Space Coast Association of REATLORS® Blogs

City of Melbourne: Zoning Board of Adjustment Seeking New Members

By Kymberly Franklin posted 2 days ago
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Zoning Board of Adjustment Seeking New Members The City of Melbourne is currently seeking new members to join the Zoning Board of Adjustment . The Zoning Board of Adjustment considers appeals in the enforcement of the Zoning Code and authorizes a variance from the terms of the Zoning Code in specific cases. Members must be City of Melbourne residents. Meetings are scheduled on the last Monday of every month at 6:30 p.m. in the City Hall Council Chamber, 900 E. Strawbridge Avenue. Meetings are canceled when no applications are received. For more information, and to apply, visit https://www.melbourneflorida.org/about/municipal-boards ...
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June 2024 REALTORS Confidence Index

By Kymberly Franklin posted 2 days ago
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REALTORS® Confidence Index Download PDF Key Findings Days on market fall to 22 days from 24; sellers received an average of 2.9 offers; 29% of homes sold above the list price. The Market Outlook from the REALTORS® Confidence Index for buyers declined slightly but is up for sellers: 13% of respondents expect a year-over-year increase in buyer traffic in the next three months, down from 20% one month ago and down from 15% one year ago. 17% of respondents expect a year-over-year increase in seller traffic in the next three months, down from 21% last month but up from 12% one year ago. With supply still limited ...
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MLS Statistics Q2 of 2024

By Kymberly Franklin posted 3 days ago
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For immediate release: Palm Shores, FL -- Q2 of 2024 Brevard County housing statistics report for Single-Family homes and Townhouses/Condos provided by Space Coast Association of REALTORS®, the voice for real estate in Brevard County. You will find monthly, quarterly, and yearly reports of Brevard County Sales, detailed by Single Family Homes and Townhouses/Condos, on our website. In addition, there are Yearly Distressed Market Summaries for both types of properties. A quick recap of the Brevard County Residential Report for Q2 2024: Closed Sales are down -1.5% for Q2 2024 in which the number of units closed was 3,010 compared ...
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MLS Statistics June, 2024

By Kymberly Franklin posted 3 days ago
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For immediate release: Palm Shores, FL -- June of 2024 Brevard County housing statistics report for Single-Family homes and Townhouses/Condos provided by Space Coast Association of REALTORS®, the voice for real estate in Brevard County. Y ou will find monthly, quarterly, and yearly reports of Brevard County Sales, detailed by Single Family Homes and Townhouses/Condos, on our website. In addition, there are Yearly Distressed Market Summaries for both types of properties. A quick recap of the Brevard County Residential Report for June 2024: Closed Sales are down -11.0% for June 2024 in which the number of units closed ...
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Dist. 5 Commissioner Seeks Planning & Zoning/Local Planning Board Applicants

By Kymberly Franklin posted 4 days ago
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FOR IMMEDIATE RELEASE Friday, July 19, 2024 8:42 AM Dist. 5 Commissioner Seeks Planning & Zoning/Local Planning Board Applicants BREVARD COUNTY, FL. -- District 5 Brevard County Commissioner Jason Steele is seeking applicants to fill available seats on the Planning and Zoning Board/Local Planning Agency. The Planning and Zoning Board (P&Z) / Local Planning Agency (LPA) is made up of volunteer members appointed by the Board of County Commissioners. The P&Z/LPA serve as the recommending body for the Board of County Commissioners in matters concerning comprehensive planning, zoning, and land development matters. The P&Z/LPA ...
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Space Coast MLS Tip: Flexmls Client Portal

By Kymberly Franklin posted 8 days ago
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Client portals are personalized, client-facing websites with the most accurate and real-time data available. In this training video, we'll show you how to set one up for your client so you can recommend listings, see what listings they are saving or hiding, and see their listing ratings. In this video we cover the basics for your Client Portal and then take an in-depth look at portals and answer such questions as: How do I invite a contact to use my portal? What does my client see in their portal? Do my clients need to login to view their portal? Can my contact use the portal on their mobile device? And more! Learn how below: https://b ...
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Annual Foreign Investment in U.S. Existing Homes Sales Decreased 21.2% to $42 Billion

By Kymberly Franklin posted 9 days ago
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Annual Foreign Investment in U.S. Existing Homes Sales Decreased 21.2% to $42 Billion Number of existing homes bought by international buyers declined to 54,300 — the fewest since NAR began measuring in 2009 July 17, 2024 Media Contact: Troy Green 202-383-1042 Key Highlights International buyers purchased $42 billion worth of U.S. residential properties from April 2023 to March 2024, down 21.2% from the prior year. The 54,300 existing homes sold – the lowest since NAR began tracking in 2009 – slid 36% from the previous year. The average ($780,300) and median ...
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Buyer Rep Changes: How to Communicate With Buyers & Sellers

By Kymberly Franklin posted 9 days ago
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Buyer Rep Changes: How to Communicate With Buyers & Sellers By Leslie C. Stone for Florida Realtor magazine Rewriting the rules of buyer’s agent compensation is transforming how agents communicate, negotiate and demonstrate their value. In the wake of the landmark National Association of Realtors® (NAR) settlement and the fact that offers of compensation to buyer’s agents are now excluded from the MLS, real estate professionals face the challenge of navigating a new normal. What will that look like? Florida Realtors Releases New Compensation Forms Florida Realtors has released four new forms — two ...
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Where Military Homeownership Is Booming

