Industry News 9-25-21 – Aug. FL Market Update, Housing Inventory, FMERR for Homeowner, FR/BAR Update. In this week’s news updates we highlight some of the following latest news: August Monthly Market Details for the state of Florida. NEFAR: August’s slight increase in housing inventory not enough to satisfy buyer demand. HOME AFFORDABLE REFINANCE PROGRAM (HARP). What is Freddie Mac Enhanced Relief Refinance (FMERR)? Florida Realtors Updates FR/Bar Contracts and Riders. Common Mistakes for New Real Estate Agents. From legal advice, to hard money loans, binder deposits and even an on-time escrow closing. Poor time management and other mistakes can be avoided.
While all real estate agents learn at the beginning that giving legal and financial advice is a big no, no in our industry, it is also good to note that some conversations could be misconstrued as financial or legal advice. When in doubt, the key is to always recommend a homeowner or a buyer to consider adopting legal advice from a professional in their respective fields. Like a real estate attorney for example or a certified accountant.
The U.S. Supreme Court suspended the eviction moratorium on Thursday August 26. The eviction moratorium was originally extended by the Center for Disease Control and Prevention on August 3rd in an effort to mitigate the increase of the pandemic in areas where the virus SARS-CoV-2 is prevalent.
According to the most recent housing data provided by the Florida REALTOR’s Research Department in conjunction with REALTOR associations and boards in their respective local regions, the following has been analyzed.