Fla.’s May Housing: Inventory Up, Median Price Flat

Florida Realtors: YOY single-family home median price flat at $419.9K, supply at 2.7 months. YOY condo median price up 0.9% to $325K, supply stands at 3.6 months.
Read MoreMortgage Rates Decline a Bit, Hit 6.67%

It’s the third weekly drop in a row and down from last week’s average of 6.69% for a 30-year, fixed-rate mortgage. A year ago, rates were 5.81%.
Read MoreInflation Isn’t as Bad as It Looks

The widely used CPI compares year-to-year prices, so if prices were steady for one year but saw a 10% increase in Jan., the next 12 months’ CPI would reflect 10% too.
Read MoreNAR: Home Sales Edge Up 0.2% in May

Home prices, however, declined 3.1% year-to-year. Price increases in the Northeast and Midwest regions failed to offset declines in the South and West.
Read MoreHome Showing Went South Real Fast

The WSJ asked RE agents about any “fear for my life” moments, and a Miami Beach Realtor story included an A/C water leak, bad wood and a near-death experience.
Read MoreHow Does First-Time Homebuyer Assistance Work?

How do you buy a house? Renters often don’t know. But first-time buyers have tools at their disposal and, oftentimes, access to mortgage assistance.
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As we all know, interest rates play a major role in the real estate market. They determine the cost of borrowing money to purchase a property, which ultimately affects the affordability of homes for buyers and the profitability of investments for real estate investors. That's why many people are int
Read More Airbnb Investing? It Comes with Risks and Benefits

Airbnb ownership can be a good source of passive income flexibility for personal use. The downside: Startup costs, irregular income and an occasional unruly guest.
Read MoreJacksonville Non-Profit Wins HUD Award

The Community Foundation for Northeast Florida won the Award for Public-Philanthropic Partnerships. The nonprofit pairs private grants with groups in need.
Read MoreNonprofit’s Goal: 4M Latino Homeowners by 2030

A nonprofit organization, UnidosUS, wants to help Hispanic families build generational wealth through homeownership. Wells Fargo kicked off a $100M funding effort.
Read MoreStop Using These Top Real Estate Passwords

Some passwords are classically bad, like “123456” and “password.” But NordPass put together a list by industry, and some agents may not be as creative as they think.
Read MoreMost Common Types Of Small Biz Financing?

In movies, hopeful business owners make their case before a banker and hope for a loan. But there are more options, such as SBA loans or a line of credit.
Read MoreA Good RE YouTube Blog Can Earn You Money

A quality video blog can earn its creator $5 to $10 for every 1,000 viewers – but popularity also opens the possibility for sponsors, affiliate marketing, etc.
Read MoreMay’s Single-Family Starts Post Solid Gain

Overall housing starts rose 21.7% in May, and single-family home starts increased 18.5%. A big reason? Buyers can’t find enough existing homes to consider.
Read MoreFlorida Realtors Awards $235K in Scholarships

Across Fla., 214 young people are getting help with their college costs from the Florida Realtors Education Foundation as they prepare for the 2023-24 school year.
Read MoreHousing Economists: A Correction, Not a Crash

More than a dozen economists say it will take 2-9 years for building and warehouse values to get back on track – but homes won’t lose any appreciable value.
Read MoreNew Insurance Law Offers Homeowner Safeguards

A law effective July 1 adds protections: Citizens, for example, can’t refuse coverage due to open FIGA claims, and policies can’t be cancelled if repairs aren’t done.
Read MoreS. Fla. Using Tax Dollars for Affordable Housing

In Broward, “gap financing” helps developers secure enough loan money. In Palm Beach, voters approved a $200M bond dedicated to affordable housing.
Read MorePotential Clients Trust a ‘Thought Leader’

A real estate “thought leader” sees the big picture and couples their worldly perspective with RE insights. The result: People trust their judgment and seek them out.
Read MoreDeSantis: Hometown Heroes Has Given Out $100M

The gov. says the initial version of the pro-housing, Florida Realtors-backed program has helped 6,753 families. And on July 1, an expanded version will get another $100M.
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