National News

HUD now considering climate change when underwriting loans

The U.S. Department of Housing and Urban Development (HUD) recently announced a plan that will implement new policies to combat global warming, according to a press release. 

Missing apostrophe in Facebook post lands real estate agent in court

An Australian real estate agent’s failure to use proper punctuation in a Facebook post could cost him tens of thousands of dollars, according to a report by The New York Times.

South Florida tops list for biggest construction value increase

Miami, Fort Lauderdale and Pompano Beach were ranked as the top major U.S. cities to see the biggest increase in single-family home construction value from June 2020 to June 2021, according to a report by OMNIS Panels.

Court rules sending email could create binding contract

Email users should be mindful of what they write, as the contents of electronic messages could be legally binding, according to a report by the National Association of Realtors. 

ShowingTime: Home showings dip in August

A new report shows the market cooled in August, at least in terms of the number of prospective buyers looking at homes.

Could remote work fuel housing demand for years to come?

Last year’s en-masse move to remote work has driven what Zillow has dubbed the Great Reshuffling, as homeowners working from home have paused and reevaluated where and how they live.

Mortgage rates remain flat at 2.88%

“The net result for housing is that these low and stable rates allow consumers more time to find the homes they are looking to purchase,” Freddie Mac Chief Economist Sam Khater said.

Florida ranks among states with the highest number of foreclosure starts in August

Florida had the third-most foreclosure starts in the nation during August 2021, according to new data from ATTOM’s U.S. Foreclosure Market Report.

South Florida Housing Scorecard: Housing inventory fell across counties in August

Housing inventory was down across South Florida counties during August. Existing-home sales were up in Broward and Palm Beach.

Median home sale prices increase 16% from 2020

Even as the real estate market is showing signs of cooling and more sellers are dropping asking prices, median home prices increased by double digits from last year.

New-home sales plummet in July

Also during the month, the median sales price rose to $390,500 from $370,200 in June, according to the U.S. Census Bureau and the Department of Housing and Urban Development.

What do buyers want to see in your real estate listing marketing?

You might be surprised by the results of this survey.

Housing affordability falls for a third straight month

Affordability declined in 49 of the 50 major markets according to the May 2021 First American Real House Price Index. 

Miami real estate rental and sales prices exploding
Miami rental and sales prices exploding

As population booms with transplants to Florida, real estate prices are skyrocketing for rentals and sales.

Existing-home sales reverse four-month decline in June

At the same time, the median existing-home price for all housing types in May was up 23.4% on an annual basis, as every region in the country registered price increases.

Mortgage applications surge 16% as interest rates fall

Meanwhile, the Mortgage Bankers Association’s seasonally adjusted purchase index rose 8% from the previous week.

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