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
NAHB: Home affordability favorable but at eight-year low
When comparing home prices and local incomes, Fla. has the U.S.’s 46th most affordable city (Homosassa Springs) and the 15th least affordable city (Miami metro). Source: Florida Realtors
With FHA rate cut suspended, what comes next?
No one knows, but lower fees often draw people in while higher fees drive them away. One suggested change so far: A 5% minimum downpayment for second-time buyers. Source: Florida Realtors
Fannie, Freddie a taxpayer cash cow for now: $10B sent to Treasury
The government-owned enterprises that back mortgages are a hot topic and risky venture for taxpayers, but they’re also a big U.S. Treasury money-maker right now. Source: Florida Realtors
More people want to be Fla. real estate agents
In 2005, 45,000 people passed Fla.’s real estate licensing exam; by 2008, the number plunged to 8,598 before bouncing back. By 2016, 27,926 people passed the exam, and Fla. now has 250,000 real estate licensees. Source: Florida Realtors
How will immigration reform impact Fla.?
It’s unclear how immigration rules will change, but WalletHub analyzed data to gauge its impact. Overall, Fla. ranked 13th – but 4th in foreign-born residents. Source: Florida Realtors
Buying, selling or renovating? Pets' opinions count
NAR study found that 81% of Americans consider their pets’ needs before agreeing to any kind of home renovation, and 99% consider their pet part of the family. Source: Florida Realtors
Lenders may soon reject some Fla. property insurers
Fannie and Freddie decide which insurance companies are okay, but they may soon delete a few from Fla. lists, which would force 250K owners to find a new insurer. Source: Florida Realtors
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