NEW YORK – You might have heard you’ll need a 20% down payment to buy a home. While there’s a reason that number seems standard, 20% isn’t set in stone. Many mortgages require borrowers to put down as little as 3% or 3.5%, and some loans don’t have minimums at all. The median sale […]
CHICAGO – When Liz Levey-Pruyn began in the real estate industry, closing gifts were simple: a bottle of wine, a nice candle. “But I try to always give something that will be meaningful and stick around, so every time the clients look at it, they remember our wonderful experience working together,” says Levey-Pruhn, team […]
TALLAHASSEE, Fla. – Consumer sentiment among Floridians increased for the second consecutive month in July, rising to 74.4 points, up 1.2 points from a revised figure of 73.2 in June. In contrast, national consumer sentiment declined for the fourth consecutive month, dipping 1.8 points. “It appears that consumer sentiment in Florida has gained traction […]
News & Media By Amy Connolly ORLANDO, Fla. – In the coming weeks, Florida Realtors® will be hosting online events to help Realtors® move forward with the proposed settlement practice changes that begin Aug. 17. Early next week, two of those webinars will focus on crucial topics – listing agreements and buyer representation Links […]
CHICAGO – Want to learn about the upcoming settlement changes, but don’t have the time to scroll through countless webpages? Lend an ear (and an eye) – the National Association of Realtors® has information for you. The Drive With NAR podcast includes information vital to Realtors® about the proposed Aug. 17 settlement and other […]
WASHINGTON – A new nationally representative Consumer Reports survey explores Americans’ attitudes toward artificial intelligence (AI) and algorithmic decision-making. The survey found that a majority of Americans are uncomfortable about the use of AI and algorithmic decision-making technology around major life moments as it relates to housing, employment, and healthcare. Grace Gedye, policy analyst […]
ORLANDO, Fla. – Following all of the moving parts of a financing contingency can be confusing. Let’s take a closer look at the contingency found in the Florida Realtors®/Florida Bar contracts. This is the third and final installment covering the Florida Realtors/Florida Bar financing contingency. The first articleprovides an overview of the contingency and […]
TALLAHASSEE – Florida is set to join approximately 20 other jurisdictions that are adopting a new bar exam test format from the National Conference of Bar Examiners (NCBE) known as the NextGen Bar Exam. The first administration of the NextGen Bar Exam in Florida will be in July 2028. The Florida Supreme Court approved […]
FORT LAUDERDALE, Fla.— Question: My neighbor has a large pine tree that died this summer. It is five feet from our shared property line and within range of damaging our home if it falls. How would the financial liability play out between us, them, and our respective insurance companies? — Jen Answer: If a […]
WASHINGTON — Two years after launching an aggressive fight against inflation and one year after leaving its benchmark interest rate at a near-quarter-century high, the Federal Reserve is expected to signal this week that it will likely reduce borrowing costs as soon as September. A rate reduction this fall — the first since the […]
News & Media TALLAHASSEE — Property insurance rates are one of the biggest pocketbook issues for Floridians. And Thursday, regulators will hold a hearing on whether customers of the state’s Citizens Property Insurance Corp. — by far the largest insurer in Florida — should have to dig a little deeper to cover their homes. […]
CHICAGO – Want to learn about the upcoming settlement changes, but don’t have the time to scroll through countless webpages? Lend an ear (and an eye) – the National Association of Realtors® has information for you. The Drive With NAR podcast includes information vital to Realtors® about the proposed Aug. 17 settlement and other […]