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Florida Real Estate News – Fla. housing market Higher prices and more sales in June

Florida Real Estate News – Fla. housing market: Higher prices and more sales in June ORLANDO, Fla., – Florida’s housing market had more closed sales, higher median prices and more new listings in June, according to the latest housing data released by Florida Realtors®. Sales of single-family homes statewide totaled 28,205 last month, up 4.3 percent compared to June 2016. “More homeowners decided it was time to sell in June, resulting in an increase of new listings in Florida by 4.2 percent,” says 2017 Florida Realtors President Maria Wells, broker-owner…

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Florida Real Estate News – Housing starts rebound 8.3% in June to four month high

Florida Real Estate News – Housing starts rebound 8.3% in June to fourmonth high In May, experts wondered if the drop in housing starts was an anomaly, and June’s surge suggests that it was. In addition, building permits rose 7.4%. Housing starts rebound 8.3% in June to four-month high WASHINGTON (AP) – Homebuilders ramped up construction in June to the fastest pace in four months, led by surges in the Northeast and Midwest. Housing starts climbed 8.3 percent in June to a seasonally adjusted annual rate of 1.22 million, the Commerce…

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Florida Real Estate News – Google Search getting a lot more personal

Florida Real Estate News – Google Search just got a lot more personal Google already tracks everything you do while inside any of its online services to make money off your data. The trade-off is worth it, many people will argue. Even if Google is able to learn a lot of details about you, it offers invaluable services including Gmail, Google Maps, and search. So if you’re already letting Google aggregate your data, you should know that Google Search now puts this particular skill to good use for you. The Personal tab might…

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Florida Real Estate News – GOOD fences are supposed to make good neighbors.

Florida Real Estate News – GOOD fences are supposed to make good neighbors. But the adage doesn’t seem to extend to the trees hanging over those fences. For years the courts have been cluttered with cases disputing the rights, liabilities and responsibilities of homeowners with trees that are close to a property line. There is good reason. A boundary tree, as it is known in legal circles, can become an annoying trespasser, dropping leaves into a neighbor’s pool, shading a garden, clogging gutters, blocking sunlight from solar panels, denting a…

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Florida Real Estate News – Foreign buyers are snapping up more American real estate than ever

Florida Real Estate News –  Foreign buyers are snapping up more American real estate than ever Foreign buyers are snapping up more American real estate than ever One market’s loss, is another market’s gain. Countries like Canada, the United Kingdom, Australia, and New Zealand are starting to see foreign buying tapering. However, the United States is starting to see a surge in foreign buying according to the National Association of Realtors (NAR). These numbers are showing explosive growth in both the transactions, and dollar volume. Explosive Growth Across The United States Foreign…

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Florida Real Estate News – Many millennials have a YOLO budget You Only Live Once

Florida Real Estate News – Many millennials have a YOLO budget (You Only Live Once) NEW YORK – 2017 – Zoe Dawkins loves to live for today. The 28-year-old communications specialist at Indeed.com, an online resource for finding job listings, says, “I really value the idea of ‘happiness now,’ so I spend a lot of my money on travel, entertainment and gifts.” Dawkins is the quintessential YOLO, a term coined by Millennials, short for “You only live once.” It makes sense, especially since she grew up in a family that…

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Florida Real Estate News – Report Buy a home now before prices go even higher

Florida Real Estate News – Report: Buy a home now before prices go even higher GREENSBORO, N.C. – The risk of home price declines remains low, but affordability is increasingly a concern in cities across the U.S., according to the Summer 2017 edition of The Housing and Mortgage Market Review (HaMMR) published by Arch Mortgage Insurance Company. Arch has an interactive U.S. map comparing the states by risk posted on its website. Price declines are less of a concern that affordability, according to the report. Strong housing market fundamentals suggest that the…

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Florida Real Estate News – 4 vacation home issues every buyer should know

Florida Real Estate News – 4 vacation home issues every buyer should know NEW YORK – Before clients purchase a vacation home, make sure they’re ready for the responsibilities of owning a second property. “Costs of owning and renting a vacation home can be very high,” says Todd Huettner, owner of Denver-based lending company Huettner Capital. “The hassles and costs of short-term vacation rentals are higher than most people expect. … People are way too optimistic about rental rates, vacancies, management fees, maintenance costs and home value increases.” Owners buying…

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Florida Real Estate News – Average mortgage rates rise above 4%

Florida Real Estate News – The average 30-year mortgage was 4.03% this week, passing the psychologically noteworthy level of 4% for the first time since May. Mortgage rates surpassed the psychological 4% mark for the first time since May as it increased seven basis points. “After fully absorbing the sharp increases in Treasury yields over the past couple of weeks, the 30-year mortgage rate has cleared the psychologically important 4% mark for the first time since May,” Freddie Mac Chief Economist Sean Becketti said. Click to Enlarge (Source: Freddie Mac) The 30-year…

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Florida Real Estate News – Amazon teases expansion into real estate

Florida Real Estate News – Amazon teases expansion into real estate Is Amazon entering the real estate business and giving Zillow a run for its money? An Amazon “coming soon” webpage that said Amazon would link shoppers to real estate agents disappeared quickly, but it was enough to hurt Zillow’s stock price. Update, July 12: The website was taken offline as of 1:35 p.m. CST. Quietly it went up; Quietly it was taken down.] [Update, July 13: Article updated to include information from NAR] As shoppers scoured Amazon’s website on Tuesday for…

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