According to the Realtors Confidence Index from the National Association of Realtors, 61% of first-time homebuyers purchased their homes with down payments below 6% in 2017. Many potential homebuyers believe that a 20% down payment is necessary to buy a home and have disqualified themselves without even trying, but in March, 71% of first-time buyers […]
Fla. GDP hits $1 trillion mark
If Fla. was an independent country, it would be the world’s 17th largest. The state’s economy has grown larger than Saudi Arabia’s, Switzerland’s and Argentina’s Source: Florida Realtors
Want to Sell Your House Faster? Don’t Forget to Stage! [INFOGRAPHIC]
Some Highlights: The National Association of Realtors surveyed their members & released the findings of their Profile of Home Staging. 62% of seller’s agents say that staging a home decreases the amount of time a home spends on the market. 50% of staged homes saw a 1-10% increase in dollar-value offers from buyers. 77% of […]
The supply of for-sale homes may finally be loosening up
30% of the largest 100 metros had an inventory increase in 2Q (13% in 1Q) thanks to construction and more owners starting to think that prices might be peaking. Source: Florida Realtors
RE groups ban together to push Congress on flood insurance
22 real estate groups and associations – NAR, NAHB, insurers, bankers and others – sent a joint letter to lawmakers pushing them to pass a flood insurance bill. Source: Florida Realtors
Scott declares emergency over algae outbreaks
Gov. Scott issued an emergency order over the reemergence of toxic algae outbreaks on both coasts as the regions’ water quality blossoms into a political issue. Source: Florida Realtors
Instagram hour-long IGTV videos good for real estate
Instagram now allows users to create videos up to an hour long through its IGTV app, which works as a button inside Instagram and as a standalone app. Source: Florida Realtors
Average U.S. 30-year mortgage rates fall to 4.52%
Freddie Mac: Rates have declined in five of past six weeks, but a year ago, the average 30-year FRM was 3.96%. Average 15-year FRM slipped to 3.99% this week. Source: Florida Realtors
2018 hurricane season may not be so busy after all
Source: Florida Realtors
UF: Fla. consumers' confidence dips a bit in June
The index that measures sentiment dipped 1.9 points last month to 98.3. Attitudes about current conditions and future expectations both dropped a bit. Source: Florida Realtors
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