READ FULL ARTICLE ON FLORIDAREALTORS.ORG A bubble, by definition, pops and prices plummet. Look at buyer demand. Look at homeowner equity. Prices could stop going up for a bit – but it’s not a bubble. NEW YORK – Record home prices, bidding wars and other factors show a real estate market that appears eerily similar to the 2006 bubble market, although mortgage loans are much harder to get today than they were 15 years ago. A mortgage credit availability index reached almost 870 in June 2006; it was only 125 this March. Today, loans are proportionally smaller to house values and borrowers’ income; borrowers’ average credit scores are higher. Another implosion seems unlikely, with tight housing supply and strong demand likely to persist. There’s no imminent danger of a sharp appreciation in mortgage rates – though they’re likely to rise a small amount – and the U.S. Federal Reserve has purchased nearly $1 trillion in mortgage-backed securities to keep the rates down since resuming its buys in March 2020. Although rising home prices may not be as destabilizing as they were in the last bubble, they are placing homeowners in a more favorable position than renters. CoreLogic estimated that homeowners’ equity in mortgaged homes gained...

Buying your first home means maintaining your first home. This is a new expense for many first time buyers. Investing in a well maintained home will give you the comfort of peace of mind. What’s the first thing you want to do in your new home? ...

We’ve all heard the phrase, but what does it mean? The number one thing people mean is a solid foundation and a sound structure. The materials used in the home are important too, quality wood frames, brick and concrete all contribute to a home having “good bones”. ...

HomeLight: A house with a pool now may sell for about $27K more than a house without one; before the pandemic, it would have netted about $16K more. CHICAGO – A report by HomeLight titled “Top Agent Insights for Spring 2021” reveals that homes with swimming pools have become a buyer preference since the onset of the pandemic. Pool additions are on the rise, and more house seekers say they want one in their backyard. Americans now regard pools as a source of entertainment while sheltering at home, and pool sales have tripled in the last year. CLICK HERE TO READ FULL ARTICLE ON FLORIDAREALTORS.ORG ...

Overall sentiments among Floridians remain 19.3 points below pre-pandemic, but month-to-month consumers’ attitudes rose 1.7 points as the state slowly bounces back. GAINESVILLE, Fla. – Among Florida consumers, optimism appears to be slowly gaining ground. According to the University of Florida’s monthly consumer sentiment survey, state residents’ attitudes ticked up 1.7 points in April to 83 from March’s revised figure of 81.3. A similar national survey found consumer sentiment increased 3.4 points. “Consumer sentiment dropped at an unprecedented rate in the second quarter of 2020, when it tumbled 26 points between February and April,” says Hector H. Sandoval, director of the Economic Analysis Program at UF’s Bureau of Economic and Business Research. “One year since, consumer confidence remains 19.3 points below pre-pandemic levels, indicating that confidence has recovered at a slow pace.” Among the five components that make up the index, three increased, one decreased and one remained unchanged. CLICK HERE TO READ THE FULL ARTICLE ON FLORIDAREALTORS.ORG ...

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ARTICLE PUBLISHED ON: FLORIDAREALTORS.ORG (click here to view this article on their website) By Jim Turner A number of real estate bills continue to pass the Florida Legislature and await Gov. DeSantis’ signature, or veto, as the 2022 session draws to a close. A statewide limit on impact fees passed, along with tax breaks for elevating homes. A third bill limits planned construction of toll roads. TALLAHASSEE, Fla. – The Florida Legislature continues to pass bills as the session draws to a close for 2022. On Monday and Tuesday, the House and Senate passed a number of real estate-related bills that become law if signed by Gov. DeSantis or fail if he chooses to veto one of them. Impact fees On Monday, the Florida Senate on Monday gave final approval to a measure that seeks to limit increases in impact fees, which many local governments collect from developers to help pay for growth-related costs. Senators voted 28-12 to pass the measure (HB 337), with Senate sponsor Joe Gruters, R-Sarasota, saying it is aimed at creating “predictability in the marketplace.” The House passed the bill last week, meaning it’s now ready to go to Gov. Ron DeSantis for either his signature or veto. The bill, in part, seeks...