The drop may be an isolated event, but builders cite problems with new lumber tariffs, and a challenge finding both construction workers and land to build on. Source: Florida Realtors
Demand for Homes to Buy Continues to Climb
Across the United States, there is a severe mismatch between the low number of houses for sale and the high demand for those houses! First-time homebuyers are out in force and are being met with a highly competitive summer real estate market. According to the National Association of Realtors (NAR), the inventory of homes for […]
4 REAL Reasons Why We Buy A Home!
We often talk about why it makes financial sense to buy a home, but more often than not, the emotional reasons are the more powerful or compelling ones. No matter what shape or size your living space is, the concept and feeling of home can mean different things to different people. Whether it’s a certain […]
Congress floats flood insurance ideas – but passage iffy
Lawmakers are considering amendments and bills that seem to favor a six-month extension. To get something passed, Realtors must respond to NAR’s Call for Action. Source: Florida Realtors
First-Time Home Buyers Continue to Put Down Less Than 6%!
According to the Realtors Confidence Index from the National Association of Realtors, 61% of first-time homebuyers purchased their homes with down payments below 6% in 2017. Many potential homebuyers believe that a 20% down payment is necessary to buy a home and have disqualified themselves without even trying, but in March, 71% of first-time buyers […]
Fla. GDP hits $1 trillion mark
If Fla. was an independent country, it would be the world’s 17th largest. The state’s economy has grown larger than Saudi Arabia’s, Switzerland’s and Argentina’s Source: Florida Realtors
Want to Sell Your House Faster? Don’t Forget to Stage! [INFOGRAPHIC]
Some Highlights: The National Association of Realtors surveyed their members & released the findings of their Profile of Home Staging. 62% of seller’s agents say that staging a home decreases the amount of time a home spends on the market. 50% of staged homes saw a 1-10% increase in dollar-value offers from buyers. 77% of […]
The supply of for-sale homes may finally be loosening up
30% of the largest 100 metros had an inventory increase in 2Q (13% in 1Q) thanks to construction and more owners starting to think that prices might be peaking. Source: Florida Realtors
RE groups ban together to push Congress on flood insurance
22 real estate groups and associations – NAR, NAHB, insurers, bankers and others – sent a joint letter to lawmakers pushing them to pass a flood insurance bill. Source: Florida Realtors
Scott declares emergency over algae outbreaks
Gov. Scott issued an emergency order over the reemergence of toxic algae outbreaks on both coasts as the regions’ water quality blossoms into a political issue. Source: Florida Realtors
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