Welcome to EABOR

Meet 2019 President Mark Spurgeon

Being served by people who love where they live is a wonderful thing!

REALTORS® love where they live and love what they do. We have the pleasure of representing buyers and sellers during one of the most important events of their lives. Fulfilling dreams is the most rewarding aspect of our profession.

You have discovered a real gem…the Englewood area.  Being situated between two moderate sized markets, enough out of the way to enjoy a different pace, yet just a short drive to the hustle and bustle if you choose.  The best part is the sense of community we offer.

Choosing a REALTOR® is the wise choice to connect you to the community. They have the tools and expertise for a successful transaction. REALTORS® may be competitors but wearing the REALTOR® marker bears no small responsibility to the public and real estate profession. You can rest assured that the professional standards and the code of ethics REALTORS® subscribe to, will be the foundation of your relationship.

I have had the pleasure of growing up, living and working in the Englewood area since 1965.  The community is as vibrant as ever!  I am pleased to serve as the Englewood Area Board of REALTORS® 2019 President.  Because I love where I live and love what I do!  It is an honor to work with fellow REALTORS® in fulfilling our mission statement:

“The Mission of the Englewood Area Board of REALTORS® is to support the success and professionalism of our members while improving our community and protecting private property rights.”

It is my pleasure to welcome and introduce you to the Englewood area!

Best regards,

Mark Spurgeon
Englewood Area Board of REALTORS®
2019 President

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Florida REALTORS® News

Flu Season Arrives Early – Be Careful in Public Settings

Realtors visit many homes and shake strangers’ hands, making them prime candidates for the flu. The type B strain arrived early and seems to be targeting the South.

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Who Are Your Sellers? Average Fla. Homeowner 55 Years Old

Homeowners in Fla.’s four biggest metros are older than metro counterparts across the U.S. In all four Fla. cities, current homeowners’ average age is 55 or older.

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Economist Survey Predicts Only 33% Chance of 2020 Recession

Brexit, China trade wars and other dark clouds that once threatened the U.S. economy have dimmed a bit, according to a monthly survey of economists. In June, they jointly agreed that chance of a 2020 recession was 38.4%; in the December report, it was down to 33.1%.

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Tentative Deal Would Avert Looming Federal Shutdown

National flood insurance – and the U.S. government for that matter – may not shut down Friday. Congress agreed on an extension it thinks the president will sign.

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iBuyers Taking Bigger Bite of Home Sales

The number of iBuyer sales in the U.S. doubled in one year, according to a 3Q report – but they still only made up 3.1% of all home sales in the 18 markets studied.

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Housing Trust Fund’s Future Unclear in Florida House

The governor supports using all trust fund money for affordable housing, and bills in the House and Senate would make it official. But full funding isn’t a sure thing.

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If Gift-Giving Is a Competition, a Baltimore Broker Wins

A Baltimore broker reached a goal this year – 20M square feet of commercial space developed – so he gave 198 workers $10M in end-of-year bonuses – about $50K each.

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Citizens Insurance Again Looking for Ways to Reduce Risk

In 2011, the Fla.-owned insurer had 1.5M policies; it’s now 420K. Still, taxpayers reimburse any deficits, so Citizens hopes to find new ways to lower its risk.

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A Dec. 20 Government Shutdown? It Happened Last Year

Both political parties say the U.S. government and flood insurance will be extended past Dec. 20 – but they said the same last year before a record 35-day shutdown.

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Long-Term Mortgage Rates Rise, 30-Year at 3.73%

While still at historically low levels, the 30-year fixed-rate mortgage moved higher this week in Freddie Mac’s update, but adjustable mortgage rates fell slightly.

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Home-Flipping Drops Along with Investment Returns

Nationwide home flips dropped 12.9% in 3Q 2019 following an unusually active spring and remain at an almost seven-year low, according to ATTOM. Still, cash-purchase flips hit a two-year high. And a Fla. zip code in Miami-Dade is hot: In 33147, 28.1% of sales are flips.

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It’s a Wee Bit Harder for Some Buyers to Get a Loan

To prepare for a possible economic slowdown, Fannie and Freddie, which back most U.S. mortgages, won’t qualify some buyers with small downpayments or deep debt.

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Fed Stands Firm: No Interest Changes This Month

As expected, the Federal Reserve made no interest-rate-change decisions at its meeting this week, and it didn’t signal a propensity for changes in early 2020.

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Paid $84 for a Labor Law Poster? You May Get a Refund

Fla. AG Ashley Moody says the FTC has more than $1M to refund businesses that were scammed into paying for posters that the government hands out for free.

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