Real Estate News
Consumer Sentiment Inches Up
After four straight months of declines, consumer sentiment in August increased 1.5 index points above July, according to the University of Michigan. Read More
Claims of Guaranteed Savings
A Realtor advertised his services with guaranteed savings but was unable to provide it. The ethics panel deemed the slogan misleading, since savings couldn't be guaranteed in every case. Read More
Are We Heading into a Balanced Market?
If you’ve been keeping an eye on the housing market over the past couple of years, you know sellers have had the upper hand. Read More
U.S. Foreclosure Activity in July Up 15% From June
Fla. was 2nd in states with most foreclosure starts, Miami was one of the major metros with most foreclosure starts and Jacksonville was for highest foreclosure rates. Read More
Idalia Caused $372M in Flood Claims
A year after Hurricane Idalia made landfall in North Florida., FEMA says the National Flood Insurance Program handled 5,200 claims and paid out $372 million. Read More
New U.S. Rules to Try to Combat Money Laundering
The new regulations require real estate pros and investment advisors to report cash sales of residential real estate sold to legal entities, trusts and shell companies. Read More
Pending Home Sales Dropped 5.5% in July
Citing affordability issues, NAR reported contract signings declined in all four U.S. regions month over month, while pending sales were down 8.5% year over year. Read More
Average 30-Year Mortgage Rate Eases to 6.35%
It’s the second drop in 2 weeks, keeping the 30-year FRM at its lowest level in over a year, which is good news for would-be homebuyers facing high home prices. Read More
DeSantis Says Park Plans Need Another Look
The governor says “half-baked” plans for golf courses, resort lodges and pickleball courts at state parks will be revamped and the DEP will get more public input. Read More