Forum & News

South Florida home prices closing in on previous peaks

Posted by on Jul 29, 2017 in Forum & News | 0 comments

South Florida home prices closing in on previous peaks

Home prices increased across South Florida in June and are inching ever closer to the peaks achieved before the market meltdown a decade ago.

Still, analysts are not forecasting another historic collapse.

They say the robust market is due for a dip and predict prices will level out rather than plummet as they did during the housing bust of 2006-2011.

H/T Sun Sentinel: https://goo.gl/JSHFUx

Update: FREC changes license renewal requirements

Posted by on Jul 29, 2017 in Forum & News | Comments Off on Update: FREC changes license renewal requirements

Renewing your RE license after March 31, 2018? There are new education requirements. The 14-hour rule stays but it will include a mandatory Ethics and Biz course.

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Buyers accept ‘extreme commutes’ for affordability

Posted by on Jul 26, 2017 in Forum & News | Comments Off on Buyers accept ‘extreme commutes’ for affordability

In exchange for a bigger home in a nicer setting, more buyers are willing to commute up to two hours each way to combat higher home prices and tighter inventory.

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Home prices hit record high for sixth time in 6 months

Posted by on Jul 26, 2017 in Forum & News | Comments Off on Home prices hit record high for sixth time in 6 months

The Standard and Poor’s CoreLogic national home price index increased 5.6% in May, the latest data available. It’s now 3.2% higher than its July 2006 peak.

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First Half of 2017 Ends with Record Sales, Prices

Posted by on Jul 20, 2017 in Forum & News | Comments Off on First Half of 2017 Ends with Record Sales, Prices

Halfway through 2017, the U.S. housing market is on pace for another record year as four of the last six months have topped same month sales from 2016, according to the July 2017 RE/MAX National Housing Report. June home sales were 1.4% higher than June 2016, which was previously the month with the most home sales in the nine-year history of the report. To access the housing report infographic, visit rem.ax/2cYFT50

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July builder confidence slips over supply-cost fears

Posted by on Jul 19, 2017 in Forum & News | Comments Off on July builder confidence slips over supply-cost fears

The lowest reading since Nov. 2016 is based, in part, on fears about the rising cost of supplies, notably lumber from Canada that now faces potential tariffs.

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Despite 2016 hurricane, insurers stick with Fla. clients

Posted by on Jul 12, 2017 in Forum & News | Comments Off on Despite 2016 hurricane, insurers stick with Fla. clients

After Hurricane Matthew traveled up the Fla. coast last year, insurance companies reacted differently than they did a decade ago when five hurricanes hit.

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Millions of homeowners miss out on savings

Posted by on Jul 5, 2017 in Forum & News | Comments Off on Millions of homeowners miss out on savings

Some owners with ultra-low interest rates may decide not to upgrade after rates rise so they can enjoy their affordable monthly payments longer, but that’s not true across the board. Nearly 4.5M owners who could have refinanced haven’t done so.

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Homeowners Are Finally Ready to Sell

Posted by on Jul 1, 2017 in Forum & News | 0 comments

According to a new survey from the National Association of REALTORS®, 71 percent of Americans believe that now is a good time to sell their home. This is an increase from 69 percent last quarter and 61 percent last year. The growing confidence in sellers will hopefully lead to more housing inventory later this year, as low housing turnover is at the heart of the continuing supply and affordability problems afflicting many markets. 

Story Springboard:
Take a look at NAR’s quarterly… Read More

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U.S. consumer confidence rose a bit in June

Posted by on Jun 28, 2017 in Forum & News | Comments Off on U.S. consumer confidence rose a bit in June

Overall, consumers have a rosier picture of their situation today (up 5.7 index points), but they’re a bit less optimistic about the future (down 1.7 points).

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