South Florida Real Estate

American Consumer Confidence Increased Again

The consumer confidence index exceeded analysts’ expectations and rose to its highest level since July. NEW YORK (AP) – American consumers are feeling more confident than they have since summer, good news for businesses with the all-important holiday shopping season peaking. The Conference Board, a business research group, said its consumer confidence index rose for … Read more

Lessons That Can Transform Real Estate Software

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Lone Wolf Technologies says the real estate industry should look at outside industries to learn how to implement software. NEW YORK – When selecting new software tools, real estate professionals should look at all software options to determine which work together for the desired outcome. Lone Wolf Technologies – a real estate software company – … Read more

Can Green Financing Be The Future of Development?

ATLANTA – Monte Hilleman’s past and present interests include – in no particular order – music, competitive skateboarding and event promotion. He’s also a sustainability guy at heart, and that passion has served him well in his professional career. Hilleman, a record label owner and former competitive “vert” skateboarder, started his current daytime gig with … Read more

Mortgage Forbearance Rates Slide, Confidence Rises

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Since March 2020, mortgage servicers have provided forbearances to approximately 8.1 million borrowers. NEW YORK – The Mortgage Bankers Association’s (MBA) announced a decrease in the number of loans in forbearance with about 130,000 homeowners currently in forbearance plans. The MBA’s monthly Loan Monitoring Survey showed the total number of loans in forbearance dropped by … Read more

Study: U.S. Ill-Prepared to House Growing Aging Population

A Harvard study said creative housing ideas are needed as the aging population booms. PHOENIX (AP) — Michael Genaldi’s road to homelessness began early this year when a car slammed into the rear of his motorcycle, crushed three of his ribs and left him in a coma for over a month. The 58-year-old lost his … Read more

Average Long-Term U.S. Mortgage Rate Falls to 6.67%

Some economists say home sales will increase in 2024 as mortgage rates ease. LOS ANGELES (AP) — Home loan financing costs eased again this week, pulling the average long-term U.S. mortgage rate down to a six-month low. The average rate on a 30-year mortgage dropped to 6.67% from 6.95% last week, mortgage buyer Freddie Mac … Read more

DeSantis Appoints Three to the Florida Commission on the Status of Women

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Maria Wells, 2017 President of Florida Realtors, is among the appointees to the Commission on the Status of Women. TALLAHASSEE, Fla. — Governor Ron DeSantis announced the appointment of Leda Kelly and the reappointment of Candace Falsetto and Maria Wells to the Florida Commission on the Status of Women. The commission communicates, promotes and collaborates … Read more

Top AI Strategies for Real Estate Agents in 2024

Artificial Intelligence has a multitude of uses in real estate, including customer insight, lead generation and property appraisals. NEW YORK – Artificial intelligence is reshaping the real estate industry, and industry professionals can leverage AI strategies in 2024 to streamline transactions, manage properties and engage with clients more effectively. AI can provide real estate professionals … Read more

Federal Reserve on Cusp of Defeating Inflation

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WASHINGTON — It was the most painful inflation Americans had experienced since 1981, when “The Dukes of Hazzard” and “The Jeffersons” were topping the TV charts. Yet the Federal Reserve now seems on the verge of defeating it — and without the surge in unemployment and the deep recession that many economists had predicted would … Read more

New Witness Rule for Many RE Docs Starts Jan. 1

To fight property fraud, Fla. law will require witnesses for deeds and “recording instruments affecting real property” to include their full name and mailing address. TALLAHASSEE, Fla. – A bill passed during the 2023 session of the Florida Legislature, HB 1419, creates a new requirement for “recording instruments affecting real property” in paragraph (c) of … Read more