With home prices on the rise and buyer demand strong, some sellers may be tempted to try and sell their homes on their own (FSBO) without using the services of a real estate professional. Real estate agents are trained and experienced in negotiation and, in most cases, the seller is not. Sellers must realize that […]
Attend Florida Realtors Convention and Trade Expo for free?
Never been to the convention? The first 300 newbies pay only $100 to register and they get that refunded once it’s over. But hurry: Slots are going quickly: Register now. Source: Florida Realtors
'Nonprime' loans expand mortgage options
Banks have money to lend yet fewer applications, so one lender is qualifying borrowers with FICO scores as low as 500 and manually underwriting each loan. Source: Florida Realtors
What Is Private Mortgage Insurance (PMI)?
When it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase homes with down payments below 20%, you can never have too much information about Private Mortgage Insurance (PMI). What […]
More renters give up on buying a home
20% of current renters have no interest in buying a home – an increase from 17% last August and 13% in 2016, according to Freddie Mac research. Source: Florida Realtors
US Housing Market Still In ‘Buy Territory’!
According to the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the U.S. housing market has continued to move deeper into buy territory, supporting the belief that housing markets across the country remain a sound investment. The BH&J Index is a quarterly report that attempts to answer the question: In today’s housing market, is it better to […]
NAR-DOJ agreement on virtual offices ends soon
Today’s MLSs give consumers 24/7 access to local home listings thanks to technology, even as NAR’s agreement for online-only brokers ends soon. Source: Florida Realtors
VA Loans by the Numbers [INFOGRAPHIC]
Some Highlights: Since the creation of the VA Home Loans Program, 22 million veterans have been able to achieve the American Dream of homeownership. In 2017, $188 billion was loaned to veterans and their families through the program. VA Purchase Loans are on the rise in 46 out of 50 states and Washington, DC. Source: Luxury […]
House Prices: Simply a Matter of Supply & Demand
Why are home prices still rising? It is a simple answer. There are more purchasers in the market right now than there are available homes for them to buy. This is an example of the theory of “supply and demand” which is defined as: “the amount of a commodity, product, or service available and the […]
MLS group commits to common IDX feed
MLS RoundTable, which serves about 300K U.S. Realtors, says it will create a consolidated backend, combine feeds, eliminate RETS servers and make other changes. Source: Florida Realtors
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