The Fed is expected to raise interest rates next week, nudging the 30-year FRM higher. Most experts (70%) polled this week predict rate increases will continue. Source: Florida Realtors
Realtors: How will health insurance bill affect you?
The U.S. House introduced a healthcare bill this week that changes the current system. NAR is studying the issue to see where it might help or hurt Realtors. Source: Florida Realtors
How will housing change over the next decade?
Be ready for some major demographic housing shifts: Demand will be higher overall, but buyers in their 20s will drop as the number in their 30s and 40s grows. Source: Florida Realtors
Can a community assoc. board sue a unit owner for defamation?
Some people complain more than others, but is there a point where criticism turns into harassment? With boards and unit owners, the answer is complicated. Source: Florida Realtors
Average 30-year mortgage rate falls to 4.1%
FRM rates fell again this week, but with the Fed threatening an interest rate hike soon, 70% of experts predict they’ll go higher and none anticipate a decline. Source: Florida Realtors
Fla.'s lack of industry compared to some other states and nearby oceans
Naples has the cleanest air in U.S.; Ocala ranks No. 3. Realtor.com study credits Fla.’s ocean breeze and limited industry for an overall lack of air pollution. Source: Florida Realtors
Dec. home prices rise at fastest pace in a year
SandP/Case-Shiller: Year-to-year, U.S. home prices rose 5.6%, the fastest pace in 11 months, as homebuyers bid against each other for a limited supply of listings. Source: Florida Realtors
NAR: Pending home sales weaken in Jan.
A tight listing inventory translated into 2.8% fewer homes under contract, due largely to drops in the West and Mid-West. In the South, pending sales rose 0.4%. Source: Florida Realtors
Mortgage rates edge up – but not much
Rates rose negligibly from last week’s 4.15% to 4.16% this week, and half the experts polled this week predict relative stability over the short term. Source: Florida Realtors
Fla.'s housing market: More sales, rising prices in Jan.
Positive trends: Single-family home sales rose 5.2% year-to-year, median price up 10.1% to $220,000. Condo sales rose 6.2% and median price up 6.6% to $161,000. Source: Florida Realtors
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