The rate that affects adjustable-rate mortgages and, indirectly, fixed-rate mortgages will probably be raised at least slightly at the Fed’s next meeting in June. Source: Florida Realtors
Fla. consumer attitudes change course, move higher
After two months of decline, consumer sentiment among Floridians increased six-tenths of a point in April to 98.1 from a revised figure of 97.5 in March. Source: Florida Realtors
Attend Florida Realtors Convention and Trade Expo for free?
Never been to the convention? The first 300 newbies pay only $100 to register and they get that refunded once it’s over. But hurry: Slots are going quickly: Register now. Source: Florida Realtors
'Nonprime' loans expand mortgage options
Banks have money to lend yet fewer applications, so one lender is qualifying borrowers with FICO scores as low as 500 and manually underwriting each loan. Source: Florida Realtors
More renters give up on buying a home
20% of current renters have no interest in buying a home – an increase from 17% last August and 13% in 2016, according to Freddie Mac research. Source: Florida Realtors
NAR-DOJ agreement on virtual offices ends soon
Today’s MLSs give consumers 24/7 access to local home listings thanks to technology, even as NAR’s agreement for online-only brokers ends soon. Source: Florida Realtors
MLS group commits to common IDX feed
MLS RoundTable, which serves about 300K U.S. Realtors, says it will create a consolidated backend, combine feeds, eliminate RETS servers and make other changes. Source: Florida Realtors
Hip adult-only apartments the latest trend in senior living
For older boomers, pinochle, shuffleboard and early-bird specials are out. Yoga, happy hours, computer classes, potluck dinners and high-rise buildings are in. Source: Florida Realtors
New rules make it easier to become a real estate appraiser
The Appraisal Foundation reduced the mandated number of college hours and job training to become an appraiser in a bid to attract more people to the profession. Source: Florida Realtors
Rent increases more slowly, easing strain on Americans
Apartment rent increases slowed more in 1Q 2018. Combined with faster wage growth, the trend may ease some financial stress for low and middle-income households. Source: Florida Realtors
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