Florida Realtors® News

• Canadian Tourists and Homebuyers? They’re Back June 7, 2023
  Canadian tourists are returning to Fla. as COVID and visa problems fade away. The number of visiting Canadians has hit pre-pandemic levels in the past few months.
• Study: Corporate Landlords Hurt Local Residents June 7, 2023
  A study finds that institutional investors keep many Atlanta residents from becoming homeowners and building wealth, with Black residents affected most.
• 1/3 of U.S. Buyers Using Cash, More in Fla. June 7, 2023
  The percentage of U.S. cash sales in April hit its highest level since 2014. In Fla., it ranges from 35.1% in Orlando up to 53.6% in West Palm Beach.
• Hurricanes and Businesses: Prepare Now June 7, 2023
  A roster of disasters can disrupt business operations, and it’s too late to start planning if a storm is two days out. Analyze current insurance coverage to start.
• Will Fed’s Interest-Rate Stop Be ‘Skip’ or ‘Pause’? June 7, 2023
  While most observers believe the Fed will keep interest rates steady at its meeting next week, they heatedly discuss if it’s a pause to study things or a one-time skip.
• Help Clients Stay a Step Ahead of Scammers June 7, 2023
  Every buyer should be warned upfront about potential wire scams related to closing, but agents should warn customers about other potential scams too.
• CFPB Warning Focuses on Banks Using Chatbots June 6, 2023
  Has Erica given you banking advice, as in Bank of AmERICA? The U.S. consumer bureau is worried about AI chatbots doing increasingly sophisticated tasks.
• 5 Myths About FHA Loans June 6, 2023
  Many people qualify for an FHA loan but don’t realize it. They’re not just for first-time buyers, student loans aren’t dealbreakers and there are no income limits.
• Citizens Ins. Moving Out Up to 26K Policies June 6, 2023
  The state-run “insurer of last resort” has seen its number of policies surge to 1.3M, but it plans to move up to 26K of those to private companies later this summer.
• NAHB: Single-Family Still Stronger Outside Cities June 6, 2023
  The national homebuilders’ 1Q report finds continued relative strength in small towns and rural areas as higher interest rates impact affordability.