In 2022, new-home sales were down 16.4% compared to 2021, but falling mortgage rates have pushed sales higher recently. In Dec., they were up 2.3% month-to-month. WASHINGTON – New-home sales posted a modest gain in December, increasing 2.3% (seasonally adjusted annual rate) from a downwardly revised reading in November, according to newly released data by … Read more
NAR responded to the White House rental program by suggesting other solutions, such as grants, and warning that policies can drive housing providers from the market. WASHINGTON – On Wednesday, the Biden-Harris Administration announced a new 18-page Blueprint for a Renters Bill of Rights. It’s a multipronged approach that impacts a number of government agencies, including … Read more
The extensive blueprint creates changes via DOJ, HUD, FHFA, FTC, CFPB and others. Builders say it could be worse, but the “order is the wrong strategy.” WASHINGTON – On Wednesday, the Biden-Harris Administration announced new actions to “increase fairness in the rental market and further principles of fair housing” that align with a new Blueprint … Read more
The property manager of an HOA tells residents who they should vote for in a board election and how to vote on assessments. Does Fla. law allow that? WEST PALM BEACH, Fla. – Question: Can the property manager of our homeowners association tell owners who to vote for in a board election, or when it … Read more
AI (artificial intelligence) will be big this year, as will questions on using it legally in some cases. Also expect more on 5G speeds and blockchain use. NEW YORK – Technology innovations predicted for the real estate arena in 2023? Expect to hear more about the expanding use of artificial intelligence (AI) in multiple areas, … Read more
For independent contractors, a slowing market might mean less money. But budgeting is always important since commission checks ebb and flow. CHICAGO – You may be watching your cash flow during the market slowdown. Use these smart tips to protect your nest egg. News about economic tumult may be making you feel jittery about your … Read more
Communication changed in the past 20 years, but the need for it hasn’t. No matter the form, customers want regular, transparent and respectful connections. ©Florida Realtors® Source link
TALLAHASSEE, Fla. – A second notable swell of newcomers traded out-of-state driver’s licenses last year for ones with a Sunshine State address following temptations of tropical succor, an income tax desert or a particular political ethos. More than 583,200 people were freshly entered into the state Department of Highway Safety and Motor Vehicles database in … Read more
Florida Realtors data: But for-sale inventory rose and median sales prices up year-over-year. Single-family homes up 15.7% to $402,500; condos up 21.6% to $306,500. ORLANDO, Fla. – As 2022 ended, Florida’s housing market looked similar to the more traditional market years prior to the pandemic in terms of total closed sales, though it fell short … Read more
FHFA, the oversight agency for Fannie Mac and Freddie Mac, announced a continuing loan structure that generally favors first-time and lower-income buyers. WASHINGTON – The Federal Housing Finance Agency (FHFA) directed Fannie Mae and Freddie Mac to reduce the Loan Level Price Matrix (LLPAs) in 2022 for most homebuyers, though LLPAs may be a bit … Read more
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