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Florida REALTORS® News

Buyers snapping up homes at fastest pace in 30 years

NAR: Typical home spent 3 weeks on the market in the year ending in June 2017, down from 4 weeks a year ago – shortest time since NAR data records began in 1987.

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More vets, military members using VA loans for homes

Because of the program's affordability, a total of 740K VA loans were made last year – a record for a single year and up more than 300K from three years ago.

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7 habits of highly effective real estate agents

Some of the seven habits of highly effective real estate pros include expanding their network, staying top-of-mind with leads and generating referrals.

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Escrow scams have grown by $950M in 2017

Technology has made real estate transactions quicker and more vulnerable to hackers and escrow scams. Tech security training, policies can help reduce the risks.

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Realtors square up after House passes tax bill

NAR Pres. Elizabeth Mendenhall says, "the real work to shape this debate is just getting started." NAR calls the bill a tax hike on many middle-class homeowners and says it would lower property values for all homeowners.

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Fla.'s home sales, median prices rise in October

Florida Realtors data: Hurricane Irma's impact on state's housing market resolved by month's end. Single-family sales up 2% over a year ago, median price up 7.1%. Condo sales up 2.2%, median price up 5.2% over Oct. 2016.

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Hurricanes shed light on inadequate insurance

Officials reported only 15% of the 1.6M homes in Houston had flood insurance, while FEMA noted that, in Fla.'s coastal counties, 42% of homes have flood insurance.

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Out of the basement and into a home

Millennials are forming new households and moving to the suburbs to buy homes. Some data show people aged 18-34 have become the nation's biggest group of homebuyers.

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U.S. existing-home sales grow 2% in Oct. from Sept.

NAR: It's the strongest pace since June, but continual supply shortages led to fewer closings year-over-year for the second straight month – 0.9% below Oct. 2016.

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Foreign investors boost Orlando housing market

Florida Realtors report: Foreign buyers accounted for over 20% of home sales revenues in Fla. this year. Metro Orlando was 2nd to Miami as state's biggest draw.

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Tips to prepare your budget before buying a home

Income and expenses should be reviewed before buyers ever begin house-hunting. Property taxes, insurance and maintenance fees are other costs to consider.

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Empty nesters are lured to apartment life

Multifamily developers are focusing on baby boomers now rather than millennials. Between 2009-2015, the number of renters older than 55 increased by 28% or 2.5M.

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Brokers: Leverage your influence to help shape policy

NAR's Broker Involvement Program: Agents are 5 times more likely to respond to a legislative CFA from their broker. Ask agents to join NAR's Call for Action today.

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Florida Realtors gives thanks

On Thursday and Friday, Florida Realtors' offices will be closed for Thanksgiving. Florida Realtors News, the Tech Helpline and Legal Hotline will return on Monday.

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