NAR SETTLEMENT: WHAT SELLERS NEED TO KNOW
The recent National Association of Realtors (NAR) lawsuit settlement, which changes how compensation to Brokers is handled across all states, goes into effect on August 17, 2024. The settlement prohibits the publication of compensation to brokers in the MLS. These negotiations will now have to take place outside the MLS system. This new framework aims […]
NAR Settlement – Top 7 Things Buyers Need to Know!
The recent settlement involving the National Association of Realtors (NAR) is poised to bring significant changes for both buyers and sellers in the real estate market. For buyers, the settlement introduces greater transparency in commission structures, meaning they may now be responsible for directly paying their agent’s commission, which was traditionally covered by the seller. […]
We asked the EXPERTS “What are the BEST asset classes to invest in now in Florida?
Here is a summary of the answers: In Florida, several asset classes are currently viewed as attractive for investment in 2024, considering the economic climate and market trends: 1. REAL ESTATE: Florida’s real estate market remains robust, particularly in coastal areas and growing urban centers. Investing in residential real estate, especially single-family homes and vacation […]
2024 MID-YEAR MARKET UPDATE
2024 MID-YEAR MARKET UPDATE What Buyers and Sellers need to KnowLast December, when the Federal Reserve projected a series of benchmark rate cuts in the coming year, some analysts speculated that mortgage rates-which had recently peaked near 8%-would fall closer to 6% by mid-2024. Unfortunately, persistent inflation has delayed the central bank’s timeline and kept […]
Florida’s Market Making Housing More Affordable
A Redfin survey found some Florida cities have increasing inventory, including new construction. Experts say it’s combatting the affordability crisis. MIAMI — Florida was a red-hot destination during the pandemic, but now, the state is home to some of the fastest-cooling housing markets in the country. Western Florida cities like North Port, Tampa and Cape […]
BUYER BEWARE P.A.C.E. Programs
Countless of owners have had to sell their home or go into foreclosure or short sale after they fell for this advertisement then their NEW county tax bill came out!!! For some, the tax debt DOUBLED and it became unaffordable for them, forcing them to sell. BEWARE When buying a home which has one of […]
Ready to buy a home? Here’s what the experts expect to happen with mortgage rates in 2024.
In mid-December, the average rates on 30-year fixe-rate mortgages fell below 7% for the first time since August, according to December data from Freddie Mac. While the rate drop was welcome news for both home buyers and owners who want to refinance their mortgages, it’s still nearly 4% higher than rates were during the same period in 2021. So, […]
DeSantis: Hometown Heroes Has Given Out $100M
By Kerry Smith The gov. says the initial version of the pro-housing, Florida Realtors-backed program has helped 6,753 families. And on July 1, an expanded version will get another $100M. TALLAHASSEE, Fla. – Florida Gov. Ron DeSantis announced that the Florida Hometown Heroes program has provided $100 million in down payment and closing cost assistance to help […]
FHA Lowers Insurance Premiums. Save $800-$1400 per year!
HUD released details of a long-anticipated plan to reduce the annual MIP (mortgage insurance premiums) that are currently charged to FHA borrowers by 30 Basis Points (0.3% of the loan balance). HUD Secretary Marcia Fudge made the announcement today at Bowie State University. The premium will be reduced from 0.85 percent to 0.55 percent for […]
Everything begins with water. Your Referrals Help Save Lives!
Water is the foundation of all sustainable development. It impacts every aspect of life: hygiene and sanitation, mental and social well-being, justice issues for women and children, education, the economy, and the environment. Yet 771 million people lack basic access to water, trapped in a cycle of poverty when their most essential human need is […]
