Yellen Unveils Housing Supply Plan

The treasury secretary said a $100 million affordable housing fund would improve the housing shortage and affordability crisis.
Read MoreFlorida Cities See Increasing Housing Supply

Orlando and Jacksonville are among the Florida cities breaking the national trend of a housing supply deficiency.
Read MoreDo ADUs Solve Affordable Housing for Gen Z?

Accessory dwelling units (ADUs) are a popular living option and, possibly, one way to combat the affordable housing crisis, particularly in expensive areas.
Read MoreIs an All-Inclusive Resort Cheaper Than Rent?

A content creator wagered he could spend a month at an all-inclusive resort for about the same cost as his monthly expenses. He was wrong. Sort of.
Read MoreFocusing Your Business for Summer Success

Experts say scheduling face-to-face meetings with leads is a top priority for agents and brokers this summer.
Read MoreNew Buyer Representation Forms Released

Florida Realtors has released new buyer representation forms in advance of the practice changes related to the NAR settlement.
Read MoreExisting-Home Sales Edged Lower by 0.7% in May

The median existing-home sales price jumped 5.8% from May 2023 to $419,300 – the highest price ever recorded and the 11th consecutive month of YoY price gains.
Read MoreFlorida’s May Home Median Prices, New Listings Up

New listings, median sales prices rose YoY for existing single-family homes, up 15.2% and 1.6% ($426.5K), and for condo-townhouse units, up13.8% and 1.5% ($330K).
Read MorePossible TikTok Ban Looms Large for Users

Real estate pros use TikTok because it hits every age demographic, among other reasons. TikTok has until Jan. 19 to sell to American interests or be banned.
Read MoreMore Work Remains for ‘3by30’ Housing Goal

The housing initiative celebrates its third anniversary and recommits to raising Black homeownership levels to rates never seen before — all by 2030.
Read MoreIdentify AI's Pain Points, Keep Your Authenticity

AI should be monitored to ensure it is not inserting inaccuracies in copy or badly cropping photos because slip-ups can harm an agent's reputation.
Read MoreBuyer Can’t Get Financing: Now What?

RE Q&A: Can the seller keep the deposit, since there is a signed contract? It depends on the financing section of your contract, timing and other specific details.
Read More30-Year Mortgage Rate Falls Again, Now 6.87%

Freddie Mac: Last week, it was 6.95%. This is the third straight weekly decline and the lowest level for 30-year fixed-rate mortgages since early April.
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High interest rates for loans held back housing supply as overall housing starts fell 5.5%, single-family starts declined 5.2% and multifamily fell 6.6%.
Read More Some Buyers Beat High Rates Via Assumable Mortgages

Eligible sellers can transfer their assumable mortgages to qualifying buyers, allowing them to assume the seller’s low mortgage rates.
Read MoreBuyers Snap Up Aging, Empty Office Buildings

Investors are finding opportunities in the office market as the commercial sector struggles with factors such as low tenant demand after the pandemic.
Read MoreHousing Inventory Is Growing Fast in Fla.

Single-family home developers haven’t experienced a downshift in sales due to more inventory, however. Higher property insurance rates may be a bigger concern.
Read MoreCitizens Insurance Rate Hike Proposed

The proposed increase, on average 13.5%, will go to the state Office of Insurance Regulation for review and potential approval.
Read MoreFlorida Leads Short-Term Rental Markets

AirDNA reports that coastal area short-term rentals were 17% more popular among tourists than hotels. Short-term rentals also attract business travelers.
Read MoreBiden OKs Florida Disaster Aid for May Storms

Only Leon County is approved for FEMA individual assistance. The Florida Realtors Disaster Relief Fund is accepting applications for 15 North Florida counties.
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