– Buyers catch a break: Mortgage rates drop to 4.83% Rates remain near seven-year highs, but the drop from last week’s 4.86% offers a bit of relief after market anxiety over rising interest rates. Fla.'s home sale, median prices, new listings up in 3Q Existing single-family home sales up...
– Last-minute wire transfer scams target home sales Savvy buyers sometimes get taken in by scammers, but this time a pair of SW Fla. sellers lost a $450K payment and, over a year later, have not gotten it back. Home prices still rising rapidly in a few Fla. metro...
– Case-Shiller: Home price gains slow for 5th month Prices continue to move higher every month, but the rate of increase appears to be slowing. In Aug., it was 5.5% higher year-to-year; in July, it was 5.9%. Listing a haunted house? Millennials won't care Don’t believe in ghosts? Some...
– Opendoor's co-listing program could offer opportunities How will the new cash-offer trend play out? It’s unclear – but one of the biggest, Opendoor, says it will start testing a co-listing program with outside agents. NAR buyer/seller study: Women a force, first-timers struggle The Profile of Home Buyers and...
– Study: 2 out of 3 buyers don't shop around for a mortgage Many buyers fear the mortgage process, but they’d save money and learn more about loan options if they ignored their fears and requested at least two quotes. Millions of Fla. properties impacted if Amendment 2 fails...
– Average mortgage rates edge up – 30-year at 4.86% Home borrowing rates remain at their highest levels in more than seven years as the key 30-year FRM gets closer to 5%. Dear homebuyers: If you want to save money, act now Even if home prices stabilize, interest rates...
– New-home sales slump – 4th straight month New-home sales dropped 5.5%. Builders once assumed a stronger economy would help, but the 7.1-month new-home inventory is the highest level since March 2011. Pres. OK's reservoir to fight green algae, funding iffy A planned reservoir south of Lake Okeechobee would...
– Crowdfunding could radically change commercial RE investing Direct consumer lending could one day allow investors to pick individual projects and personalize their portfolio similar to stock investing today. Buying a home? You may have leverage soon When will the current seller’s market end? In mid-2019, according to the...
– Fla. small businesses, economy to suffer if Amendment 2 fails According to a TaxWatch study, Fla. faces a $700 million tax increase if Amendment 2 fails – and most of that tax burden will be shouldered by small businesses. Florida's 2018 profile of international real estate activity Florida...
– Freddie survey: Renters think homeownership costs more 4 out of 5 renters believe renting is more affordable than owning – an 11 point increase in only six months – even though their monthly costs continue to go up. Mortgage shopping saves Fla. buyers up to $1,300 per year...
