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Miami Retail Leads Nation In Rent Growth As Brands, Chefs Follow The Money via @bisnow https://bit.ly/3OfWAaD   ‘Let’s drop Messi into the mix’: how Miami became the US sports capital via Financial Times https://bit.ly/3Kh18wd   Surge in young buyers boosted homeownership rate during COVID, Census Bureau finds https://bit.ly/43Jak3s   Luxury... The post Friday, July 28: South Florida real estate articles appeared first on MIAMI REALTORS®. http://dlvr.it/St0Lsn

The Hometown Heroes Program strongly backed by Florida Realtors received applications requesting $11M the first day the updated program went into effect. http://dlvr.it/SszxmL

A Boynton Beach Realtor stumbled upon a hand grenade while cleaning a home, reported it to police, and the Palm Beach County bomb squad showed up. http://dlvr.it/SszLMG

Gen Z (81%) and millennials (71%) felt the most stress, in part because many are first-time buyers. The main stress-triggers: Low inventory and rising loan rates. http://dlvr.it/Ssy28J

Recent Twitter changes pushed some people away, and 30M have now signed up for Threads, a similar text-share program from Meta. Should Realtors sign up? Maybe. http://dlvr.it/SsxlPR

The Fed’s ideal 2% rate of inflation appears closer. If June isn’t an anomaly, two more interest rate hikes are unlikely and the mortgage market can begin to stabilize. http://dlvr.it/SsxKcF

According to the Mortgage Bankers Association, the median monthly mortgage payment for a purchase loan rose to an all-time high of $2,165 in May. http://dlvr.it/Sswb6s

Storms rarely have a long-term effect on the local real estate market. Cape Coral-Fort Myers listings dropped for two months after Ian but rose for the six after that. http://dlvr.it/Ssw5Vt

Due to limited supply and strong demand, sales of rental housing for college students hit a record high of $22.9B in 2022. http://dlvr.it/SstqY1

Real estate is cyclical, and boom times are often followed by softer markets. Money saved for retirement offers temporary help, but follow rules and withdraw safely. http://dlvr.it/SstSv6

Jackson Memorial Hospital in Miami ranked No. 1 with the most hospital beds in America (1,547 beds). Via Becker’s Hospital Review https://bit.ly/43KHnnq   South Florida’s retail market outlook this year appears bright with leasing and rents holding steady via @trdmiami https://bit.ly/3KcVACX   South Florida resi agents lean into AI via @trdmiami... The post Thursday, July 27: South Florida real estate articles appeared first on MIAMI REALTORS®. http://dlvr.it/SstG3q

ICYMI: UF’s June consumer sentiment saw an uptick to 69.3 from May’s 69.1, driven mainly by U.S. economic expectations. It’s the highest reading since Oct. 2021. http://dlvr.it/SssnSj

Google’s system could get listings and other ads in front of a wider – yet also targeted – audience of potential buyers and sellers. http://dlvr.it/SssnFW

It’s a new high for 2023 and the second week of increases. It’s largely the result of higher 10-year Treasury Note yields as investors worry about inflation. http://dlvr.it/Ssr5Kn

Homebuyers shouldn’t view today’s rates as temporary and postpone ownership. The housing crisis pushed rates lower for 11 years, but that won’t recur anytime soon. http://dlvr.it/SsqjhQ

ICYMI: In a time of rising housing costs, a fixer-upper offers more house for the money – but the iffy cost for renovations scares buyers already hurt by high interest rates. http://dlvr.it/Ssq0vv

HUD has $3.1 billion to spend on projects that help the U.S. homeless population, and it’s accepting funding requests until Sept. 28, 2023. http://dlvr.it/Ssq0pv

The Dept. of Veterans Affairs says veterans are the most highly competitive buyers in today’s market: They have an average 722 credit score, 40% DTI and $54K to spend. http://dlvr.it/SspXjp

A court case alleges the new law discriminates, and Fla. submitted a 59-page doc saying no – that it’s consistent with tradition and necessary to fight foreign influence. http://dlvr.it/SsmsX2

ICYMI: A DA (domain authority) search ranking estimates the strength of a website to search engines, such as Google – the higher the score, the better. http://dlvr.it/Ssm7pz

UF’s June consumer sentiment saw an uptick to 69.3 from May’s 69.1, driven mainly by U.S. economic expectations. It’s the highest reading since Oct. 2021. http://dlvr.it/Ssm7Z8

ICYMI: If a homeowner with a mortgage no longer has property insurance, their lender will “force place” a policy on them. The new regulations make the process fairer. http://dlvr.it/SslhLd

ICYMI: Some large financial institutions needed a Great Recession bailout – but the Fed says the 23 largest U.S. banks passed a yearly “stress test.” http://dlvr.it/SskRgB

ICYMI: More buyers want to relocate – but fewer do thanks to a tight inventory of available homes. Phoenix is No. 1 but Fla. cities hold all spots from No. 3 to No. 7. http://dlvr.it/Ssk4fQ

