How will new realtor rules affect the mortgage industry?

NAR Settlement - Agency Information and Closing Costs

Big changes came into effect on August 17 Sweeping changes to the way realtors conduct business came into effect across the US on Saturday (August 17) – and that adjustment could have a significant knock-on impact on the mortgage and housing markets, according to a leading mortgage executive. As part of a much-discussed National Association…

There are a lot of questions regarding the NAR Settlement and real estate commissions, so I wanted to provide some of the information previously sent out to you again and allow you to have it all in one place. Additionally, this email provides information about what the agencies consider to be closing costs (see way below). Please note,…

In Q2 2024, typical home price in Florida is $418,097. This price is 115% of the typical US home value.

Ponte Vedra Beach (ZIP code 32082) is the most expensive area in the Jacksonville metro. Other high-priced areas include Neptune Beach, Nocatee/Ponte Vedra, Jacksonville Beach, and Fernandina Beach. Jacksonville's housing market is attracting affluent buyers seeking a higher quality of life. Jacksonville's luxury housing market is concentrated in coastal areas, particularly Ponte Vedra Beach. The…

Why get A Home Inspection When Buying A Home Getting a home inspection when buying a home is a crucial step in the home-buying process. Here’s why it’s so important: Identify Hidden Issues: A home inspection can uncover problems that aren’t immediately visible, such as structural issues, electrical or plumbing problems, or signs of mold…

Starting a mortgage application involves several key steps. Here’s a general guide to help you get started: 1. Check Your Credit Score – We can help you with this. Our credit reports are good for 90 days. We keep all you information Safe and Secure. Why: Your credit score significantly impacts your mortgage rates and terms.…

Buying mortgage points can benefit those staying long-term. Points equal 1% of the loan amount, with origination fees for processing. Additional discount points can lower interest rates and payments. Upfront payment leads to lower interest rates. Consult a specialist to understand the impact. Deduct points on taxes if criteria are met. Negotiating seller-paid points can…

The Miami-Fort Lauderdale-Pompano Beach area is home to the most expensive cities in Florida. Jupiter Island boasts the highest median home value in Florida at a staggering $9.6M. Golden Beach follows closely behind with a median home value of $7.6M. Fisher Island offers luxury living with a median home value of $6.4M. Manalapan is another…

Florida ranked 23rd best state to live in 2024. Florida scored 43rd in affordability and 40th in education and health.

Home prices are expected to rise slowly, with an estimated 13-14% appreciation by 2028. These predictions are general; unforeseen events may still influence the 2028 housing market dynamics.