Florida Realtors News

AEI/CRL: If lots of inflation-hit owners refinance to take cash out, their temporary financial fix may lead to foreclosure if the funds run out or their home value falls.

Buyers are lowering down payments thanks to inflation, high home prices and more sellers willing to negotiate. At $42K, it’s the lowest money down in two years.

The Fed hit a middle ground. A quarter-point hike suggests it’s fighting inflation and only a bit worried about banks – though it also nixed language about future increases.

Fla.’s State Broadband Officer will use $5M from HUD to connect some of the 11% who can’t access the internet, including the 3% who have no connection options.

Florida Realtors: Closed single-family sales fell 21.3% last month amid inflation and higher interest rates, but for-sale inventory rose 131.4% to a 2.7-months’ supply.

In Feb., month-to-month home sales surged 14.5% as buyers locked in lower mortgage rates, but a 0.2% price drop is the first decline in almost 11 years.

A senior-housing project aimed at middle-class adults gives them an option other than “dying in my house.” The Mass. prototype charges only $1,800 per month.

A rule changed in 2020 was reinstated. As a result, HUD still considers “disparate impact” and “perpetuation of segregation” illegal forms of discrimination.

NAR announced the names of the 50 finalists vying for its 2023 30-Under-30 class, and five are from Fla. Voting for a “Web Choice Winner” opens March 31.

Is that buyer or seller a “person” or a “side in the transaction”? The former builds customer loyalty over the long term – the latter not so much.