Mortgage Rates Rise, Still Well Below Last Year

The average 30-year mortgage rate rose to 6.12% from 6.08% last week. Borrowing costs on 15-year fixed-rate mortgages rose to 5.25% from 5.16%.
Read MoreNAR’s Newest Consumer Guide: MLS

Do your customers have questions about the role an MLS plays in a transaction? NAR’s newest guide provides valuable information.
Read More5 Financial Metrics Real Estate Pros Should Track

It’s crucial to know what your money is doing and where it’s going. Use your numbers to create a roadmap for your business.
Read MoreHow Low Will Interest Rates Go?

Mortgage rates dropped to historic lows during the pandemic, and it’s not likely to happen again. The low 5% range is more realist, Bankrate said.
Read MoreHelene: Extended Business Tax Deadlines, Resources

As of Oct. 2, the total estimated insured losses for Florida from the storm are $777,772,440 and 79,360 claims. Business resource centers have opened.
Read MoreCreating Marketing That Makes the Phone Ring

To maximize a marketing ROI, agents should target specific segments of the market that will generate the most leads and increase closings.
Read MorePathways to Professionalism – Professional Courtesies

Realtor told the listing broker after the scheduled showing the buyer decided not to view the home. The owners filed an ethics complaint against the Realtor, but the hearing panel found there was not a violation of the Code of Ethics. How can that be?
Read MoreBuyer Options to Compensate their Brokerage Firm

When a buyer agrees to compensate their brokerage firm in a buyer’s broker agreement, there are a few ways they can fulfill this obligation using Florida Realtors forms.
Read MoreBuyer Options to Compensate Their Brokerage Firm

When a buyer agrees to compensate their brokerage firm in a buyer’s broker agreement, there are a few ways they can fulfill this obligation using Florida Realtors forms.
Read MoreHelene Claims Up, New Storm Eyed

A Florida Office of Insurance Regulation order bans insurance cancellations or nonrenewals in impacted areas, unless requested by the policyholder, until late November.
Read MoreCommercial Property Market Coming Back to Life

The commercial market is rebounding. Transactions are increasing, driven by distressed properties and new liquidity as buyers and sellers agree on pricing.
Read MoreU.S. Annual Home Price Growth Inches up in August

Year over year, U.S. single-family home prices rose to 3.9% in August, the lowest rate of growth recorded since last July.
Read MoreFlorida Consumer Sentiment Continues to Climb

Increasing optimism is largely driven by positive views on the national economy over the next year. Consumer sentiment should improve overall in the months ahead.
Read MoreShould You Refinance Your Mortgage?

As a general rule, refinancing could be worthwhile if you're able to reduce your mortgage rate by at least 1 percentage point, one analyst said.
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Two newly revised forms address changes in law that require condo sellers and buyers to supply and acknowledge association documents.
Read More Condo Changes Coming to a Form Near You

The updated FR/BAR Condominium Rider, (CR-6xx_A) and CRSP Condominium Addendum (CRSP16xxx_F) include the required language.
Read MoreCybersecurity Incident Response Plans In The Works

The IT security firm Check Point said the “insurance/legal” sector saw 636 weekly attacks in 2022, a 68% increase from 2021. The figure was expected to triple in 2024.
Read MoreHelene: RE License Renewals Extended

Unemployment assistance is available to those who lost jobs or self-employment due to the hurricane. The Florida Realtors DRF donated to NAR’s Realtor Relief Fund.
Read MoreNewly Built Apartments Filling Up Faster

Redfin reported 54% of U.S. apartments that were completed in the first quarter rented within three months, up from 47% a quarter earlier.
Read MoreFed’s Powell Signals Slow, Steady Rate Cuts

Powell said the economy is largely healthy and the Fed is “recalibrating” its key interest rate, not rapidly cutting it. Interest rates influence mortgage rates.
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