Florida Realtors News

New home sales in the United States fell in April by 4.7% compared to the previous month. The average sale price nationally was $505,700.

Bankrate found that Florida buyers need to earn $114,771 to purchase a median-priced home. New construction can’t keep pace with the demand for affordable housing.

Nine property insurance companies have  filed for 2024 rate reductions and 10 won’t be increasing rates at all. Is your company on the list?

The Fed said higher rates might be having a smaller effect on inflation because, in part, many homeowners locked in low mortgage rates during the pandemic.

The average rate on a 30-year mortgage fell to 6.94% from 7.02% last week and borrowing costs on 15-year fixed-rate mortgages dipped 6.24% from 6.28%.

Making a home look better doesn’t always mean an expensive remodel. Consider some smaller, easier projects that can make a big impact.

The days of frantic multiple offers are in the rearview mirror, and buyers are doing more due diligence. However, there are things you can do to help avoid buyer’s remorse and sometimes legal action.

A swing in mortgage interest rates can translate into hundreds more per month and affect loan approvals. Use our graphic to help clients understand rate changes. 

Qualified business grants could be a great way to launch or expand a brokerage, but scams are everywhere. Watch for warning signs. 

Experimenting with artificial intelligence, like ChatGPT? Beware, there are legal and ethical pitfalls. We cover them here.