Fla. Sale: 50% Off Parks and Sports Licenses

The “Great Outdoors Initiative” encourages Floridians to explore nature. State park admissions, plus hunting and fishing licenses are discounted until Jan. 13.
Read MoreThe Hot New Homebuyers’ Accessory? ADUs

An accessory dwelling unit (ADU) gives homebuyers a chance to charge rent that offsets their mortgage costs – or helps kids or parents who need housing.
Read More$9M Lender Settlement for Redlining in Jacksonville

Ameris Bank will settle with the Justice Dept. for $9M because it allegedly didn’t underwrite many mortgages in largely Black and Latino Jacksonville communities.
Read MoreMBA: Commercial Loans to Drop 46% in 2023

The Mortgage Bankers Assoc. predicts a decline from 2021’s $816B to $442B this year as interest rates keep rising and supply/demand’s future remains murky.
Read MoreMore Californians Bypass Texas and Move to Fla.

Census Bureau: Fla. and Arizona welcomed more relocating Californians last year as Texas numbers dropped. In 2021, 37K moved to Fla.; in 2022, it grew to 50K.
Read MoreInflation a Worry but Rate Hikes May Be Working

Fed Chair Powell says the economy needs to cool as inflation remains stubbornly high – but another interest rate hike may not be needed. It might just take time.
Read More1 in 5 Couples Include ‘Home Fund’ in Wedding Registry

On wedding website The Knot, 20% of couples ask for home down payment money – an amount that has risen 55% over the past five years.
Read MoreThe Rough Buyers Market Still Great for Sellers

Years of soaring prices and a limited inventory of for-sale homes has stressed buyers for years, but today’s market remains a profit goldmine for most sellers.
Read MoreDid AI Create that Article? How to Tell

One day this won’t be true as artificial intelligence (AI) improves, but most computer-generated content currently has some traits that say, “Hey, I’m from AI.”
Read MoreNAR: Sept. U.S. Existing-Home Sales Down 2.0%

Median home prices rose 2.8% year-to-year under NAR’s seasonally adjusted formula, and the inventory of unsold existing homes climbed 2.7% month-to-month.
Read MoreMiami’s Luxury Rental Market Slowing Down

Historic rental increases couldn’t continue forever. The addition of more units and drop in new residents has weakened demand and dinged rental prices.
Read MoreFla. Sept. Report: Single-Family Sales Up 6.1%

The increase breaks a pattern of declines, says Florida Realtors Chief Economist O’Connor, as prices rose 1.3%. For 3Q 2023, though, sales were down 3.2%.
Read MoreFREC Sets Foreign Buyer Affidavit Workshop

On Oct. 24 at 1 p.m., FREC will focus on foreign buyer “Affidavits of Buyers of Property” and broker-held escrow deposits. The public is invited, virtually or in-person.
Read MoreMortgage Rates Keep Moving Higher: 7.63% this Week

The march toward 8% mortgages continued this week, with the 30-year, fixed-rate mortgage averaging 7.63%, up from last week’s 7.57%. A year ago, it was 6.23%.
Read MoreWeird 2024 Trends that Will Increase Home Value

If you can tell what’s trending by looking at the words becoming more common in listings, expect demand for brutalism, sensory pathways and cold plunge pools.
Read MoreSingle-Family Starts Up a Surprising 7% in Sept.

Frustrated with the lack of existing-home inventory, more buyers turned to new construction in Sept. despite mortgage rates that topped 7%.
Read MoreCommercial Brokers Should Fight the Narrative

Some negative headlines suggest the commercial RE industry is in financial trouble – but for the most part, it’s not, and brokers should get that message out there.
Read MoreAn 8% Mortgage Rate? Not Completely Crazy

It goes beyond Fed moves on interest rates, as other inflation-fighting changes also have an impact. Once those changes lessen, rates could begin to fall.
Read MoreSelling a Haunted House? What You Need to Know

Do buyers have a right to know that a listing comes with a ghost? In Fla., probably not – but states’ laws vary on what ghost-adverse buyers deserve to know.
Read MoreCan Tech Save Your Team? Not Yet

An oversight tool that connects all tech formats has not yet been perfected. And while some agents live off technology, others largely ignore it.
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