Sale Prices Top List Prices – First Time in a Year

For the first time since last August, the average sale-to-list price ratio surpassed 100%, says Redfin, as low inventory and steady demand buoy home prices.
Read MoreMortgage Rate Hits 6.81%, Highest Since Nov. 2022

It’s a new high for 2023 and the second week of increases. It’s largely the result of higher 10-year Treasury Note yields as investors worry about inflation.
Read MoreAccept It: Higher Mortgage Rates Here to Stay

Homebuyers shouldn’t view today’s rates as temporary and postpone ownership. The housing crisis pushed rates lower for 11 years, but that won’t recur anytime soon.
Read More‘So Many Myths’ About VA-Backed Mortgages

The Dept. of Veterans Affairs says veterans are the most highly competitive buyers in today’s market: They have an average 722 credit score, 40% DTI and $54K to spend.
Read MoreNot All Fed Officials OK with No Rate Hike

Fed members don’t think alike, and a handful disagreed with the choice to maintain current interest rates at their last meeting. They wanted a quarter-point hike.
Read MoreFla. to Court: Foreign Land Law Isn’t Discriminatory

A court case alleges the new law discriminates, and Fla. submitted a 59-page doc saying no – that it’s consistent with tradition and necessary to fight foreign influence.
Read MoreFloridians More Optimistic About U.S. Economy

UF’s June consumer sentiment saw an uptick to 69.3 from May’s 69.1, driven mainly by U.S. economic expectations. It’s the highest reading since Oct. 2021.
Read MoreAI’s Biggest Impact Might Be in Real Estate

A number of real estate functions have many variables where artificial intelligence excels, such as home searches, transactions and productivity tools.
Read MoreCommercial Lenders Use Old Tricks to Help Owners

“The goal is not to take something in, foreclose and sell it,” it’s to work things out, deal with cooperative borrowers and “get them back to performing status.”
Read MoreFHA Borrowers to See New ‘Supplemental Consumer’ Form

After Aug. 28, lenders must give FHA borrowers a Supplemental Consumer Information Form (SCIF) to identify language preferences and other buyer history.
Read MoreWhy Don’t More Buyers Consider a Fixer-Upper?

In a time of rising housing costs, a fixer-upper offers more house for the money – but the iffy cost for renovations scares buyers already hurt by high interest rates.
Read MoreRE Q&A: How Can I Be a Good Landlord?

A move-up buyer thinks renting out her older, smaller home might be a smarter option than selling. What should be considered for that kind of decision?
Read MoreSales Tax Holiday Starts on Energy Star Appliances

On July 1, a Fla. sales tax exemption period began for Energy Star appliances, but there’s no rush to buy: It runs for a full year, through June 30, 2024.
Read MoreInsurers Pull Back as Climate Catastrophes Intensify

The uptick in natural disasters has insurers wondering what else climate change might do. As a result, they’re pulling back everywhere – not just in Fla.
Read MoreFed Agencies Issue Policy on Commercial RE Loans

After a comment period, the agencies finalized a policy on how to handle commercial loan accommodations and workouts for financially troubled firms.
Read MoreWhat Educational Posts Belong in Social Media?

Consumers often know little about real estate buying and selling, so certain topics should be rotated to catch new eyes when customers decide to enter the market.
Read MoreFed Agency Releases Mortgage Activity Report

FFIEC: In 2022, the percentage of home loans to Blacks (7.9% to 8.1%) and Asians (7.1% to 7.6%) rose, but it fell slightly for Hispanics (9.2% to 9.1%).
Read MoreDeSantis Signs Two RE Bills Into Law

Two Florida Realtors-backed bills – the rental housing bill (HB 1417) and local ordinance bill (SB 170) – clarify rental rules and ease some local regulations.
Read MoreDOJ Targets Fla.’s Chinese Land Ownership Law

Federal DOJ officials submitted a 22-page “statement of interest,” saying SB 264 “will cause serious harm to people simply because of their national origin.”
Read MoreWhite House: $3.1B Effort on Veteran Homelessness

The plan includes more investments to help unhoused U.S. veterans find jobs, legal aid and other vital support services, according to the White House statement.
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