Consumer sentiment for July was slightly revised to 66.4, down from June’s 68.2. Inflation expectations fall, but economic attitudes remain cautious amid high prices. WASHINGTON – The University of Michigan released revised data on Friday showing consumer sentiment in the U.S. deteriorated by slightly less than previously estimated in the month of July. The report … Read more
With practice changes coming that include prohibiting offers of compensation on MLSs, it’s imperative that brokers, agents and appraisers keep open communication. CHICAGO – Data is the main ingredient in the appraisal process. Clear, concise and verifiable data helps to ensure an accurate appraisal report. Where do appraisers get such data? They depend on the … Read more
Don’t miss your chance to hear from the Florida Realtors legal team about the amended Buyer Broker Agreements. Free webinars today and Tuesday. ORLANDO, Fla. — All Realtors® must change the way they do business when dealing with buyers, so it is crucial to equip yourself with the necessary tools and knowledge for success. Your … Read more
Join the Florida Realtors® legal team for an online discussion about the amended Buyer Broker Agreements. The free webinars will be held Monday and Tuesday. ORLANDO, Fla. — Because all Realtors® must change the way they do business when dealing with buyers, it is more important than ever to have the tools and knowledge you need … Read more
CHICAGO – Although limited housing inventory, rising home prices and high mortgage rates have pushed existing-home sales to a 30-year low, a market turnaround is coming in 2025, Lawrence Yun, chief economist for the National Association of Realtors®, predicted during NAR’s latest Real Estate Forecast Summit. He said mortgage rates will likely fall in the … Read more
Florida Realtors released three forms – one revised and two new – in response to the NAR settlement agreement effective Aug. 17. ORLANDO, Fla. – Florida Realtors® released new showing agreement forms on Tuesday. All forms are available in the Form Simplicity library. Links to /law-ethics/nar-settlement-sitzer-burnett-lawsuit Latest: Florida Realtors has released new compensation and showing … Read more
Commercial foreclosures decreased 14% from last month but increased 48% from last year. States with the most commercial foreclosures in June included Florida and California. IRVINE, Calif. – Commercial foreclosures across the United States have continually increased over the years from a low of 141 in May 2020 to the current figure of 647 in … Read more
A growing number of sellers are using pets in their staging photos, but be careful, experts say. Pets could raise questions about unwanted odors, among other things. NEW YORK – Until recently sellers were advised not to include their pets in photos of home listings. Now agents are saying that well-behaved dogs in photo listings, … Read more
Mortgage rates dropped to their lowest level in months. Four Florida cities lead the nation with biggest YoY median sale price increases and new listings. SEATTLE — The typical U.S. homebuyer’s monthly housing payment was $2,722 during the four weeks ending July 14, $115 lower than April’s all-time high, according to a new report from … Read more
NEW YORK – In most service-oriented industries, customers want to work with professionals who can prove they’re up to the task, whatever it may be. Customers want to understand what they’re paying for, and professionals must be able to articulate their expertise. This is – and has always been – true in real estate, but … Read more
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