- Baby boomers account for 42% of all home buyers, while millennials fall to 29% (down from 38% from one year ago), NAR said. Multigenerational home buying is rising.
- Fannie Mae forecasts mortgage rates at 6.3% by year-end 2025, boosting home sales slightly. Rates may drop further, encouraging more buyers off the sidelines.
- Mortgage rates remain near 7%, frustrating some buyers who expected lower costs. Experts say waiting for a big drop may not pay off, as small declines are likely.
- Florida rental prices fluctuate with seasons – rising in winter for snowbirds, dropping in summer. Renters can save by timing leases, while owners adjust for demand.
- Many parents help cover rent and home purchases as young adults struggle to afford living independently. About one-third of 18- to 34-year-olds still live at home.
- The curse of too much matching can result in a bland, monotone space that risks becoming quickly forgettable. Add pops of texture color for more pizazz.
- At a press event at Florida Realtors’ Orlando office, the governor said homesteaded Floridians need “immediate relief” from the impact of rising property taxes.
- Experts say AI should be deeply embedded in business operations, helping brokers streamline tasks, scale their teams and improve overall productivity.
- Trademarking your business name protects your brand and ensures exclusivity. Learn how to register and maintain a trademark
- Florida real estate licensees can draft sales contracts but not leases beyond filling in blanks, per Florida Supreme Court rulings.
- An estoppel certificate verifies lease details, rent status and disputes, protecting buyers from surprises. Request it early to ensure a smooth real estate closing.
- A Realtor should have affirmatively recommended that a party to the transaction consult their own attorney to definitively establish the legal rights in question. The Realtor was found in violation of the Code of Ethics, but took this as an opportunity to improve their business ethics and share their story about learning something new.
- Updated CRSP-17 and CC-6 contracts now calculate time in calendar days, including weekends and holidays for consistency across Florida Realtors' forms.
- State officials are urging homeowners with completed My Safe Florida Home inspections and paperwork to update this information to claim grant funds.