ICYMI: The 2023 Community & Transportation Preferences Survey finds strong “walkability” demand: 4 out of 5 want an “easy walk” to parks, shops and public transport. http://dlvr.it/SsjM8J

In a time of rising housing costs, a fixer-upper offers more house for the money – but the iffy cost for renovations scares buyers already hurt by high interest rates. http://dlvr.it/SsjM0L

ICYMI: The widely anticipated recession may be a “soft landing” after all. Inflation growth has notably slowed and the economy has remained remarkably strong. http://dlvr.it/SshvVn

ICYMI: After Aug. 28, FHA borrowers will fill out a Supplemental Consumer Information Form, where they can request things like language translation services. http://dlvr.it/SsgdxS

ICYMI: There are many variables. While the process starts by looking at nearby comparable sales, it includes the property’s age, condition, upgrades and location. http://dlvr.it/SsgHFk

A DA (domain authority) search ranking estimates the strength of a website to search engines, such as Google – the higher the score, the better. http://dlvr.it/SsfZrM

While veteran agents don’t have a time machine, these are the things we’d tell ourselves if we could go back to Day One The post Fix These 5 Real Estate Rookie Mistakes For A Happier Career appeared first on MIAMI REALTORS®. http://dlvr.it/SsfQ8X

If a homeowner with a mortgage no longer has property insurance, their lender will “force place” a policy on them. The new regulations make the process fairer. http://dlvr.it/Ssf7T3

Some large financial institutions needed a Great Recession bailout – but the Fed says the 23 largest U.S. banks passed a yearly “stress test.” http://dlvr.it/Sscw2x

More buyers want to relocate – but fewer do thanks to a tight inventory of available homes. Phoenix is No. 1 but Fla. cities hold all spots from No. 3 to No. 7. http://dlvr.it/Sscfk9

The 2023 Community & Transportation Preferences Survey finds strong “walkability” demand: 4 out of 5 want an “easy walk” to parks, shops and public transport. http://dlvr.it/SscBCH

ICYMI: Study: In some U.S. zip codes, Paycheck Protection Program (PPP) fraud was so prevalent that housing prices rose 5.7 percentage points more than in low-fraud areas. http://dlvr.it/Ssbvk8

The widely anticipated recession may be a “soft landing” after all. Inflation growth has notably slowed and the economy has remained remarkably strong. http://dlvr.it/SsbvVh

After Aug. 28, FHA borrowers will fill out a Supplemental Consumer Information Form, where they can request things like language translation services. http://dlvr.it/Ssb1Zs

There are many variables. While the process starts by looking at nearby comparable sales, it includes the property’s age, condition, upgrades and location. http://dlvr.it/SsZmf2

ICYMI: The widely used CPI compares year-to-year prices, so if prices were steady for one year but saw a 10% increase in Jan., the next 12 months’ CPI would reflect 10% too. http://dlvr.it/SsYzpW

Month-to-month, prices rose 0.7% nationally – though it ranged from a price drop of 3.8% in the Pacific region to an increase of 6.1% in the East South Central region. http://dlvr.it/SsYzds

Faced with a dearth of existing homes for sale, buyers flocked to new-home options even in the face of higher interest rates. http://dlvr.it/SsY1Cp

If consumer attitudes drive the economy, a recession appears less likely. The Consumer Confidence Index hit 109.7 in May, up from April’s 102.5. http://dlvr.it/SsXgXs

Fla. insurers often don’t trust anyone because fraudsters have many ways to falsify claims. But enforcement is difficult. Less than 2% of fraud actions end in convictions. http://dlvr.it/SsX0FV

Study: In some U.S. zip codes, Paycheck Protection Program (PPP) fraud was so prevalent that housing prices rose 5.7 percentage points more than in low-fraud areas. http://dlvr.it/SsWXsm

ICYMI: Airbnb ownership can be a good source of passive income flexibility for personal use. The downside: Startup costs, irregular income and an occasional unruly guest. http://dlvr.it/SsVwSq

MIAMI — The Jupiter-Tequesta-Hobe Sound division of the MIAMI Association of Realtors (JTHS-MIAMI) recently collected and delivered a record 2,000 books to local children to boost literacy and help students stay on grade level during the summer. The JTHS-MIAMI annual book drive, led by longtime JTHS-MIAMI leader and Palm Beach... The post JTHS-MIAMI Realtors Collects and Delivers a Record 2,000 Books to Local Children appeared first on MIAMI REALTORS®. http://dlvr.it/SsTmwZ

ICYMI: The Community Foundation for Northeast Florida won the Award for Public-Philanthropic Partnerships. The nonprofit pairs private grants with groups in need. http://dlvr.it/SsTBmd

It’s the third weekly drop in a row and down from last week’s average of 6.69% for a 30-year, fixed-rate mortgage. A year ago, rates were 5.81%. http://dlvr.it/SsTBTG

The widely used CPI compares year-to-year prices, so if prices were steady for one year but saw a 10% increase in Jan., the next 12 months’ CPI would reflect 10% too. http://dlvr.it/SsSkvn