For mortgage lenders, it’s about competition. They see rising home prices and more qualified buyers, so they’re easing standards to attract more business. Source: Florida Realtors
CRE report: Polarization top issue affecting real estate
What top risk factors threaten real estate? CRE’s annual list of the top 10 also includes technology, generational changes, retail disruption and health care. Source: Florida Realtors
Amazon's Alexa adds more real estate skills
A survey found that 72% of Americans in smart homes want voice control, so Coldwell Banker rolled out a service that offers company news and real estate trends. Source: Florida Realtors
Average mortgage rates steady: 30-year at 3.93%
Rates were virtually unchanged, though up a smidgen compared to last week’s 3.92%. For all of last year, the 30-year FRM averaged 3.65%. Source: Florida Realtors
Commercial Realtors income up 11% year-to-year
NAR’s annual report also found a 19% increase in sales transaction volume, which indicates a growing economy and an uptick in the number of Realtors who choose to specialize in commercial real estate. Source: Florida Realtors
Study: Best U.S. cities to flip homes
What’s the best city in Fla. to flip a home? A WalletHub study found that Tampa ranks sixth out of 150 national metros, though Orlando (No. 16) isn’t far behind. Source: Florida Realtors
Mortgage rates fall again – second straight week
Fixed-rate mortgages rose above 4% three weeks ago, but they’re down to 3.92% this week even though the Fed has increased short-term rates 4 times in 18 months. Source: Florida Realtors
Fla. credit/debit card skimmers increase 160% this year
State officials say skimmers, which record data and passcodes, are now showing up at more gas stations and even retail stores. Source: Florida Realtors
Home prices hit record high for sixth time in 6 months
The Standard and Poor’s CoreLogic national home price index increased 5.6% in May, the latest data available. It’s now 3.2% higher than its July 2006 peak. Source: Florida Realtors
Some urge sprinkler mandates across U.S. after Honolulu fire
It’s not only Fla. wrestling with rules for high-rises. Other U.S. cities are also trying to find a balance between the high costs to retrofit vs. resident safety. Source: Florida Realtors
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