South Florida Inventory Search

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Monday, November 9, 2020

Homeownership Creates Wealth Even If That’s Not the Goal

Monday, October 5, 2020

U.S. Housing Roars Back Despite Recession, High Unemployment: Moody’s Investors Service expects the homebuilding sector to be stable for at least the next 12-18 months. Housing’s strength has been driven by ultra-low mortgage rates, fierce competition for a chronically low inventory of for-sale properties and a wave of new millennial buyers.

Thursday, October 1, 2020

NAR: Aug. Pending Sales Top Pre-Pandemic Levels: The pending index hit a record high in Aug., with the number of sales under contract rising for the past four months in a row. NAR Economist Yun says he expected market stability during the shutdowns, but he’s “surprised to see the industry bounce back so strongly and so quickly.”

Monday, September 21, 2020

Contract Prep: Buyers’ Deposits at Risk Due to Lender Delays

Contract Prep: Buyers’ Deposits at Risk Due to Lender Delays: Recent calls to Florida Realtors’ Legal Hotline have involved a panicked buyer’s agent who is trying to get an extension on either the buyer’s loan approval period or the closing date due to lenders not being able to get “final clear to close” paperwork together on time.

Thursday, June 25, 2020

Florida's May Housing Market Shows COVID-19 Impact, Signs of Recovery | Florida Realtors Last month’s closed sales of single-family homes statewide dropped 36.2% year-over-year, totaling 19,622, while condo-townhouse sales declined 50.3%, for a total of 6,069. Closed sales may occur from 30- to 90-plus days after sales contracts are written.

Thursday, May 28, 2020

Mortgage rates nose-dive to new low and bring out the buyers

"The 30-year fixed-rate mortgage has again hit the lowest level in our survey’s nearly 50-year history, breaking the record for the third time in just the last few months," says Sam Khater, Freddie Mac's chief economist.

Monday, February 10, 2020

Census Report: Significant 2019 Dip in International Migration | Florida Realtors

If the Census Bureau projections hold true, net migration of foreign-born individuals will decrease another 15% compared to 2018, for a 43% decrease in migration since the peak in 2016.

Wednesday, February 5, 2020

Study: It’s 16% Cheaper to Buy Now than Late 2018 | Florida Realtors

“the monthly mortgage payment required to buy that same home has actually dropped by 10% over that same span due to falling interest rates,”