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Real Estate Leaders Speak Out Against Racism
by marlam on June 4, 2020 at 10:06 am
Top RE brokerages recently contacted agents. A Keller Williams task force will work “to eliminate racial disparity.” Redfin plans a deeper analysis of company disparity.
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Leon County Judge Rejects Development Law Challenge
by marlam on June 4, 2020 at 10:06 am
A law made it riskier to challenge new developments by changing the way attorneys are paid, but a judge said the Dept. of Economic Opportunity isn’t the proper party to sue.
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The Home Has 4 Bedrooms, 3 Baths and Giant Toxic Toads
by marlam on June 4, 2020 at 10:06 am
Fla. doesn’t have murder hornets, but perfect breeding weather has sparked a surge in fat, warty cane toads. They’re generally harmless but release a toxin if mishandled.
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Average 30-Year Mortgage Rates Rise Slightly to 3.18%
by marlam on June 4, 2020 at 10:06 am
Last week’s record-breaking low for 30-year fixed-rate mortgages (3.15% – the third historical low this year) rose marginally to 3.18% this week.
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49% of Rentals in Buildings With 4 or Fewer Units
by marlam on June 4, 2020 at 10:06 am
Individual investors own 72% of U.S. rental properties (41% of all rental units), while corporations or partnerships own 16% of often-larger properties (37% of units.)
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The Line Between iBuyers and Traditional Agents Is Blurring
by marlam on June 4, 2020 at 10:06 am
When iBuyers debuted, some brokers started their own instant-purchase service. Now one iBuyer says it will sell homes via the MLS. Offerpad says web visitors who key info into its “Solutions Center” will now receive an instant offer plus “additional exclusive selling options.”
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Less Than 1% of Miami’s Condo Buildings Have FHA Approval
by kerrys on June 3, 2020 at 10:06 am
Condos and FHA loans appeal to first-time buyers, but an FHA low-downpayment loan still isn’t an option for many first-timers in many Fla. condo complexes.
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Should Seniors Consider a Reverse Mortgage Now?
by kerrys on June 3, 2020 at 10:06 am
In tough economic times, an offer to cash in home equity can sound appealing, and a reverse mortgage a good idea – but they’re not cheap or ideal for short-term needs.
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Fla. Moves a Step Closer to ‘Normal’ Under Phase 2 Reopening
by kerrys on June 3, 2020 at 10:06 am
Gov. DeSantis announced that Phase 2 of the state’s 3-step reopening plan will go into effect on Friday morning. It doesn’t change real estate services that were already deemed essential, but it could give hope to some buyers and sellers who pulled back during the pandemic.
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Does a Buyer or Seller Pay the Condo Quarterly Assessment?
by kerrys on June 3, 2020 at 10:06 am
If the closing date falls mid-quarter, the dues will generally be prorated so buyers and sellers pay only for the portion that includes their time owning a condo unit.