Advocates said Facebook allows landlords and real estate brokers to illegally discriminate if they nix protected classes when selecting an audience for their ads. Source: Florida Realtors
U.S home prices post 6.2% annual gain in Jan.
SandP CoreLogic Case-Shiller: The home price surge continues with values pushed higher by a shortage of homes for sale. Source: Florida Realtors
Gov. Scott signs HOA, real property and trust fund bills
One bill changes some of the rules condo associations must follow. After July 1, for example, they can’t prohibit owners from installing vehicle charging stations. It also touches on financial reporting, voting on common elements and more. Source: Florida Realtors
Gov. Scott signs real estate-related bills into law
New laws will change the way Fla. regulates and defines “mortgage lenders,” boosts flood ins. warnings, and adjusts rules for HOA covenants and restrictions. Source: Florida Realtors
Report: Fla. building codes thwarted hurricane damage
Fla.’s building codes top all other states, according to a report that found the state’s newer construction was better able to withstand Hurricane Irma damage. Source: Florida Realtors
Economist calls home construction 'vastly inadequate'
NAR Chief Economist Lawrence Yun calls home construction “the key to economic prosperity” but sounds an alarm because numbers are moving in the wrong direction. Source: Florida Realtors
Big question for Fed: 3 or 4 interest rate hikes this year?
The Fed meets again this week to consider hiking interest rates, which directly impact short-term mortgage rates and, indirectly, fixed-rate loans. Source: Florida Realtors
Feb. housing starts fell 7% after Jan. surge
The construction slowdown came from a 28% plunge in multifamily building starts. Groundbreakings for single-family homes rose 2.9%. Source: Florida Realtors
Mortgage rates fall for the first time this year
The average rate on a 30-year FRM slipped to 4.44% from 4.46% last week due, in part, to a government report that inflation pressures may be easing. Source: Florida Realtors
NAR study: Millennials buying the most homes
Millennial purchases ticked up year-to-year, but a tight inventory and higher costs subdued activity, and forced many to keep living in their parents’ basements. Source: Florida Realtors
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