Economists say the Fed will cut rates only once this year, in December, as opposed to the previously projected two rate cuts. WASHINGTON – Affordability constraints continue to limit the number of buyers willing and able to make home purchases, even as listings of for-sale homes rise, according to the June 2024 commentary from the … Read more
Florida Realtors Education Foundation will help 179 students with college costs this year. Since it started in 2010, it has given more than $2.74M in scholarships. ORLANDO, Fla. – As young people head off to college this fall, 179 of them from communities across Florida will receive financial help for their costs through scholarships from … Read more
New listings, median sales prices rose YoY for existing single-family homes, up 15.2% and 1.6% ($426.5K), and for condo-townhouse units, up13.8% and 1.5% ($330K). ORLANDO, Fla. – In May, Florida’s housing market reported more new listings, increased for-sale inventory and higher median prices compared to a year ago, according to Florida Realtors®’ latest housing data. … Read more
The median existing-home sales price jumped 5.8% from May 2023 to $419,300 – the highest price ever recorded and the 11th consecutive month of YoY price gains. WASHINGTON – Existing-home sales slightly declined in May as the median sales price climbed to a record high, according to the National Association of Realtors®. In the four … Read more
Florida Realtors has released new buyer representation forms in advance of the practice changes related to the NAR settlement. Links to /media/4629 Florida Realtors has released four new forms — two compensation agreements and modification forms, for each compensation agreement. ➡️ CLICK HERE TO FIND THE FORMS & LEARN MORE ORLANDO, Fla. – Florida Realtors® … Read more
RE Q&A: Can the seller keep the deposit, since there is a signed contract? It depends on the financing section of your contract, timing and other specific details. FORT LAUDERDALE, Fla. – Question: We recently signed a contract to sell our home. Yesterday, our real estate agent told us the buyer was canceling because they … Read more
The proposed increase, on average 13.5%, will go to the state Office of Insurance Regulation for review and potential approval. TALLAHASSEE, Fla. — While saying Florida’s insurance market is improving, the Citizens Property Insurance Corp. Board of Governors on Wednesday backed a proposal that would lead to customers across the state seeing double-digit rate increases … Read more
For the first time in state history, the median sale price for Florida exceeded that of the national number and has stayed there for several months. ORLANDO, Fla. – Each month, Florida Realtors® publishes a bevy of housing statistics, but few are examined as often as the median sale price of homes. The market price … Read more
Early results from the University of Michigan’s consumer sentiment index show sentiment is currently about 31% above the trough seen in June 2022. WASHINGTON – Preliminary results show consumer sentiment declined 3.5 points in June to hit 65.6, 1.4 points higher than one year ago. The Current Economic Conditions Index fell 7.1 points from the … Read more
Florida saw more than three times the influx of retirees than any other state. Many are moving to the St. Pete area. NEW YORK – As people retire, their goals shift, often causing them to reconsider where they’re living and how they spend their money. Places with a high cost of living, high taxes and … Read more
© 2024 Galleria International Realty
