Brokers who pay for copyrighted photos should read contract terms, says NAR, because a court will soon determine Zillow’s legal-use rights after a listing expires. Source: Florida Realtors
Changes loom for U.S. consumer watchdog bureau
The CFPB, which oversees RESPA, will likely change from semi-independent director oversight to a bipartisan board; and Congress could start setting CFPB’s budget. andmdash Source: Florida Realtors
Fla. homebuyers 11 years older than the U.S. average
The 2016 Profile of Home Buyers and Sellers Florida Report from NAR finds that 50% of state shoppers contacted an agent first when it was time to buy; nationally, only 17% start with a Realtor, and many begin the search process online. Source: Florida Realtors
4.19% average mortgage rate unchanged this week
A rate spike last week was short lived, though current rates are still higher than the average 3.65% for all of 2016. Source: Florida Realtors
Fla. MLS offers 'true lifestyle cost'
My Florida Regional MLS’s new property search website helps buyers visualize the true cost of ownership, by incorporating buyer financial info, historical utility costs, commute times, property taxes, insurance rates and mortgage payments. Source: Florida Realtors
Water bills set to go even higher
Mich. study: 11.9% of U.S. households can’t afford their water bill, but that could rise to 35.6% in five years – and many Fla. areas are considered “high risk.” Source: Florida Realtors
NAR: Pending home sales bounce back in Dec.
In spite of rising mortgage rates and higher home prices, NAR’s Pending Home Sales Index rose 1.6% last month – from 107.3 in Nov. to 109.0 in Dec. Source: Florida Realtors
Gov. kicks off tax cut plan at Florida Realtors event
A $454M business rent tax cut is a major part of Rick Scott’s proposed 2017 state budget, he told Realtors attending Florida Realtors Mid-Winter Business Meetings. Source: Florida Realtors
FAU study: Golf courses still boost home prices
A drop in demand for the sport of golf hasn’t translated into lower values for homes located in golf course communities, providing the course isn’t shutting down. Source: Florida Realtors
NAR: Existing-home sales slide in Dec. but 2016 hits 10-year high
Source: Florida Realtors
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