Author Archives: walker

30-year mortgage rates dropped a bit last week

The 30-year FRM averaged 3.92% last week in a slight drop, but the average rate on 15-year mortgage rose a bit to 3.32%.

The 30-year FRM averaged 3.92% last week in a slight drop, but the average rate on 15-year mortgage rose a bit to 3.32%.

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.

HUD grants Florida $616M for Hurricane Irma recovery

The grant provided through HUD’s Community Development Block Grant – Disaster Recovery Program will help repair damaged homes, businesses and infrastructure.

The grant provided through HUD’s Community Development Block Grant – Disaster Recovery Program will help repair damaged homes, businesses and infrastructure.

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.

Facebook test finds that it’s still easy to discriminate

While Facebook said it would do more to follow Fair Housing rules, a ProPublica test found that it’s still easy to avoid showing listings to protected groups.

While Facebook said it would do more to follow Fair Housing rules, a ProPublica test found that it’s still easy to avoid showing listings to protected groups.

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.

What are homeowners’ rights regarding internet?

Condo QandA: What if we like our personal internet provider but our HOA wants an all-unit contract? Also: What if a resident dies owing past-due condo fees?

Condo QandA: What if we like our personal internet provider but our HOA wants an all-unit contract? Also: What if a resident dies owing past-due condo fees?

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. consumer confidence improved again

Americans feel pretty good about the economy. The Consumer Confidence Index improved in Oct., and it increased even more to 129.5 Nov.

Americans feel pretty good about the economy. The Consumer Confidence Index improved in Oct., and it increased even more to 129.5 Nov.

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.

NAR approves Senate’s choice for new FHA head

On Tuesday, the Senate Banking Committee voted today to confirm Brian Montgomery as the next commissioner at the Federal Housing Administration.

On Tuesday, the Senate Banking Committee voted today to confirm Brian Montgomery as the next commissioner at the Federal Housing Administration.

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.

Floridians’ optimism switches gears: Up 1.9 points in Nov.

After three months of declines, consumer sentiment among Floridians rose to 96.7 in Nov. with optimism about next year’s economy leading the way.

After three months of declines, consumer sentiment among Floridians rose to 96.7 in Nov. with optimism about next year’s economy leading the way.

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.

Sept. U.S. home prices rise most in 3 years

SandP CoreLogic Case-Shiller index: The national home price index rose 6.2% year-to-year, lifted by a record-low supply of houses for sale.

SandP CoreLogic Case-Shiller index: The national home price index rose 6.2% year-to-year, lifted by a record-low supply of houses for sale.

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.

New-home sales jump 6.2% in October

Americans bought new homes at the fastest pace in a decade – a 6.2% monthly increase that reflects both economic strength and a growing shortage of listings.

Americans bought new homes at the fastest pace in a decade – a 6.2% monthly increase that reflects both economic strength and a growing shortage of listings.

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.

NAR: Pending home sales rebound 3.5% in Oct.

Pending home sales rebounded strongly after three straight months of diminishing numbers, probably due to a bump in post-Hurricane Irma activity in the South.

Pending home sales rebounded strongly after three straight months of diminishing numbers, probably due to a bump in post-Hurricane Irma activity in the South.

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.

Why does a new owner owe a full year’s property taxes?

Real estate QandA: A new homeowner is confused. He moved into his home in Sept. and got a tax bill for the full year in Nov. Does that make sense?

Real estate QandA: A new homeowner is confused. He moved into his home in Sept. and got a tax bill for the full year in Nov. Does that make sense?

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.

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.

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.

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.

Long-term mortgage rates slip for second week

The rate on a 30-year, fixed-rate mortgage slipped to 3.9%, but the 5-year adjustable rate rose after ‘bullish comments on the economy’ by Fed chair Janet Yellen.

The rate on a 30-year, fixed-rate mortgage slipped to 3.9%, but the 5-year adjustable rate rose after ‘bullish comments on the economy’ by Fed chair Janet Yellen.

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.

What’s on the line as Senate eyes tax reform?

NAR says the Senate version of tax reform could lower home values by 10% because it gets rid of the property-tax and mortgage-interest tax deductions, which are savings currently built into the selling price of every home in America.

