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NAR/FAR Reports

Sarasota Manatee Real Estate Sales

July 2019 Sarasota Manatee Real Estate Sales Recap

July 2019 Real Estate Market Activity Recap. Sarasota and Manatee single family home, condo and townhome sales – including distressed sales. Housing trends are holding steady as we get to the end of summer. Click HERE to download the report. For Specific Information contact us at (941) 921-2117 or EdBertha@DiscoverSuncoastHomes.com Reprinted with permission of Florida …

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House on Key Chain

Mortgage Rates Fall Sharply – 30-Year at 3.60%

Mortgage rates fell sharply this week with the 30-year loan at its lowest level since November 2016. Financial markets around the globe have been whipsawed by anxiety over the U.S.-China trade war, sending investors fleeing from stocks to the safety of bonds and pushing bond interest-rates to record lows. Mortgage buyer Freddie Mac said Thursday …

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HUD FHA Logo

August 15, 2019 HUD Announces New FHA Condo Rules

The U.S. Department of Housing and Urban Development released updated guidelines on FHA-insured condominium financing. The new rules allow more buyers to obtain low down-payment mortgages on affordable housing options. Specifically, the new rules will: • Extend FHA certifications on condo developments from two years to three years, reducing the compliance burden on condo boards. …

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Oregon Becomes First State To Ban Single Family Zoning

Duplexes now allowed in single family neighborhoods. Oregon has become the first state in the nation to require cities with a population of more than 10,000 to permit duplexes in neighborhoods that were once zoned for single-family zoning—or only one home per lot. Oregon Gov. Kate Brown signed four bills into law last week that …

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Executed Real Estate Sales Contract

Homeowners’ Cost Working with an iBuyer? 13-15%

Instant offers work well for sellers who want quick closings with minimal preparation, but… A study by Collateral Analytics found that homeowners make less money than selling their home on the open market – even after backing out a real estate agent’s commission. iBuyers – companies that offer homeowners cash upfront for their home with …

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