Freddie Mac survey: There are a lot of baby boomers out there, and many plan to downsize or move soon – and that would add a lot of homes to the market. Source: Florida Realtors
NAR international survey: Sales down a bit this year
High prices, a strong dollar and weaker economies made U.S. real estate investment challenging, but the Chinese spent more than the next four countries combined. Source: Florida Realtors
Study: Gated community homes sell for more
However, homes in gated communities may not command higher prices if related amenity costs, such as a clubhouse, make overall homeownership more expensive. Source: Florida Realtors
Quicken quietly offers 1% downpayment loans
Quicken uses Freddie’s Home Possible mortgage program that requires 3% down, but it “grants” qualified buyers 2%, making the out-of-pocket downpayment only 1%. Source: Florida Realtors
Have a lower credit score? Apply for a mortgage
It seems illogical: Lenders say they’ll now approve loans to buyers with lower credit scores, but the average score of people actually approved continues to rise. Source: Florida Realtors
Commercial drone use set to take flight with release of FAA rule
Just-released FAA rules create a clearer way for real estate pros to use drones for commercial purposes – “a win for the industry,” says NAR Pres. Tom Salomone. Source: Florida Realtors
Decade after housing peaked: Owners richer, renters hurting
In the 10 years since the mortgage crisis, a growing number of U.S. renters are struggling to become owners, due to surging costs, rising home values and more. Source: Florida Realtors
Tampa is # 7: Top 10 American Cities for Dogs (and the People Who Love Them) by Yuqing Pan
photo courtesy of Inti St Clair/Getty Images Great Article Found on Realtor.com: TAMPA, FL is #7 Quick quiz: Do you… A. Actually enjoy being woken up each morning with a wet nose in your face? B. Feel unashamed to dress your pet like a Victorian child, push him around town in a high-end stroller, and talk to him in […]
Can anything be done about higher insurance costs?
Homeowners’ attorneys, water restoration companies, insurance agents and public adjusters met yesterday to discuss the rising cost of Fla. property insurance. Leaders hope the discussion’s reasonable tone leads to some kind of consensus. Source: Florida Realtors
Technology: Realtors’ top five complaints
What tech issues stress agents the most? Florida Realtors Tech Helpline put together the top five. Leading the list? A computer that’s too slow followed by viruses, malware and adware. Source: Florida Realtors
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