Things to Know About Institutional Buyers

These investors often rely on data- and technology-driven tools to find neighborhoods where buying in bulk is likely to pay off, then typically make cash offers.
Read MoreOlder Condo Woes Make it Harder to Buy/Sell Units

Buyers in some older condos can’t get traditional financing because the associations have made insurance trade-offs as they deal with higher expenses.
Read MoreNAR Issues 2024 Real Estate Forecast

Economist Lawrence Yun predicts that home sales will rise by 15% next year, and by spring, mortgage rates will hover in the 6% to 7% range.
Read MoreThe 1% Rate Difference on Monthly Mortgage Payments

Florida Realtors economist: Understanding the financial impact of current mortgage rates can help Realtors relate to their clients’ all-important number: their monthly payment.
Read MoreNAR Outlines 2024 Advocacy Goals

Advocacy efforts will focus on keeping must-have programs going, like flood insurance, and pushing for programs that increase listings and boost fair housing efforts.
Read MoreMany Adults Can’t Afford a House After a Spouse Dies

The “widow penalty” hurts a surviving spouse by cutting benefits, including Social Security. And widows, many times, can’t afford to keep their home.
Read MoreUnlock Potential Through Real Estate Mentorship

Mentoring isn’t a “one size fits all” thing. Brokers start the process by identifying needs and supporting the agents who could benefit from mentoring.
Read MoreGov. Signs My Safe Florida Home and Other Bills

Gov. Ron DeSantis signed bills passed during the recent special session, including up to $10K for owners to harden homes and more aid for Hurricane Idalia victims.
Read MoreInflation Eased in Oct. as It Continues to Cool

Gas, cars and airfare cost less last month. Prices rose 3.2% year-to-year in Oct. – still higher than the Fed’s 2% goal – for the smallest increase since June.
Read MoreCheckerboard Flooring Getting Less Black and White

A long-time staple of upscale homes, the traditional black-and-white checkered floor isn’t going away, but it’s diversifying its color palate.
Read MoreFraudster Steals Fla. Mansion, Threatens Actual Owners

A Tampa court sentenced a man to 17 years for faking a charity that faked a Fla. mansion purchase – and then threatening to kill the real owners to keep them quiet.
Read MoreOwners Keep Remodeling – but Smaller Projects

Sales at Home Depot were lower but beat expectations. While remodeling boomed during the pandemic, many owners are still making smaller upgrades.
Read More1 in 3 Sellers Granting Buyer Concessions

Two Fla. metros were in that ballpark: Miami (35.4%) and Orlando (34.3%). But in Tampa, 43.1% of closed sales had a concession, up from 19.7% a year earlier.
Read MoreHelping Homeless Vets: Progress Made, More to Be Done

The number of homeless veterans fell 11% since 2020 and 55% over the past 13 years – far more than general homelessness. But U.S. vets still need more help.
Read MoreForming a Dream Team: Super-Sized or Niche-Focused?

A super-sized team ups the chances that someone can handle any buyer that comes your way, but a niche-focused team can dominate a specific market area.
Read MoreWebsite Helps Certain Foreign Land Owners Register

Gov. DeSantis announced the SecureFlorida Portal – a site where foreign principals who must register ownership under a new law can do so before the Dec. 31 deadline.
Read MoreMiami Luxury Prices Soar as Billionaires Move In

RE investors are building more $50M-plus condos in S. Fla. as demand grows from an uptick of rich Americans who are relocating to be close to other rich Americans.
Read MoreStrip Malls: New King of Retail Real Estate

Going to a strip mall for a specific item is a quick in-out activity, akin to getting milk from 7-11. And after the pandemic, that’s what many Americans want.
Read MoreNAR Releases 2023 Profile of Home Buyers and Sellers

In the face of high interest rates and rising home prices, the typical buyer’s income rose 22% to $107K. 1 out of 3 (32%) was a first-time buyer, and 89% used an RE agent.
Read MoreNAR: Higher Home Prices in 82% of U.S. Metros

11% of metros saw double-digit price increases in 3Q, even though buyers faced a one-year mortgage payment increase of 19.2%. In 2Q, prices rose in only 58% of metros.
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