Census Analysis: In Population Growth, Florida Ranks No. 2
An analysis by Pew Charitable Trusts: 16 states’ populations have declined since the Great Recession, but one of the big winners is Florida (up 241K).
HUD May Allow Private Flood Insurance for FHA Loans
The comment period has ended for a proposal that would allow FHA to accept private flood insurance. NAR strongly backed the change and urges immediate adoption.
Mortgage Rates Move Lower, Down to 2.73%
The average 30-year, fixed-rate mortgage dropped from last week’s 2.77%. A Freddie Mac economist attributes it to a new administration and COVID-19 “malaise.”
President Biden Signs Executive Order on Fair Housing Issues
Biden summarizes the history of U.S. housing discrimination, promises a focus on solving problems, and asks HUD to study two recent regulations that may be repealed.
Love Letters or Liability Letters?
Buyer love letters are a tactic used by some buyers in an attempt to stand out to a seller, especially in hot markets with low inventory and bidding wars.
Florida Real Estate Commission (FREC) Rule Change
Florida Real Estate Commission (FREC) has amended FREC Rule 61J2-10.038(2) Requirement for Notification to include current email addresses in addition to mailing addresses.
Luxury Open House Weekend Draws Prospective Buyers to South Florida Listings
Luxury Open House Weekend connects home buyers with local Realtors® and helps South Florida homebuyers purchase the house of their dreams at the right price.
FHA Evictions Officially Postponed Until March 31
HUD Acting Secretary Matthew Ammon said he acted on Pres. Biden’s request, calling it “a critical first step” to ensure families “will not be forced from their homes.”
Florida’s Housing Market: Strong Gains in December
Florida Realtors® Dec. data: More closed sales (single-family sales up 21%, condo-townhouse sales up 27.7%), more new pending sales, higher median prices and more new listings year-over-year. Chief Economist O’Connor: Higher pending sales “strongly signal” higher closed sales into 2021.
2020's Existing-home Sales Attain 14-Year Peak
Existing-home sales in 2020 surged to the highest level in 14 years, landing 22% higher than a year ago, the National Association of Realtors® reported.
Local CEO Ranks Among ‘Most Powerful and Influential’ in Real Estate in Swanepoel Power 200
Congratulations to Dionna Hall, CEO of Broward, Palm Beaches & St. Lucie Realtors® and BeachesMLS for being ranked internationally among the most influential people in real estate in the 2021 Swanepoel Power 200.
St. Lucie County Ends 2020 With a Bang, New High in Median Price
Just in! Newly released market reports from Florida Realtors® detailing recent real estate activity in St. Lucie County. The reports compare year-over-year data for December. Here are statistics on single family homes.
Martin Closed Sales & Median Price Increase for Seventh Straight Month
Just in! Newly released market reports from Florida Realtors® detailing recent real estate activity in Martin County. The reports compare year-over-year data for December. Here are statistics on single family homes.
Palm Beach County Ends 2020 With a Bang, New High in Median Price
Just in! Newly released market reports from Florida Realtors® detailing recent real estate activity in the Palm Beaches. The reports compare year-over-year data for December. Here are statistics on single family homes.
Broward County Ends 2020 With a Bang, New High in Median Price
Just in! Newly released market reports from Florida Realtors® detailing recent real estate activity in Broward County. The reports compare year-over-year data for December. Here are statistics on single family homes.
Florida Gets $85.8M to Address Housing Instability, Homelessness
The money goes to rental assistance, emergency shelters and street outreach programs that connect unsheltered homeless people with local housing and essential services.
FHFA Extends Foreclosure and REO Eviction Moratoriums
Homeowners with mortgages held by Fannie Mae or Freddie Mac cannot be evicted until Feb. 28, 2021. The extension covers more than 50% of American owners with a mortgage.
NAR Simulation Training Tackles Discrimination in Real Estate
New interactive training simulation helps agents identify, confront discrimination in homebuying
Single Family Construction Rises 13.6% in Second-Home Markets
In areas with a lot of vacation and second homes, single-family construction rose 13.6% in the third quarter; in areas without second homes, it only rose 10.5%.
DeSantis Provides Details on Federal Rental Assistance Program
Cities and counties with populations of 200K-plus will distribute their rental-assistance money to landlords and renters (about $550M), and Florida will distribute the funds in all other areas (about $850M). The dollar amounts are estimates, and DeSantis expects funding “in the coming weeks.”