NAR says the Senate version of tax reform could lower home values by 10% because it gets rid of the property-tax and mortgage-interest tax deductions, which are savings currently built into the selling price of every home in America.

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.

2018 forecast: Higher inventory and slower price gains

Realtor.com predicts buyers will gain a foothold in the market next year. It ranks the Daytona Beach area No. 3 nationwide for expected overall price and sales growth, and it ranks all Fla. metros in at least the top third for expected market growth.

Realtor.com predicts buyers will gain a foothold in the market next year. It ranks the Daytona Beach area No. 3 nationwide for expected overall price and sales growth, and it ranks all Fla. metros in at least the top third for expected market growth.

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.

Great American Realtor Days – You’ve got to go

What should lawmakers understand about Fla. real estate? Realtors will travel to Tally Jan. 9-11 to tell them during Great American Realtor Days. Registration is now open.

What should lawmakers understand about Fla. real estate? Realtors will travel to Tally Jan. 9-11 to tell them during Great American Realtor Days. Registration is now open.

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.

Unique closing gift? Buyers may like a photo shoot

Younger buyers share more online, and a new-home purchase could spark an appreciation for professional pictures as the owners enjoy a major life event.

Younger buyers share more online, and a new-home purchase could spark an appreciation for professional pictures as the owners enjoy a major life event.

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.

USF: What do buyers dislike about a neighborhood?

The 2017 Sunshine State Survey asked respondents to judge the livability of their own and pinpoint the things that would deter potential buyers. At the top of the turn-off list? Nearby traffic congestion.

The 2017 Sunshine State Survey asked respondents to judge the livability of their own and pinpoint the things that would deter potential buyers. At the top of the turn-off list? Nearby traffic congestion.

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.

Don’t ask customers to review you on Yelp

Most online reviewers ban paid content, but Yelp won’t even allow you to ask clients for feedback. If Yelp finds out you did, it could lower your ranking.

Most online reviewers ban paid content, but Yelp won’t even allow you to ask clients for feedback. If Yelp finds out you did, it could lower your ranking.

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.

Facebook to block ads that exclude racial, ethnic groups

The move stops advertisers from excluding racial and ethnic groups – a response to allegations its “multicultural affinity marketing” illegally discriminates.

The move stops advertisers from excluding racial and ethnic groups – a response to allegations its “multicultural affinity marketing” illegally discriminates.

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.

Flood insurance splits Congress as Dec. 8 expiration looms

Lawmakers focused on flood insurance and moved closer to agreement, but as time draws down, more observers expect another delay rather than major policy changes.

Lawmakers focused on flood insurance and moved closer to agreement, but as time draws down, more observers expect another delay rather than major policy changes.

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.

Conforming loan limits will go up almost $30K in 2018

Last year, mortgage loan limits accepted by Fannie and Freddie rose only slightly for the first time in a decade – but they’ll top out at $453,100 next year.

Last year, mortgage loan limits accepted by Fannie and Freddie rose only slightly for the first time in a decade – but they’ll top out at $453,100 next year.

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.

New marketing tool: Facebook Click-to-Messenger ads

When potential clients click an ad, they usually go to your website or some kind of passive opt-in form, but with the new tool they can message you directly.

When potential clients click an ad, they usually go to your website or some kind of passive opt-in form, but with the new tool they can message you directly.

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.

FREC close to creating team advertising rules

On Wed., Dec. 20, the Florida Real Estate Commission (FREC) will discuss – and perhaps approve – new team-advertising rules for Fla. licensees during its monthly meeting. The latest version of the proposed rule is posted on

On Wed., Dec. 20, the Florida Real Estate Commission (FREC) will discuss – and perhaps approve – new team-advertising rules for Fla. licensees during its monthly meeting. The latest version of the proposed rule is posted on

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.

What will happen to Dodd-Frank rule enforcement?

The CFPB has issued real estate consumer rules more than once, but its future is now unclear as the current director steps down amid a fight for his replacement.

The CFPB has issued real estate consumer rules more than once, but its future is now unclear as the current director steps down amid a fight for his replacement.

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.

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.

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.

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.

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.

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