Foreign Investment in U.S. Existing Homes Dropped

The dollar value of residential properties purchased by international buyers decreased 21.2% YoY. Florida remains the top destination for foreign buyers. 

Mortgage Rates Holding Near 5 Month Lows

Despite an active calendar of events that had the potential to cause volatility, average mortgage rates managed to remain unchanged in the morning and to move slightly lower in the afternoon.  Last Thursday's inflation data helped 30yr fixed rates drop to 5 month lows and there hasn't been much

Are You Ready for the Aug. 17 NAR Changes?

Here’s a recap of what’s available from Florida Realtors – from new and revised forms to free educational webinars – to help you with the upcoming changes.

FREC Rule Regarding Mailing Address Modified

The Florida Real Estate Commission (FREC) removed the word "residential" from Rule 61J2-10.038, allowing agents to designate their preferred official mailing address. Mailing and email address changes must be sent to the DBPR in writing within 10 days after the change.