Monthly Archives: November 2017

2017 hurricane season has ended – but issues linger

It’s official: The storm threat officially ended at midnight, but Floridians will feel its impact for years as lawmakers scramble to cover losses in the 2018 state budget and Floridians deal with Hurricane Irma’s physical and emotional impact.

Source: Association News: Reprinted with permission Florida Realtors. All rights reserved.
Reprinted with permission Florida Realtors. All rights reserved.

Brokers: Leverage your influence to help shape policy

NAR’s Broker Involvement Program: Agents are 5 times more likely to respond to a legislative CFA from their broker. Ask agents to join NAR’s Call for Action today.

NAR’s Broker Involvement Program: Agents are 5 times more likely to respond to a legislative CFA from their broker. Ask agents to join NAR’s Call for Action today.

Click here for full article: Florida Association of Realtors(R) and National Association of Realtors(R)Economics: Copyright NATIONAL ASSOCIATION OF REALTORS®. Reprinted with permission Florida Realtors. All rights reserved.

Empty nesters are lured to apartment life

Multifamily developers are focusing on baby boomers now rather than millennials. Between 2009-2015, the number of renters older than 55 increased by 28% or 2.5M.

Multifamily developers are focusing on baby boomers now rather than millennials. Between 2009-2015, the number of renters older than 55 increased by 28% or 2.5M.

Click here for full article: Florida Association of Realtors(R) and National Association of Realtors(R)Economics: Copyright NATIONAL ASSOCIATION OF REALTORS®. Reprinted with permission Florida Realtors. All rights reserved.

U.S. existing-home sales grow 2% in Oct. from Sept.

NAR: It’s the strongest pace since June, but continual supply shortages led to fewer closings year-over-year for the second straight month – 0.9% below Oct. 2016.

NAR: It’s the strongest pace since June, but continual supply shortages led to fewer closings year-over-year for the second straight month – 0.9% below Oct. 2016.

Click here for full article: Florida Association of Realtors(R) and National Association of Realtors(R)Economics: Copyright NATIONAL ASSOCIATION OF REALTORS®. Reprinted with permission Florida Realtors. All rights reserved.

Hurricanes shed light on inadequate insurance

Officials reported only 15% of the 1.6M homes in Houston had flood insurance, while FEMA noted that, in Fla.’s coastal counties, 42% of homes have flood insurance.

Officials reported only 15% of the 1.6M homes in Houston had flood insurance, while FEMA noted that, in Fla.’s coastal counties, 42% of homes have flood insurance.

Click here for full article: Florida Association of Realtors(R) and National Association of Realtors(R)Economics: Copyright NATIONAL ASSOCIATION OF REALTORS®. Reprinted with permission Florida Realtors. All rights reserved.

Fla.’s home sales, median prices rise in October

Florida Realtors data: Hurricane Irma’s impact on state’s housing market resolved by month’s end. Single-family sales up 2% over a year ago, median price up 7.1%. Condo sales up 2.2%, median price up 5.2% over Oct. 2016.

Florida Realtors data: Hurricane Irma’s impact on state’s housing market resolved by month’s end. Single-family sales up 2% over a year ago, median price up 7.1%. Condo sales up 2.2%, median price up 5.2% over Oct. 2016.

Click here for full article: Florida Association of Realtors(R) and National Association of Realtors(R)Economics: Copyright NATIONAL ASSOCIATION OF REALTORS®. Reprinted with permission Florida Realtors. All rights reserved.

7 habits of highly effective real estate agents

Some of the seven habits of highly effective real estate pros include expanding their network, staying top-of-mind with leads and generating referrals.

Some of the seven habits of highly effective real estate pros include expanding their network, staying top-of-mind with leads and generating referrals.

Click here for full article: Florida Association of Realtors(R) and National Association of Realtors(R)Economics: Copyright NATIONAL ASSOCIATION OF REALTORS®. Reprinted with permission Florida Realtors. All rights reserved.

More vets, military members using VA loans for homes

Because of the program’s affordability, a total of 740K VA loans were made last year – a record for a single year and up more than 300K from three years ago.

Because of the program’s affordability, a total of 740K VA loans were made last year – a record for a single year and up more than 300K from three years ago.

Click here for full article: Florida Association of Realtors(R) and National Association of Realtors(R)Economics: Copyright NATIONAL ASSOCIATION OF REALTORS®. Reprinted with permission Florida Realtors. All rights reserved.

Florida Realtors gives thanks

On Thursday and Friday, Florida Realtors’ offices will be closed for Thanksgiving. Florida Realtors News, the Tech Helpline and Legal Hotline will return on Monday.

On Thursday and Friday, Florida Realtors’ offices will be closed for Thanksgiving. Florida Realtors News, the Tech Helpline and Legal Hotline will return on Monday.

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Why aren’t more homeowners becoming sellers?

Survey: Many homeowners want to sell but they don’t want to buy, and the recent volatile market has made them skittish. As a result, they control today’s market on both sides, and “reassuring these individuals is the key to unlocking inventory.”

Survey: Many homeowners want to sell but they don’t want to buy, and the recent volatile market has made them skittish. As a result, they control today’s market on both sides, and “reassuring these individuals is the key to unlocking inventory.”

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Realtors square up after House passes tax bill

NAR Pres. Elizabeth Mendenhall says, “the real work to shape this debate is just getting started.” NAR calls the bill a tax hike on many middle-class homeowners and says it would lower property values for all homeowners.

NAR Pres. Elizabeth Mendenhall says, “the real work to shape this debate is just getting started.” NAR calls the bill a tax hike on many middle-class homeowners and says it would lower property values for all homeowners.

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Call for Action: Don’t harm Fla.’s vacation-home buyers

If tourists buy a second home now, they qualify for the IRS mortgage-interest deduction. But next year? maybe not. Tell Congress to protect our second-home owners. http://www.floridarealtors.org/callforaction

If tourists buy a second home now, they qualify for the IRS mortgage-interest deduction. But next year? maybe not. Tell Congress to protect our second-home owners. http://www.floridarealtors.org/callforaction

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