- A government shutdown may pause NFIP renewals, FHA loans and other real estate activity. NAR called on Congress to prevent the disruption.
- The average rate on 30-year mortgages rose to 6.72% from 6.6%. Borrowing costs on 15-year fixed-rate mortgages rose to 5.92% from 5.84% last week.
- Florida Realtors Chief Economist: Nov. saw a post-hurricane rebound for new listings, new pending sales. New listings, single-family up 7.2%; condos, up 5.4%.
- Incoming Florida Realtors President Weisheyer said his career has been shaped by a focus on making a positive impact, among other key leadership principles.
- The trend in increasing number of excess bedrooms is driven by both declining household sizes and by an increase in the number of bedrooms per home.
- NAR: Existing-home sales in the South rose 5.6% from October to an annual rate of 1.87 million in November, up 3.3% from one year before.
- One in four buyers with kids received family cash for down payments, compared to 12% of those without, highlighting higher housing costs for families.
- The Fed cut rates for the third time in 2024 but signaled slower reductions ahead, citing persistent inflation and economic uncertainties.
- Test your knowledge and learn more about the Florida Realtors/Florida Bar (“FR/BAR”) contract with this short quiz.
- Florida Realtors is deeply saddened to announce 2002 Florida Realtors President Maurice J. “Moe” Veissi died. He was 78.
- The finalized rule requires mortgage disclosures for PACE loans, aiming to protect homeowners from costly, unaffordable financing for clean energy upgrades.
- The land deals total $318 million to protect 86,819 acres across the state and include plans for a new state park and conservation easements.
- Officials recommend texters use messaging apps with encryption such as Google Messages, Apple’s iMessages and WhatsApp.
- Three private insurers were approved to assume up to 160,440 policies from Citizens in March. Citizens had 982,892 policies as of Friday.
