As expected, the Fed boosted interest rates 0.25 points – which directly impact ARMs – but it also increased expectations to a total of four rate hikes this year. Source: Florida Realtors
Florida home price gains fall short of U.S. average
Thanks to an active hurricane season, Fla. home prices increased more slowly at 5.8% last year, but that should change in 2018 without any similar stormy weather. Source: Florida Realtors
Retirement can come with hidden taxes
Americans can exempt $250K from capital gains taxes when selling their home, but rising property values and inflation may push more people above that threshold. Source: Florida Realtors
Clients don’t seem to read your emails? Maybe it’s you
Many people don’t read an entire email, especially if it’s lengthy. Start with a summary, tell the client what they need to know, and then provide the details. Source: Florida Realtors
Mortgage rates move lower – 2nd week in a row
The average rate on 30-year FRMs – which have been running at their highest levels since 2011 – was 4.54% this week, down from last week’s 4.56%. Source: Florida Realtors
2017 storms have little impact on property insurance rates
While the nation’s three hurricanes and Calif. wildfires created $140B in losses, the cost of reinsurance – insurance for insurers – has remained low. Source: Florida Realtors
Post-recession buyers look at housing differently
Buyers learned a hard lesson during the recession: Prices don’t always move higher. As a result, they’re more cautious today. Source: Florida Realtors
Businesses expanding opportunities for disabled workers
More small biz owners are hiring or actively recruiting disabled adults. Some do it to help out only to discover that they’re a great often-overlooked resource. Source: Florida Realtors
Hurricane season and a tax-free holiday kick off Friday
Floridians have three extra days to stock up on tax-free hurricane supplies like flashlights, batteries and generators this year – from June 1 through June 7. Source: Florida Realtors
NAR applauds passage of banking reform bill
The president is expected to sign S. 2155, a bill that eases some Dodd-Frank rules and encourages small-lender loans by removing some regulatory restrictions. Source: Florida Realtors
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