More millennials in their prime home buying years, rising household formation and continued job gains are expected to boost housing next year. Source: Florida Realtors
Distressed home sales hit nine-year low in 3Q
ATTOM: Cash sales also logged a nine-year low. But Fla. ranks high in year-over-year median sale price increases, distressed sales and the number of cash buyers. Source: Florida Realtors
Survey: Rising prices entice likely sellers to wait
Home seller conundrum: Move-up buyers want to jump into the market now before prices go up, but they also want to wait and get top dollar for their current home. Source: Florida Realtors
Which websites have the fairest agent-rating system?
The Pa. Association of Realtors looked at nine websites that rate real estate agents, and found nine different rating systems with varying degrees of accuracy. Source: Florida Realtors
First-time buyers, single women get traction in 2016
NAR’s 2016 buyer-seller survey found that FSBO transactions hit at an all-time low, almost 90% of buyers and sellers worked with a real estate agent, and the share of first-time buyers ticked up to 35%. Source: Florida Realtors
HUD sets FHA requirements for condo financing
If a condo buyer wants FHA funding in a low-occupancy complex, the developer must show higher reserves, few dues in arrears and proof of its long-term stability. Source: Florida Realtors
New home sales rose 3.1% in September
A tight inventory of new homes didn’t slow growth in Sept. as new home sales rose 3.1% thanks to recent hiring gains and still-low interest rates. Source: Florida Realtors
SandP index: Home prices rose in August
Prices went up 5.1% in August after a 5% gain in July as an increasing number of buyers competed for a decreasing number of listings. Source: Florida Realtors
Your buyers' nemesis: Student debt, high rent
Study: 53% of potential homebuyers with student loan debt say the debt is “somewhat” or “very much” an obstacle to them buying a home, up from 49% in 2014. Source: Florida Realtors
Supreme Court limits benefits when insurers go broke
A property-insurer-paid Fla. fund helps owners if their property insurer goes bankrupt, but a payout doesn’t have to be as good as the benefits stated in a now-defunct policy; and the court ruled that a 2011 law can be applied retroactively. Source: Florida Realtors
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