Following an un-seasonal decline in home sales in June, July home sales bounced back ending a nine month climb of year-over-year inventory growth, in accordance with the July 2019 RE/MAX National Housing Report. Low-interest rates seem to have brought more buyers into the mix resulting in cautious ... » Learn More about July Home Sales Fire up Strength
Florida Housing 2018
Word of caution-Risky Mortgage Product
The U.S. Office of the Comptroller of the Currency (OCC) is instructing banks to keep tight underwriting standards for a risky form of unconventional mortgage that is focused on a borrower’s assets. The “asset loan” - a form of mortgage once associated with the wealthy - is now being used ... » Learn More about Word of caution-Risky Mortgage Product
Floridians Turn to Their Insurers
The insurers companies of the Florida Property & Casualty Association (FPCA), an industry trade group made up of Florida-based homeowners insurance companies, are ready to help customers as a direct consequence of the storm, in accordance with a news release. Floridians Turn to ... » Learn More about Floridians Turn to Their Insurers
Contracts and Force Majeure
How exactly does the force majeure provision in the Florida Realtors/Florida Bar “As Is” contract work given that a hurricane has interrupted some transactions? Meaning “superior force” in Latin, force majeure outlines just how a buyer and seller will continue. Contracts and ‘Force ... » Learn More about Contracts and Force Majeure
Pending Home Sales Drop 2.5% in July
Pending home sales dropped in July, reversing course on two consecutive months of gains, in accordance with the National Association of Realtors®. Of the four major regions, each reported a decline in contract activity, however the greatest decline came in the West. Pending Home Sales Drop 2.5% ... » Learn More about Pending Home Sales Drop 2.5% in July