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NAR: August Existing Home Sales Drop 2.0%

Published September 22, 2021

The decline follows two months of increases. NAR’s chief economist says buyer demand remains strong, but higher prices have pushed many to wait for more inventory.


Prefab Construction? Don’t Call It a Mobile Home

Published September 22, 2021

The industry has been fighting mobile-home thinking. With pre-fab, the entire home is built onsite after 50%-80% of individual elements are constructed offsite.


SEC Brings First Crowdfunding Fraud Case

Published September 22, 2021

Crowdfunding continues to grow as a way to invest in real estate, but the SEC alleges that some investors pocketed money intended for cannabis real estate purchases.


Flood Insurance Alert: Need to Know Info on Oct. 1 Changes

Published September 22, 2021

NFIP’s Risk Rating 2.0 becomes effective on Oct. 1. Register for Florida Realtors webinar (Tue., Sept. 28) to learn the changes and best practices.


Florida Realtors Named One of Central Fla.’s Top Workplaces

Published September 22, 2021

Energage sends workplace culture surveys to companies on behalf of the Orlando Sentinel, and the state Realtor association was named one of the area’s best places to work.


Fla.’s Housing Market: Median Prices, New Listings Up in August

Published September 22, 2021

Florida Realtors’ data: More new listings and higher median prices – up 18% for single-family homes to $354,000; up 16.1% to $252,500 for condos – than a year ago. Single-family home sales rose just 0.2%, but condo sales were up 13.1%. Chief Economist O’Connor: Condo-townhouse market “remains the hotter market for now.”


NAR Realtor Relief Fund Telethon Raises $350K

Published September 21, 2021

Realtors raised almost $350K in three hours in support of disaster victims. The virtual event, part of the “Hope Rising” campaign, celebrated RRF’s 20th anniversary.


Inflation Forces Builders to Take It Slow, Raise Prices

Published September 21, 2021

How much will lumber cost in six months? When builders don’t know how much supplies will cost upon arrival, they grow skittish about quoting prices and gauging demand.


New Flood Rates Debut Oct. 1 Unless Congress Acts

Published September 21, 2021

The Biden administration doesn’t plan to stop FEMA’s “Risk Rating 2.0” from going into effect, leaving Congressional leaders to decide. NAR backs the new structure that charges by individual home rather than flood zone, but it’s facing opposition from other real estate groups.


Foreign Buyers May Return in Nov. as U.S. Eases Restrictions

Published September 21, 2021

Travelers must be fully vaccinated and have a recent negative COVID-19 test if flying to the U.S., but the change could allow more buyers to physically tour homes.


Fed Likely to Signal a Pullback in Economic Support

Published September 21, 2021

The Federal Reserve used its tools to tamp down interest rates in order to help a pandemic-harmed economy – but they’re expected to ease that support later this year.


Aug. Home Construction Up 3.9% After July Drop

Published September 21, 2021

A better-than-expected rebound came largely from the apartment-construction segment that rose 21.6% compared to a 2.8% decline in single-family-home starts.


More Canadian Snowbirds Plan Their Florida Return

Published September 20, 2021

A summer survey found that over 90% of snowbirds expected to return to Fla. this winter – but sentiments have dipped a bit since the COVID delta variant hit.


Home Prices a Reason to Rent?

Published September 20, 2021

It depends on where you want to live, at least according to a new report that analyzed the top 100 U.S. metros. But no Fla. metros were in the top 10 overvalued markets.


Report: America Is Short 5.24M Homes

Published September 20, 2021

Realtor.com: The shortfall continues and even increased by 1.4M homes since 2019. New-home construction has hit its slowest pace since 1995 and isn’t much headway.


Builder Confidence Reverses a 3-Month Decline

Published September 20, 2021

The index rose one point to 76 this month – any number over 50 is positive – but the labor shortage and cost/availability of raw materials remain challenging.


Dwindling Supply of Homes May Be Poised for a Turnaround

Published September 20, 2021

About 850K homeowners may have their mortgages exit forbearance between Aug.-Oct. this year – a potential for tens of thousands more homes on the market.


Which Home Improvement Show Should You Be On?

Published September 17, 2021

Which Home Improvement Show Should You Be On? Take Culture Scan’s quiz to see which popular renovation reality series matches your style. By:  Catherine Mesick


Remote Workers Are Transforming Housing Markets

Published September 17, 2021

Since they can live and work anywhere, they’re heading to mid-tier cities nationwide, leading to a surge in home and rental price in these areas.


180M People Could Be Looking for Homes in Coming Years

Published September 17, 2021

Experts predict that many more millennials, who already comprise the majority of the home-buying population, will become homebuyers in the coming years.

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