Marc Sacheli
Sterling Equity Realty
Cell: 305-898-2818

Florida Realtors® News

Florida Realtors honors Matey Veissi as 2017 Realtor of the Year

Matey Veissi, 2016 president, is 2017 Realtor of the Year; Connie Johnson is Associate Realtor of the Year – awards were given out yesterday at the convention.

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Florida Realtors names 2017 Legislators of the Year

The award honors lawmakers who promoted vital real estate issues, including the estoppel fee cap, business-rent tax cut and a proposed constitutional amendment.

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Average mortgage rates edge lower: 30-year at 3.89%

The FRM rate is down marginally from last week's 3.9%, though still higher than a year ago when it averaged 3.65%. However, despite low rates, the housing market remains hampered by tight mortgage credit standards.

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Study: Fewer homeowners 'seriously underwater'

ATTOM: In South Florida, 13% of homeowners with a mortgage owed at least 25% more than their home's value – a decline from 17.3% only one year earlier.

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U.S. tax proposals anger Realtors, charities, builders

Current proposals would negate tax write-offs for many Americans, and that would make homeownership less valuable if the mortgage-interest deduction becomes moot.

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What do buyers think when they step inside your listing?

Curb appeal may set the tone for a home showing, but first impressions can die after a buyer walks inside. Traffic flow? Lighting? Smells? They all count.

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More owners tapping home equity to start businesses

Where do you get capital to start a business? Almost 300,000 people tapped their home equity in the latest Census Bureau study – about 7.3% of all start-ups.

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International sales challenge: Social networking limits

Connecting with Russian buyers via LinkedIn? Not anymore. The social network pulled out because Russia and other countries don't want data to leave their borders.

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What's one thing you shouldn't do to attract millennials?

Answer: Call them millennials. Businesses are trying different tactics to reach this generation, but a good place to start is with a list of things not to do.

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NAR: U.S. home prices jump 6.2% in 2Q

It's the highest median quarterly price and a new peak thanks to supply shortages. NAR's chief economist continued to ramp up his criticism, saying there is a "glaring need" for more new construction as "would-be buyers are priced out of the market."

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Home starts fall in July – but mainly multifamily

Housing starts fell 4.8% as builders struggled to find workers, though the lion's share of that drop occurred in the multifamily component that dropped 17.1%.

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Digital marketing now key part of real estate business

NAR survey: Social media sites are a vital part of real estate today, with 74% of Realtors in a recent survey saying "awareness" is their primary goal.

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Florida Realtors kicks off 'Amendment 2 is for Everybody' campaign

If approved by Fla. voters in 2018, Amendment 2 would make the state's current 10% cap on annual non-homestead property tax increases permanent.

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Gov't shutdown could delay real estate closings

Congress has work to do in Sept. to keep RE on track. In addition to flood insurance expiring, the U.S. will run out of money on Sept. 29. If the gov't did shut down, it would bog down RE tasks that require fed intervention, such as some FHA functions.

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Top Fed official: Bond portfolio could shrink soon

The Fed will "likely announce next month" the sale of some bonds acquired during the recession – a move that would probably push mortgage rates a tad higher.

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Sustainability's return on investment? It's complicated

Most commercial owners, investors and developers recognize the importance of better energy efficiency, but "going green" does more than improve the bottom line.

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3 ways to make counteroffers easier

Counteroffers attempt to secure better deals for clients, but "I demand this" is harsh. Propose a package that makes it easier for the other side to say yes.

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Email closing scam dupes D.C. buyers out of $1.3M

The wire fraud scam – criminals hack an email address and, at the last minute, tell buyers to wire closing money to a fake account – is still going strong.

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Builders: The 55+ housing market is going strong

With 10,000 boomers retiring each day, builders remain confident. NAHB's 2Q 55+ index not only rose 11 points, it's been in positive territory for over four years.

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Facebook unveils ad product for real estate

Shopped for something online only to see ads for it everywhere? Facebook's tool does the same thing, re-targeting users who visited an agent or broker's website.

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What to mention first in a listing? Quartz countertops

Demand for easy-care but expensive quartz continues to skyrocket, and consumers seem to be less enamored with granite and marble. Nickel faucets are also becoming more popular, but tubs with jets appear to be on their way out.

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Merger could create huge single-family-home landlord

Two institutional investors – businesses that buy multiple single-family homes to rent out – could merge in a $4.3B deal that controls 82,000 U.S. homes.

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Consumer Reports: 3 big property insurance mistakes

According to the magazine, some people pay too much and others pay too little. In many cases, homebuyers get a policy and then ignore it for years unless needed.

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5 hidden costs can make tiny homes expensive

"Tiny house regret" is actually a thing. Homeowners who downsize to simplify their lives are discovering that it's not as cheap or as easy as they thought.

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Wellness programs may boost productivity, retention

A wellness program not only helps keep agents healthier, it also shows concern for workers and can strengthen their loyalty and commitment to the brokerage.

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