NAR: Pending Sales Rise 1.1% in Sept.

It’s a slight gain, but NAR’s chief economist says pending sales “remain at historically low levels.” Year-over-year, pending transactions were down 11%.
Read MoreShort ‘Days on Market’ Shifts to the North

Albany, N.Y., homes went under contract in 8 days in Sept., followed by Rochester (9) and Grand Rapids, Mich. (9). In 8 Fla. metros, it ranged from 25-58 days.
Read MoreMortgage Rates Rise Ever Higher, Hit 7.79%

The average for a 30-year, fixed-rate loan moved higher for the seventh week in a row. Last week it averaged 7.63%; a year ago, it was 7.08%.
Read More4.9% 3Q Economic Growth Strongest in 2 Years

The economy more than doubled from its 2Q growth rate of 2.1% – but inflation also dropped to 2.4%. Some economists think 3Q is the high water mark before a slowdown.
Read MoreHUD’s FHA Tools Now Require Two-Factor Authorization

To boost security, HUD Homestore and other loan tools will require users to prove their identity. HUD will send a code to registered devices that users must confirm.
Read MoreSurviving the Shift to a Skills-Based Market

Follow up until people “buy, die or file a restraining order,” says one RE coach – and basic skills aren’t enough to succeed in today’s rapidly changing market.
Read More‘Florida Man’ Becomes a Marketing Tool

Life is more fun in Fla., a concept made flesh by “Florida Man” – the guy always doing something crazy. Now a St. Augustine “game” will make him real.
Read MoreLawmakers Eye Backlog in Home Upgrade Program

The My Safe Florida Home program has more applications than funding, but the Legislature may consider more money during a recently scheduled special session.
Read MoreFederal Court: Floor Plans Fall Under ‘Fair Use’

It’s okay to include a floor plan in a listing, ruled an appeals judge. He said it's “fair use” and doesn’t infringe on architectural-design copyright laws.
Read More5 Fla. Metros Still Top U.S. Move-To Hotspots

A Texas hotspot (Austin) lost residents for the first time, while Orlando, North Port-Sarasota, Tampa, Cape Coral and Miami made the top 10 for incoming residents.
Read MoreSept. New Home Sales Surge 12.3%

With too-few existing homes listed for sale, more homebuyers opted for new construction, which saw sales rise 12.3% month-to-month and 33.9% year-to-year.
Read MoreCitizens Policies Drop Amid ‘Depopulation’

The state’s “insurer of last resort” is a last resort for fewer Floridians. Recent depopulation efforts have reduced its coverage count by almost 100K policies.
Read MoreMiami-Dade House Prices Fall for Third Month in Row

South Fla. buyers see some relief in the face of rising mortgage rates. In Miami-Dade, Sept. median-home prices fell to $600K after hitting $620K in Aug.
Read MoreCFPB: Let Consumers Control Their Financial Data

The U.S. consumer agency is accepting comments on a proposed rule that would allow individuals to control their personal information and decide when to share it.
Read MoreNeed a Stronger Online Presence? ‘SWEAT’ It Out

The acronym starts with “S” for “Study your ideal client,” says Realtor Jimmy Burgess. Then go for “W” – “Who’s winning in other markets??
Read More2023 Home Sales Likely Lowest Since Housing Bust

The highest mortgage rates in two decades have started to take a toll, and by the end of 2024, total existing-home sales will probably be the weakest since 2011.
Read MoreApartment Construction Boom Impacting Rent Hikes

The U.S. had 1M housing units under construction in Sept. Rent in many areas with multiple construction projects is stagnating and, in a few cases, falling.
Read MoreSurvey: Bleak News for Remote Workers

Remote work, the only viable pandemic option, is now a workplace perk for many people – but more and more employers are requiring a return to the office.
Read MoreFinCEN Extends Buyer Targeting to 8 Fla. Counties

GTOs require title companies to verify actual buyers of property. FinCEN extended its order to April 2024 and added 8 Fla. Gulf Coast counties to the list.
Read MoreBankers See Uptick in Commercial Delinquencies

Mortgage Bankers’ 3Q report finds office mortgage-delinquency rates passing retail and hotel – but multifamily and industrial delinquencies remain below 1%.
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