After a two-month decline, consumer sentiment in the state rose 2.1 points in June as four out of five components moved higher. Source: Florida Realtors
30-year mortgage rates hit 2017 low: 3.88%
It’s a marginal drop from last week and 15-year rates stayed the same: 3.17%. Still, fixed rates seem immune so far from the Fed’s short-term rate increases. Source: Florida Realtors
New Fla. laws go into effect July 1
7 real estate laws drafted by the Florida Legislature and signed by Gov. Scott go into effect Saturday, including a Florida Realtors priority: estoppel fee caps. Source: Florida Realtors
Scott vetoes condo sprinkler bill; cites London fire
The bill eased fire sprinkler mandates in Fla. condos and had almost unanimous support in the Legislature. But the London high-rise fire that killed 79 people “illustrates the importance of life safety protections,” the governor said in his veto. Source: Florida Realtors
Fed court upholds photo copyright charge against Zillow
Using photos that you found on the Internet? Don’t. A second court upheld a copyright charge last week against Zillow, though it lowered damages to $4M. Source: Florida Realtors
Long-term mortgage rates down slightly this week
The big news is that fixed-rate mortgages didn’t go higher this week, though the drop is marginal. They averaged 3.90% compared to last week’s 3.91%. Source: Florida Realtors
Fla.'s home sales, median prices up in May 2017
Year-over-year, existing single-family home sales rose 7.6%, median sales price up 7.7% to $239,000. Condo sales up 8%; median sales price up 8.1% to $178,000. Source: Florida Realtors
Citizens customers could be paying more in 2018
The state-run property insurer wants to raise homeowner rates by an average of 5.3% and commercial accounts by an average of 8.4%, but regulators must OK the hike. Source: Florida Realtors
Gov. Scott signs renewable energy bill
Lawmakers passed a renewable-energy bill (SB 90) supported by Florida Realtors after nearly 73% of voters approved the constitutional amendment last August. Source: Florida Realtors
The zero-down loan? It's making a comeback
Some experts said no-downpayment mortgages led to the housing crisis, but some lenders are starting to offer them again anyway. Source: Florida Realtors
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