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
Housing starts rebound 8.3% in June to four-month high
In May, experts wondered if the drop in housing starts was an anomaly, and June’s surge suggests that it was. In addition, building permits rose 7.4%. Source: Florida Realtors
NAR balks at FCC proposal, says industry needs open internet
The FCC wants to allow internet providers to charge website owners for faster loading, but NAR says that would limit consumers’ access to real estate listings. Source: Florida Realtors
Some homeowners losing confidence in their property insurer
More private S. Fla. insurers are pulling out of the market or raising rates, in large part because assignment of benefits claims make it unprofitable to stay. Source: Florida Realtors
Average mortgage rates rise above 4%
The average 30-year mortgage was 4.03% this week, passing the psychologically noteworthy level of 4% for the first time since May. Source: Florida Realtors
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