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
Fed again hikes short-term interest rates
Credit card holders will soon pay more. So will people with adjustable-rate mortgages or home equity lines of credit. But will it impact long-term mortgage rates? Source: Florida Realtors
NAR answers questions about Zillow 'Instant Offers'
Change is constant in the real estate industry, and since many Realtors are talking about a recent Zillow move, NAR published answers to common questions. Source: Florida Realtors
Set to hike rates, Fed wrestles with low inflation
Experts: The Fed likely will raise its key short-term rate by a quarter percentage point to a range of 1% to 1.25% this week – the third such hike since Dec. Source: Florida Realtors
Root causes for U.S.'s depressed homeownership rate
Study: Affordability issues, student loan debt, tight credit conditions and housing supply shortages are keeping the homeownership rate stuck near a 50-year low. Source: Florida Realtors
Fannie to loosen mortgage requirements
On July 29, Fannie Mae will raise its debt-to-income ceiling from 45% to 50%, making it possible for a larger number of new buyers to qualify for a mortgage. Source: Florida Realtors
Millennials may see a 2017 home-buying turnaround
U.S. homeownership rate is 63.6% (64.6% in Fla.), but owner households formed at double the rate of renter households in 1Q 2017 – a key to homeownership growth. Source: Florida Realtors
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