When you encounter a buyer who has already signed an exclusive agreement with a brokerage firm, remember a Realtor®’s ethical duty to avoid interfering with another firm’s exclusive relationship.
National home sales ticked up in July, led by steady month-over-month growth in the South, Northeast and West. Inventory reached its highest since 2020.
Florida Realtors’ data: No major shifts in trends seen in past months, as economic uncertainty and mortgage interest rates hovering around 6.5% remain factors.
Most Q2 visitors were domestic, though overseas travel to Florida rose 11.4% year over year, according to state data.
Juana Watkins reminds members that even if a form looks familiar, be sure to review the contract, line by line, to make sure something isn’t missed, changed or added by the other side.
Eligible first-time buyers can receive up to $35K for down payments and closing costs through the Hometown Heroes Housing program, a Florida Realtors' priority.
Housing starts increased 5.2% in July but affordability remains a challenge. Combined single- and multifamily starts fell 2.4% in the South YTD.
Mortgage applications jumped by 6.8% YoY in July and 7% from June, driven by slightly lower mortgage rates and more newly built inventory.
Small businesses in eight Florida counties can apply for SBA low-interest loans until Sept. 15 to cover economic losses from Hurricane Milton.
Consumers are no longer bracing for the worst-case scenario for the economy but continue to expect rising inflation and unemployment, the University of Michigan said.
