Welcome to Paradise!
A for sale sign with palm trees and a beach. Flipping down in 3Q – but 4 Fla. metros in top 10

IRVINE, Calif. – Dec. 8, 2016 – ATTOM Data Solutions’ Q3 2016 U.S. Home Flipping Report finds an overall drop in the percentage of homes being flipped. ATTOM defines a home flip as a property sold in an arms-length sale for the second time within a 12-month period.

Florida saw a fair share of that declining number of home flips, however, with four metro areas making ATTOM’s top 10 list of “markets with the highest flipping rate.” …continue

A house with balloons flying in the sky NAR: Pending home sales a tiny bit higher in Oct.

WASHINGTON – Nov. 30, 2016 – Pending home sales were almost flat in October, though they still squeaked out a meager gain for the second consecutive month, according to the National Association of Realtors® (NAR).

NAR’s Pending Home Sales Index (PHSI), a forward-looking indicator based on contract signings, inched up 0.1 percent to 110.0 in October from a slight downward revision of 109.9 in September. With last month’s small increase, the index is now 1.8 percent higher year-to-year. Last October it was 108.1. …continue

A for sale sign and a realtor sign side by side. Fla.’s housing market: Median prices continue to rise in Oct. 2016

ORLANDO, Fla. – Nov. 22, 2016 – Florida’s housing market reported higher median prices and fewer all-cash sales in October, according to the latest housing data released by Florida Realtors®. Shortfalls in inventory continued to impact sales statewide: Single-family home sales totaled 20,194, down 5.3% from October 2015, while townhouse-condo sales totaled 7,955, down 12.3 percent compared to a year ago. …continue

A house made of money with an arrow pointing up. 1 in 4 Fla. owners with mortgage is ‘equity rich’

IRVINE, Calif. – Nov. 17, 2016 – ATTOM Data Solutions’ Q3 2016 U.S. Home Equity and Underwater Report finds that 23.4 percent of U.S. homeowners with a mortgage are equity rich, meaning their loan-to-value ratio is 50 percent or lower. It’s a year-to-year increase of more than 2.6 million owners. …continue

Piggy bank and model house on dollars Short-term rentals come with risks and rewards

ORLANDO, Fla. – Nov. 9, 2016 – Home sharing is increasingly popular with travelers and homeowners, and Realtors® should understand the opportunities, intricacies and risks when helping clients purchase property intended for short-term rentals. …continue