Florida Realtors: Higher mortgage rates still a factor; single-family home median price at $415K, 2.8 months’ supply. Condo median price at $319K, 3.6 months’ supply.
Social media posts must sound sincere if you hope to generate new leads. AI can make the task easier, but only if the copy still sounds authentic.
20 Realtors earned their endorsement as “the best of the best” – a Florida Realtors Board Certified Professional. This first group was recognized at Sunday’s BOD meeting.
The consumer bureau says Freedom Mortgage gave Long Island brokers and agents “illegal incentives” under RESPA, including cash, subscriptions and parties.
The state-owned insurer requested a maximum 12% hike for most residential policies and must go lower. But a condo association hike was approved at 9.2%.
Of all homes buyers could consider in the second quarter, 31.4% were new construction – the highest 2Q percentage on record. Pre-pandemic it was 17%.
Inventory is low and many current homeowners with low mortgage rates aren’t budging. In marketing, it’s time to cast a wide net.
Plaintiffs asked for an injunction on the law until a court could fully consider the case, but the judge turned down their request.
In NAHB’s multifamily production index, any number above 50 means attitudes are more positive than negative, and in 2Q, it was 56 for the second quarter in a row.
Some discouraged buyers should stop looking for their “forever home” and start looking for their “get my foot in the door to start building equity” home.
