Are owners less inclined to sell? The percent who thought it’s a good time hit a record high in Fannie’s June survey – but it dropped a surprising 11% in July. Source: Florida Realtors
Mortgage rates move a bit lower
The average FRM hit 3.90% this week, down from last week’s 3.93%. The 15-year loan held steady at 3.18%, and the ARM changed little at 3.14%. Source: Florida Realtors
Housing crisis officially started 10 years ago this week
While trouble brewed earlier, the meltdown officially began when a French bank started blocking withdrawals from U.S. mortgage-debt hedge funds. Source: Florida Realtors
It's getting easier to qualify for a mortgage
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
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