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Florida Realtors: Higher mortgage rates still a factor; single-family home median price at $415K, 2.8 months’ supply. Condo median price at $319K, 3.6 months’ supply.
Social media posts must sound sincere if you hope to generate new leads. AI can make the task easier, but only if the copy still sounds authentic.
20 Realtors earned their endorsement as “the best of the best” – a Florida Realtors Board Certified Professional. This first group was recognized at Sunday’s BOD meeting.
The lesson for Fla. HOAs: Elect honest, reliable people to the board. Fla.’s largest HOA has spent $2.3M on lawyers after losing millions under a corrupt board of directors.
A judge turned down a preliminary injunction request over Fla.’s foreign-buyer law, but the plaintiffs said Monday that they’re going to appeal the decision.
In a year-to-year comparison, sales dropped 16.6% even as prices rose 1.9% to $407K – only the fourth month ever over $400K. Inventory increased 3.7%, however.
The consumer bureau says Freedom Mortgage gave Long Island brokers and agents “illegal incentives” under RESPA, including cash, subscriptions and parties.
The state-owned insurer requested a maximum 12% hike for most residential policies and must go lower. But a condo association hike was approved at 9.2%.
In NAHB’s multifamily production index, any number above 50 means attitudes are more positive than negative, and in 2Q, it was 56 for the second quarter in a row.
