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Real Estate News

  • NAR: Setting the Record Straight on Fair Housing September 25, 2020
    HUD recently weakened a rule to affirmatively promote fair housing goals, and NAR objected to the decision. NAR’s director of fair housing policy says the policy is “baked into the original Fair Housing Act of 1968,” and “a step backward in the drive toward equal housing opportunity.”
    kerrys
  • Almost 400K Fewer Homes Listed Due to the Pandemic September 25, 2020
    From March to now, realtor.com listings are down by about 400,000. In three Fla. metros, it’s down over 40%; in two others, time-on-market dropped by more than 20 days.
    kerrys
  • Record Number of Homeowners Live in HOA Communities September 25, 2020
    In Fla., almost 10M residents live in one of 48,500 communities with a homeowners’ association or condo board. The number is second only to Calif, which has 49,200 HOAs.
    kerrys
  • ‘AOB’ Fight Goes to Fla. Supreme Court September 25, 2020
    Anchor Property and Casualty claimed an assignment-of-benefit claim was constitutionally illegal. So far, a lower court agreed but Anchor lost in a court of appeal.
    kerrys
  • The Great Appliance Shortage: Life Without a Dishwasher? September 25, 2020
    COVID-19 created yet another problem: A U.S. shortage of dishwashers, refrigerators, washers and dryers. Freezers disappeared first when consumers started hoarding food.
    kerrys
  • Florida Realtors: Economic Update for Housing and the Economy September 25, 2020
    What did you miss from Florida Realtors Virtual Convention? Will inventory increase? When will Canadian buyers return? Will Fla. see a rash of foreclosures hit the market?
    kerrys
  • Zillow Opening Residential Brokerage, Hiring First Agents September 24, 2020
    Brokerage services will focus mainly on Zillow Offers iBuying deals, according to the company. Zillow, which has said for years it would not open its own real estate firms, will debut one in three U.S. cities – none in Fla. – then expand to other locations over time.
    marlam
  • Mortgage Rates Tick Up to 2.9%, Remain at Historic Lows September 24, 2020
    Freddie Mac reported that the average rate on the 30-year home loan edged up to 2.90% from last week’s 2.87%. One year ago, the 30-year FRM averaged 3.64%.
    marlam
  • Any New Stimulus Package Overshadowed by SCOTUS Nomination September 24, 2020
    Hope for weekly unemployment benefit extensions, business aid and stimulus checks faded even more after Washington turned its focus to a Supreme Court vacancy.
    marlam
  • New Home Sales Surge 4.8% in August September 24, 2020
    The August surge follows a 13.9% increase in July as low interest rates and a skimpy existing-home inventory drive buyers to new construction.
    marlam