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National News

RedfinNow expanding to South Florida

The expansion will bring RedfinNow into 34 markets in 16 states and Washington, D.C.

Mortgage rates fall to four-month low as buyers return to market

Homebuyers may catch a break this month as rates have come down nearly a point from the recent high on fears of a recession.

Mortgage rates fall below 5% — for the first time since April

The 30-year fixed-rate mortgage averaged 4.99% as of Aug. 4: down 0.8% from last week. The news marks the first time since April that mortgage rates have dipped below 5%.

The worst neighbor annoyances — ranked

Are your neighbors the worst? Whatever it is that grinds your gears, you can bet it comes in on this list of the top neighbor frustrations.

BidMyListing platform met with questions as it expands nationally

The platform, which recently announced its entry into markets across the country, is led in part by Josh Altman of Million Dollar Listing.

Federal Reserve raises interest rates by .75% — again

Matching June’s historic move, the Federal Reserve announced that interest rates are rising .75%. The target range for the federal funds rate now sits between 2.25% and 2.5%.

South Florida Realtors make annual Top 250 Hispanic agents list, including No. 1 agent for volume in the country

Nelson Gonzalez of Berkshire Hathaway HomeServices WEM Realty in Miami Beach was the No. 1 individual agent by volume.

Douglas Elliman launches Elliman Showroom, a platform to help clients during the moving process

Elliman Showroom is a personal assistant platform that aims to streamline the move-in process for homebuyers.

21.5% of Miami home-purchase agreements fell through in June

About 14.9% of home-purchase agreements nationwide fell through in June, the highest percentage in more than two years.

Christian Slater’s Coconut Grove home on the market for $3.95 million

Actor Christian Slater is selling his Coconut Grove home which features a rooftop terrace and detached suite for hosting family or friends.

New Zillow tool helps military vets find VA loan-eligible condos

The tool takes the guesswork out of the home-shopping process by highlighting condos eligible for Veterans Affairs (VA) financing.

Miami home price growth exceeds 24% in May, deceleration on the horizon

Florida registered the nation’s highest year-over-year home price growth, up 33.2%. Tampa led the country on a metropolitan level, with home prices up 33.4%. Miami also saw a significant surge in price growth, up 24.3%.

Housing inventory rebounds at record rate in largest metros, but South Florida lags behind, Realtor.com reports

The number of homes available to buyers climbed 18.7% in June, the sharpest year-over-year increase in the history of the report.

Florida among top 5 most fun states

When you consider entertainment, recreation, nightlife, parties and overall costs, it turns out, Florida is a pretty fun state! And that has a positive effect on South Florida real estate.

Singer Malu Trevejo selling South Florida home previously owned by rapper Fat Joe

Cuban singer and social media star Malu Trevejo is selling her home in Plantation, listed at $3.25 million.

2 Florida teams and 2 individuals stand out in 2022 RealTrends ‘The Thousand’ rankings

The Jills Zeder Group was named the No. 1 large team in the country based on volume. The group did $2.25 billion in sales volume in 2021.

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