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Real Estate News

  • Long-term mortgage rates slip – 4th week in a row May 23, 2019
    The 30-year fixed-rate mortgage averaged 4.06% this week – a drop from 4.07% last week and the average 4.66% rate one year ago.
  • Freddie: Mortgage rates won't go as high as we thought May 23, 2019
    Experts are rethinking their 2019 mortgage-rate predictions as rates move closer to the 4% mark. Freddie Mac recently downgraded its forecast to an average 4.3% for this year, and it foresees little change even in 2020 – a 4.5% average for next year.
  • Census Bureau: City growth once hot – now not so much May 23, 2019
    One expert thinks millennials moved to cities in this decade's first five years but got stuck there, postponing plans and waiting for the recession to end.
  • April new-home sales drop 6.9% May 23, 2019
    But the decline only dinged new-home sales so far this year, which are up 6.7%. A big contribution to the decline last month? Homes selling for $300K or less.
  • NAHB pushing Congress to storm-protect older homes May 23, 2019
    New homes are bolstered to minimize damage in a national disaster, but builders say older homes aren't built to withstand hurricanes, earthquakes or tornadoes.
  • Who owns your customers? May 23, 2019
    If you have 20,000 Facebook "friends," who owns those leads – you or Facebook? When an outside firm controls your contacts, they can market to them directly.
  • When will the economy start to slow down? May 23, 2019
    How do I answer climate change questions? What business plan would prepare me for future success? Find out: Florida Realtors Convention and Trade Expo, Aug. 23-25 in Orlando. https://convention.floridarealtors.org
  • Tax reform hasn't hurt the RE industry as some predicted May 22, 2019
    A new $10K cap on the federal deduction for state and local taxes led to dire predictions for the real estate market – but no large-scale problem has emerged yet.
  • Renters protected against discrimination by anyone May 22, 2019
    NAR: What if a contractor, fellow renter or temporary guest harasses a renter protected by the Fair Housing Act? The landlord may still be legally responsible. Lawyer advice: "Property managers have no legal entitlement to stay out of tenant disputes."
  • Governor announces more Hurricane Michael Housing relief May 22, 2019
    Two new homeownership loan programs will debut in June and provide affordable housing resources for Floridians impacted by Hurricane Michael.