There is no doubt that the largest challenge in today’s housing market is a lack of housing inventory for sale. This challenge has been defined as an “overwhelming lack of supply,” and even a “straight up inventory crisis.” First American just released the results of a survey which sheds light on the reasons for the […]
Why Are So Few Homes for Sale?
Hurricane Irma damage could be as high as $65 billion
Irma’s 185-mph winds seemed to be the biggest menace, but a CoreLogic study found that damage caused by flooding will cost homes and businesses more money. from Florida Realtors® News http://ift.tt/2xx6uPu via IFTTT
CoreLogic: Mortgage fraud on the rise
There was an indication of mortgage fraud on an estimated 13,404 applications for single-family loans during 2Q, or almost 1% of all residential loan applications. from Florida Realtors® News http://ift.tt/2fiTwya via IFTTT
NAR: U.S. existing-home sales down 1.7% in August
“Steady employment gains, slowly rising incomes and lower mortgage rates generated sustained buyer interest all summer … but not more home sales,” says NAR’s Yun. from Florida Realtors® News http://ift.tt/2xvPOHQ via IFTTT
FHA allows transactions to proceed with immediate reinspection
FHA loans require a post-disaster inspection in declared catastrophe areas, but a rule that could delay closings is waived. from Florida Realtors® News http://ift.tt/2fkoy8O via IFTTT
Fla.’s housing market continued positive track in Aug.
Statewide sales, listings and median prices rose: Existing single-family median price up 6.7% year-over-year, condo median price up 6.3%. from Florida Realtors® News http://ift.tt/2xwOuof via IFTTT
Good people + training = great customer service
Brokers or team leaders who want “great customer service” to define them must hire empathetic people and habitually recognize and reward great service. from Florida Realtors® News http://ift.tt/2xwXR7c via IFTTT
More Americans Say Now is a Good Time to Sell!
Recently released data from Fannie Mae’s National Housing Survey revealed that rising home prices were the catalyst behind an eight-point jump in the net percentage of respondents who say now is a good time to sell. The index is now 21 points higher than it was this time last year. Overall, 62% of Americans surveyed […]
SE Fla. real estate market OK despite Irma’s punch
Beyond uprooted trees, debris in the streets and minor damage, Hurricane Irma’s effect on South Fla.’s vibrant real estate market is not likely to be much more than the hassles of delayed construction and closings, industry observers say. from Florida Realtors® News http://ift.tt/2jJImUy via IFTTT
Housing starts fall 0.8% – second straight monthly drop
A steep drop in multifamily construction (down 5.8%) more than offset a gain in single-family-home building (up 1.6%). from Florida Realtors® News http://ift.tt/2xjZa97 via IFTTT