’s spread are lifted.

Is Your Website Bringing in Business?

Thu, 21 May 20 15:05:24 +0500

Real estate pros need to drive people to their websites. But it can be challenging to create the perfect website, find the right content and keep it updated.

Virtual Tours, Patience Can Pay Off for Homebuyers Now

Thu, 21 May 20 15:05:26 +0500

Despite the pandemic, homebuyers are continuing their home search by options like online open houses where they can Zoom or FaceTime with Realtors in real time.

NAR: Existing-Home Sales Down 17.8% in April from March

Thu, 21 May 20 15:05:41 +0500

Existing-home sales dropped in April for the second consecutive month, due to the COVID-19 pandemic and resulting economic lockdowns, says NAR Chief Economist Yun.  

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