Real Estate News

July 10, 2017

FL Will Top $1 Trillion Next Year

University of Central Florida (UCF) Economist Sean Snaith predicts that FL's gross state product will break the $1 trillion mark next year.

 

That would make FL thee 16th largest in the world, was ranked by the World Bank. Driving the economy will be job growth and home …

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June 26, 2017

Do You Wanna Be a Real Estate Agent? You now passed your exam. Now what?

You've now passed, sign on with a new brokerage and received your new license. Now were is the instruction manual on how to be a real estate professional? It's the first day of "school" and you have no idea on what to do, what to expect and how to get …

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June 23, 2017

Millennials turn to dorms for adults

Co-living arrangements aka dorms for adults- in essence adult dorms or micro apartments that incorporate a social element shared by all renters- are soaring in popularity More developers are designing units that accommodate younger adults and provide social interactions for strangers who choose to move into together as rental costs …

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June 20, 2017

10 Threats to 2017 Real Estate Market

Global uncertainty and political polarization are the top threats facing the housing industry in 207-2018. Despite this unsettling environment, opportunity remains embedded in every issue on the list.

 

Top 10 issues:

 

1. Political polarization and uncertainty. Uncertainty about changes to trade, travel and immigration …

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June 14, 2017

Investors back away from home flipping

Investors are backing away from home flipping today data shows in the 1st quarter of 2017. About 43,615 single family homes and condos were flipped in the 1st quarter of 2017. Down 8% from the previous quarter and 6 % from last year. It represents the lowest number of flips …

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June 2, 2017

Zillow vs redfin home evaluations

The rival is heating up on which home value is more accurate. last week zillow offered $1 million prize for it's developers to improve its home evaluation tool. Claiming that it's inaccuracy was costing them money. 

 

Redfin claims there is no reason for customers to wait for …

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Posted in Real Estate News
May 25, 2017

Rising mortgage rates worry young buyers

Consumers are optimistic about the U.S. economy and real estate market. However, rising interest rates has many home buyers especially millennials concerned as buyers. 68% of buyers ages 18-34 are feeling a sense of urgency to buy a home before mortgage interest rates rise. 1 in 5 has a desire …

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Posted in Real Estate News
May 22, 2017

Tax reform will hurt middle class home owners

According to the latest study, most Americans would see a tax decrease under such a proposal - but many middle class would see a net average tax increase. Taxes paid by homeowners with adjusted gross incomes between $50,000 and $200,000 would rise by an average of $815. The study also …

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Posted in Real Estate News
May 15, 2017

South Florida Associations Announce Merger

Two of the largest Realtor associations announce they are going to merge into the third largest realtor association in the morning, The new realtor association will serve more then 25,000 FL Realtor members and 30,000 MLS subscribers. With more then 40,000.00 listings and $21 Billion in inventory. Video about merger 

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Posted in Real Estate News