Fla. Consumers’ Optimism Rises this Month

For the second month in a row, Floridians’ attitudes about their current situation rose – and their outlook for the future moved a bit higher too.
Read MoreFHFA: Sept. Home Prices Up 0.6% Month-to-Month

For the third quarter (3Q), home prices rose 5.5% year-to-year and 2.1% quarter-to-quarter as a dearth of listings pushed the rate of price increases even higher.
Read MoreFHFA: 2024 Conforming Loan Limits Rise by $40K

In 2024, a conventional mortgage in most parts of Fla. (except Monroe County) will have a loan limit of $766,550, an increase of $40,350 from 2023’s $726,200.
Read MoreCourt Sides with Homeowner on Insurance Law

Does a law limiting property insurance lawsuits apply to policies from before it went into effect? Appeal courts disagreed and the Fla. Supreme Court may decide.
Read MoreSarasota Considers Affordable Housing Ideas

The Sarasota Chamber brought local leaders in to discuss the housing shortage after 73% of local businesses said it affects their ability to recruit and retain workers.
Read MoreInflation Inaccurately Measures Homebuyers’ Pain

To measure housing-cost inflation, the Consumer Price Index uses “the current cost to rent the house you own,” even though many mortgage payments won’t change.
Read MoreWhy Do People Give? Donors Say What Moves Them

It’s GivingTuesday, and AP interviewed people across the U.S. to find out what motivates them to get involved to help others, pets, the environment and more.
Read MoreNew Home Sales Weaken in October

Sales were down 5.6% month-to-month, but they’re up 17.7% year-to-year and up 4.6% so far in 2023. About 30% of all Oct. home sales were new construction.
Read MoreNote to Seniors: The Kids Don’t Want Your House

Some older adults won’t downsize because they want to transfer their “pride of ownership” to loved ones – but the younger generation wants to buy its own house.
Read MoreModular Housing CEO: Solution to Chronic Shortage

The site-built home process hasn’t changed much over the decades, but modular building makes it more efficient by completing different tasks at the same time.
Read MoreHome Sales Likely to Weaken in Near Term

Fannie Mae researchers: Mortgage rates in 2024 will retreat from recent highs and average 6.8% by year’s end; in turn, home sales will increase modestly over the year.
Read MoreWhile Repairs Take Place, What Happens to Tenants?

RE Q&A: Tenants don’t have to pay rent for the time their place is inhabitable. But landlords aren’t required to find them a temporary place or pay for it either.
Read MoreU.S. Unemployment Claims Drop, Showing Resiliency

Despite high interest rates, jobless claims this week dropped to 209K. The economy’s durability raises hopes the Fed can continue to reduce inflation without a recession.
Read MoreHow Do You Become a Luxury Real Estate Agent?

Gathering a professional network that includes peers and a mentor is a crucial first step. Personal brands should also be adjusted to showcase your new specialty.
Read MoreStorm Season Ends, But Recovery to Take Time

While the season ends Nov. 30, restoration efforts from Hurricane Idalia will go on for years in rural N. Florida, especially for those in the agriculture industry.
Read MoreAre Stalled Buyers Spending, Saving Differently?

Frustrated would-be home buyers may be spending money that would have gone toward a house on current home renovations, vacations or on 529 college savings accounts.
Read MorePlan OK’d for Hurricane Ian Recovery Funding

FloridaCommerce: HUD has approved Fla.’s action plan for $910M in Community Development Block Grants funding for long-term recovery efforts in 20 impacted counties.
Read MoreNAR: Existing-Home Sales Receded 4.1% in Oct.

Total sales fell 14.6% year-over-year. Single-family home sales were down 4.2% month-to-month and down 14.6% year-over-year. Single-family median price was $396,100.
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Tracy Kasper is now officially installed as NAR’s 2024 president, and Eric Sain, Florida Realtors’ 2019 president, is NAR’s 2024 VP of association affairs.
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Nearly 6,000 policies were added last week. But that number could drop as 7 insurers were approved to assume as many as 202K policies from Citizens this week.
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