Lower Rates to Draw Buyers – Sellers Not so Much

While mortgage rates moving closer to 6% will draw buyers into the 2024 housing market, several economists don’t think it will create a similar rush of sellers listing their homes
Read MoreForeclosure Pause Until May for VA-backed Mortgages

The VA asked mortgage servicers to pause foreclosures to help veterans at risk of losing their homes, but mortgage bankers have concerns.
Read MoreFed Chair: Too Soon to Consider Interest Rate Cuts

While inflation news remains positive month to month – 2.5% recently, just a bit above the Fed’s 2% goal – Chair Jerome Powell says it's premature to declare victory.
Read MoreU.S. Senate Panel Wants Info on Citizens Insurance

The Senate Budget Committee has questions about Citizens’ exposure. If a storm hits, will the Fla.-run insurer be able to handle it? If not, will it need federal help?
Read MoreNeed New Ways to Reach Clients? Try a Podcast

Agents are creating their own podcasts to share new insights and build their personal and professional brand. It’s easier than you think.
Read MoreNAR: October Pending Sales Fell 1.9% in the South

Nationwide, pending home sales fell 1.5% in October, but falling mortgage rates and a growing number of new builds are a harbinger of optimism.
Read MorePoll: Housing Costs a Top Concern of Fla. Voters

A University of North Florida poll found “economy, jobs, and inflation” concerns second to “housing costs” to voters considering candidates for office in 2024.
Read MoreFHA to Help More Owners/Buyers Fix Up Homes

A FHA 203(k) loan allows borrowers to roll upgrade costs into their first mortgage. HUD says loan-change proposals will help “millions of homebuyers and homeowners.”
Read MoreLong-Term Mortgage Rates Fall to 7.22%

It’s the lowest rate for a 30-year, fixed-rate mortgage since Sept. Freddie Mac calls it an “encouraging development” for buyers as the market sentiment shifts.
Read MoreInflation: Fed’s Preferred Gauge Finds Improvement

Personal Consumption Expenditures – a closely watched measure of inflation – showed signs that price increases are slowing, making a Fed rate hike less likely.
Read MoreMaking Referral Money? Fla. Law Oversees How It’s Done

Brokers and associates take note: Referrals – a lead you give to agents outside your area in return for a fee – are a great way to make extra money, but Florida law has clear guidelines on how you can legally receive a payment.
Read MoreDear Shannon: An End-of-Year MLS Update

An MLS director wants recommendations for things to do by the end of 2023, and one task they should consider is confirming a required notice has been done.
Read MoreNeed a Good Lawyer? Where Do You Look?

Florida Realtors Legal Hotline often tells callers that their situation requires the services of a lawyer. But how do you find a lawyer? And how can you be sure you hired a good one?
Read More90K Citizens’ Policies Shift to Private Insurers

For the second month in a row, private insurers took more than 90,000 policies from the Citizens Property Insurance Corp., the state-run “insurer of last resort.”
Read MoreFeds Hope for ‘Soft Landing’ After 3Q Growth

U.S. consumer spending – coupled with easing inflation and resilient hiring in the third quarter – raises hopes for a soft landing to offset a possible recession.
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For a one-unit Single Family Title II forward mortgage, the base limit will be $498,257 and go as high as $1,149,825 in selected areas of Fla.
Read More Fed’s Waller: Interest Rates to Remain Steady

Federal Reserve Gov. Christopher Waller signaled confidence in the slowing economy, saying inflation is slowly moving in the right direction.
Read MoreFlorida’s Business Rent Tax Drops 1% on Dec. 1

Fla.’s business rent tax, now 5.5%, drops to 4.5% on Friday. Florida Realtors advocates for a complete elimination of the tax and sees this step as a significant victory.
Read MoreResolution to Get Leads in 2024? How to Do It

Every agent goes after low-hanging fruit – successful ones climb the tree. Try hosting a how-to webinar, increasing virtual networking or creating custom graphics.
Read MoreU.S. Consumer Confidence Bounces Back in Nov.

After three monthly declines, the measure of Americans’ attitudes increased to 102.0 in Nov. from Oct.’s 99.1, largely due to an upswing in attitudes about the future.
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