The average 30-year mortgage rate fell to 2.77% this week, down from last week’s 2.80%, in part due to investor uncertainty over the COVID-19 delta variant. WASHINGTON (AP) – Mortgage rates were flat to lower last week, with the average for the key 30-year home loan below 3% for the sixth straight week. Uncertainty over

The 2021 Technology Survey listed drones (37%) and cybersecurity (34%) as top trends, with 5G connections (31%) and virtual reality (30%) close behind. Top current tech tools include  eSignature (78%), MLS apps (54%), social media (53%), lockboxes (48%) and video conferencing (39%). WASHINGTON -Realtors see drones and cybersecurity as the most impactful emerging technologies to

NAR is ready to oppose any “unreasonable effort by Congress to extend the (eviction) ban without assistance for small housing providers,” says Chief Advocacy Officer McGahn. WASHINGTON – The Biden Administration on Thursday said it would not attempt to unilaterally extend the Centers for Disease Control and Prevention’s (CDC) national eviction moratorium, allowing it to

The Federal Reserve didn’t change interest rates, largely downplayed inflation fears, and said each successive wave of pandemic resurgence has had less economic impact. WASHINGTON (AP) – The spread of the COVID-19 delta variant is raising infections, leading some companies and governments to require vaccinations and raising concerns about the U.S. economic recovery. But on

More potential home buyers may be getting priced out of the housing market as home prices continue to rise. Pending home sales declined in June, another sign that the housing market may be slightly cooling. The National Association of Realtors Pending Home Sales Index – a forward-looking indicator of home sales based on contract signings

A common misconception: 1031 exchanges are a tax loophole. A study on 1.6 million properties concluded that 80% of 1031s were ultimately sold via a taxable sale rather than a subsequent exchange. And a 1031 repeal would shrink U.S. GDP by $9.3B. SARASOTA, Fla. -The strength and resilience of the commercial real estate market has

The ban ends July 31, and over 1.5 M homeowners remain delinquent on their mortgage. But the Consumer Financial Protection Bureau offers info about possible relief options. WASHINGTON – The foreclosure moratorium on federally backed mortgages, which was initiated at the start of the pandemic, will expire on July 31. More than 1.5 million homeowners

The jump in S&P CoreLogic Case-Shiller’s 20-city home price index came on top of a 15% rise in April. Surging demand for housing is outpacing the supply. WASHINGTON (AP) -Prices for U.S. homes rose faster in May than they have  in 17 years as surging demand for housing outstripped the supply. The S&P CoreLogic Case-Shiller

Renters may owe some $13.2B to $52.6B in back rent due to the pandemic, but fed, state and local programs can still help rental relief, including OurFlorida.com (https://www.ourflorida.com/?utm_campaign=7-07-2021+Florida+Realtors+News&utm_source=iPost&utm_medium=email). WASHINGTON – An estimated 8.8 million Americans are behind on their rent, according the Consumer Financial Protection Bureau. While relief efforts have staved off some of the

Showing Time: Those 5 days are “hyperactive with double-digit showings and offers submitted quickly” – 64 markets averaged double-digit showings per listing during June. CHICAGO – The rush is on to see a house as soon it’s listed. But after the first five days of listing a home, showings drop considerably according to a new