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 February. Here are statistics on single family homes.

The new 2021 Generational Trends Report found that one in five millennial buyers (20%) and boomers (22%) are unmarried. And Gen Z is now 2% of all buyers and growing.

National flood insurance will undergo a seismic change for homebuyers on Oct. 1, 2021, and for existing homeowners on April 1, 2022. Under “Risk Rating 2.0,” policy rates will be individualized based on a specific home rather than a general blanket rate based on flood zones.

Government-owned Fannie Mae and Freddie Mac must be reformed, yet if done badly, it could threaten the U.S. housing market and possibly make 30-year mortgages obsolete. But a Senate Banking Committee member issued “guiding principles” that have been backed by NAR.

The Realtor® marketing tool that generates reports for buyers and sellers has been completely redesigned based on member feedback, according to NAR.

FHFA extended mortgage-approval changes added during the pandemic – such as alternatives to appraisals and alternate methods to verify income and employment – through April 30. But the agency said that’s likely the last time it will do so, at least for some of the temporary easements.

The change applies to independent contractors SBA called “disadvantaged” in its earlier calculation system that looked at net profits. Now gross income may be used.

As vaccination rates rise nationwide, commercial real estate is likely to post gains across all sectors, fueled by pent-up demand and a high level of consumer savings, said leading economists.

The National Association of Realtors® applauded the House on Thursday after lawmakers reintroduced and passed the Equality Act, a 2019 bill that would extend fair housing and other civil rights protections to LGBTQ Americans.

The House-passed bill is now in the Senate, and NAR expects most major provisions to pass. The latest stimulus includes aid for state and local governments, new homeowners’ assistance funds, small-business grants, rental-assistance funding, expanded unemployment and more.

Homeowners with mortgages held by Fannie Mae or Freddie Mac cannot be evicted through June 30, nor can renters in buildings acquired by the lending giants. Forbearance was also extended for three additional months, allowing some owners to skip mortgage payments for a total of 18 months.

Study: Homeowners gained $3.1T in equity last year, prices rose at a rate not seen since 2013, inventory dropped by 24% and 58% of buyers faced a bidding war.

An update from March 3rd’s Broward County JIC Snapshot #14 with further details on efforts in Broward County as provided for in the Governor’s Executive Order 21-47.

Realtors® Commercial Alliance members were honored with Deal Maker Awards for their achievements and impact on commercial real estate in 2020.

Florida Realtors®’ data: Single-family home sales rose 18% year-over-year, median sales price up 15.1%; condo sales up 24.6%, median price up 15%. Chief Economist O’Connor: Closed sales in Jan. were “way, way above our historical average,” which is likely for most, if not all, of 2021.

The 30-year fixed-rate mortgage reversed course last week, moving up to a 2.81% average. That marks its highest point since mid-November, Freddie Mac reports.

Home sales could easily be 20% higher if more homes were for sale, says Lawrence Yun, chief economist of the National Association of Realtors®. All four major regions of the U.S. recorded double-digit annual gains for home sales in January.

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 January. Here are statistics on single family homes.

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 January. Here are statistics on single family homes.