If you’re a broker ready for an office, keep in mind your business’s mission and needs when deciding on space.

Employment in the leisure and hospitality, education and health services and construction categories continue to grow. Florida outpaces the national unemployment rate. 

Some agents are telling buyers to act now because additional rate cuts will increase market competition. Rates may tick up slightly before dropping again.

Some lawmakers are resisting calls for a special session, keeping the Dec. 31 deadline for condo inspections despite Gov. DeSantis pledge of year-end relief.

Analysts say many borrowers are waiting for affordability to improve and mortgage rates to decline. They anticipate rates will average 5.7% by late 2025.

Spanish translation of settlement forms are available for reference. Plus, NAR released a new guide to help consumers negotiate buyer agreements.

Renters are looking for luxury living with convenience and safety. Some new tech devices and home features fit the bill.

When a new landlord steps in, tenants should know their rights regarding rent, utility payments and lease agreements.

Florida leads in affordable new home construction, with smaller, lower-priced builds driving down costs and addressing the housing shortage. 

The average long-term rate fell to 6.09% from 6.20% last week and 7.19% a year ago, Freddie Mac said. Borrowing costs on 15-year fixed-rate mortgages fell to 5.15%.

Today’s webinar will cover the new flood disclosure and condo laws that take effect on Oct. 1, and Florida Realtors’ new and updated forms regarding these changes.

The inventory of unsold existing homes improved by 0.7% from the previous month to 1.35 million at the end of August, or the equivalent of 4.2 months’ supply.

New listings, inventory levels up YoY for both single-family homes and condo-townhouses. Single-family median price eased 0.8% YoY, condo-townhouse median down 4.3%.

Less than two months after receiving $100 million from the state Legislature, Floridians have reserved all available Hometown Heroes Housing program funds.

Monthly housing payments are down nearly $300 from April’s all-time high, but pending sales are still lagging. The Fed rate cut on Wednesday could help. 

The unusually large interest rate cut suggests the economy is rebounding. The cut will continue to impact mortgage rates, which have declined in the past weeks.

One investigator in the 2021 Champlain Towers South condo collapse said it is “one of the most complex building failure investigations ever undertaken.”

Builder confidence improved for the first time since May thanks to declining interest rates, but construction costs are holding back some enthusiasm.

New listings rose 1.6% month over month in August to the highest seasonally adjusted level in nearly two years and climbed 2.1% from a year earlier.

The National Association of Home Builders expects new home building will increase in the coming months as construction loan rates decrease.