Top economists meeting at NAR’s Washington headquarters said that it’s tough out there for buyers right now, especially first-timers – but help is available. Source: Florida Realtors
Report: Home prices still 'have room to run'
Fla. ranks second for improving “housing market stability” year-to-year, says Freddie Mac, and its MiMi Index for Fla. (86.7) beats the national index (86.7). Source: Florida Realtors
30-year mortgage rate rises again, now at 4.08%
The average FRM reached its highest point of the year this week following a post-election surge in prices – and 50% of experts think the trend will continue. Source: Florida Realtors
Realtor.com forecast: 2017 real estate trends
Mortgage rates will hit 4.5%, home sales will rise 1.9% and prices will go up 3.9% as millennials, boomers and Western cities dominate the real estate market. Source: Florida Realtors
Work begins to extend Fla. property tax increase cap
A constitutional amendment passed in 2008 – one that caps non-homestead property owners’ tax increase at 10% per year – expires in 2019. However, Florida Realtors strongly backs an extension, and voters might reauthorize it in 2018. Source: Florida Realtors
Conforming mortgage limits go up in 2017
For the first time since 2006, the federal government has increased the maximum amount of a conforming loan by $7,100, boosting it to $424,100 in most regions. Source: Florida Realtors
Sales of new homes slipped in October
Commerce Dept.: This month’s sales fell 1.9% compared to Sept., but the rate over the past 10 months is much stronger than the same period in 2015 (12.7% higher). Source: Florida Realtors
Modest economic growth expected
Despite legislative and regulatory uncertainty over the upcoming change in the U.S. administration, Fannie Mae’s latest Economic and Housing Outlook predicts modest growth for 2016 and 2016 at a pace of about 1.8%. Source: Florida Realtors
Don't believe myths about reverse mortgages
A reverse mortgage might be a wise financial option for older adults – or not. However, a lot of misinformation can be ignored. Source: Florida Realtors
Feds update their guidance on 'sober homes'
Sober homes – group homes that serve recovering addicts – are protected under fair housing laws, but new guidance could give cities a bit more oversight. Source: Florida Realtors
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