By Kymberly Franklin posted 21 days ago
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Where Military Homeownership Is Booming This Fourth of July, find out the areas of the country seeing the highest ownership rates among active-duty service members and veterans. The number of military households becoming homeowners has been steadily growing since the 2008 financial crisis. About 11% of new mortgages are loans from the Department of Veterans Affairs, which often require no down payment for active-duty service members and veterans. More than 90% of military members say they take advantage of this benefit when purchasing a home, according to a new analysis from Veterans ...
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MLS Tips: Welcome to a New Mobile and Portal Search

By Kymberly Franklin posted 25 days ago
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Welcome to a New Mobile and Portal Search Jun 4, 2024 We’ve created a new mobile and portal search experience that is faster, more intuitive, and tailored to agent needs. This new experience brings popular desktop features to the mobile experience, bringing us closer to our goal of complete consistency across platforms. When is this available? June 20, 2024 Where is this available? This search experience will be released to the Flexmls Mobile website (m.flexmls.com), the Android Agent app, and Portals. You can expect to see updates to iOS by the end of the year. What’s New? This new search brings a familiar workflow from desktop ...
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Our hearts are heavy as we extend our deepest condolences to the family and friends of Joanne Bishins

By Kymberly Franklin posted 25 days ago
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Our hearts are heavy as we extend our deepest condolences to the family and friends of Joanne Bishins. Joanne's presence and dedication as a member of the Space Coast Association of REALTORS® for 17 years will always be remembered and cherished. Joanne leaves behind a loving family: sister, Esther Cellini; brother, Jan Friedlander; her three adoring children, Sandy, David, and Bruce Bishins, two loving step-children; Leslie Ann Fisher, and Kevin Bishins; seven beautiful grandchildren: Dan, Jacob, Harris, Emma, Leah, Julian, and Isaac, and three great-grandchildren: Asher, Teddy, and the quite recent and treasured Ezra. Her surviving family request ...
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New Florida Laws Go Into Effect July 1

By Kymberly Franklin posted 25 days ago
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New Florida Laws Go Into Effect July 1 By Amy Connolly Some of the new laws that resulted from Florida Realtors' 2024 legislative priorities include more Hometown Heroes Housing and My Safe Florida Home funding. TALLAHASSEE, Fla. – Dozens of new laws passed during the most recent legislative session and approved by Gov. Ron DeSantis go into effect today, impacting homeowners across the state. They cover a wide range of issues, many championed by Florida Realtors® as a legislative priority. Additionally, a bill that would have gone into effect today was vetoed by DeSantis on Thursday. SB 280 was a measure aimed at regulating vacation ...
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Average Rate on 30-Year Mortgage Eases

By Kymberly Franklin posted 28 days ago
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Average Rate on 30-Year Mortgage Eases By Alex Viega Rates on a 30-year mortgage fell to 6.86% from 6.87% last week, Freddie Mac said. Rates on 15-year mortgages rose to 6.16% from 6.13% last week. LOS ANGELES — The average rate on a 30-year mortgage eased again this week, extending a welcome trend for prospective homebuyers facing record-high home prices. The rate fell to 6.86% from 6.87% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.71%. This is the fourth straight weekly drop in the rate, which has mostly hovered around 7% this year. Home sales have been falling in recent months as the elevated ...
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Florida Realtors Public Policy Update - June 21, 2024

By Kymberly Franklin posted 06-24-2024
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June 21, 2024 Public Policy Update Hello everyone. Earlier this week, Gov. DeSantis received SB 280, the vacation rental bill we are opposed to, from the legislature. This kick starts the 15-day clock for the governor to take action on the bill. As you have likely seen from our SB 280 veto campaign , we want vacation rentals to be regulated, but not at the expense of their very existence. That’s effectively what SB 280 would allow local governments to do – severely limit and/or block vacation rentals without any regard to the rights of owners who purchased the property. So, how exactly does the bill do this? Well, for starters, it lets ...
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NAR: Existing-Home Sales Edged Lower by 0.7% in May as Median Sales Price Reached Record High of $419,300

By Kymberly Franklin posted 06-21-2024
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NAR: Existing-Home Sales Edged Lower by 0.7% in May as Median Sales Price Reached Record High of $419,300 Key Highlights Existing-home sales slipped 0.7% in May to a seasonally adjusted annual rate of 4.11 million. Sales descended 2.8% from one year ago. The median existing-home sales price jumped 5.8% from May 2023 to $419,300 – the highest price ever recorded and the eleventh consecutive month of year-over-year price gains. The inventory of unsold existing homes grew 6.7% from the previous month to 1.28 million at the end of May, or the equivalent of 3.7 months' supply at the current monthly sales pace. ...
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Latest: Florida Realtors has released four new buyer compensation forms. Plus: Links to additional resources related to the NAR settlement.

By Kymberly Franklin posted 06-21-2024
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NAR Settlement: What You Need to Know Latest: Florida Realtors has released four new buyer compensation forms. Plus: Links to additional resources related to the NAR settlement. Florida Realtors Releases New Buyer Representation Forms Florida Realtors has released four new forms — two compensation agreements and modification forms, for each compensation agreement. ➡️ CLICK HERE TO FIND THE FORMS & LEARN MORE NEW! Florida Realtors Releases Buyer Representation Forms Florida Realtors has released four new forms — two compensation agreements and modification forms, for each ...
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Brevard County Housing Statistics May 2024

By Kymberly Franklin posted 06-20-2024
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Palm Shores, FL -- May 2024 Brevard County housing statistics report for Single-Family homes and Townhouses/Condos provided by Space Coast Association of REALTORS®, the voice for real estate in Brevard County. You will find monthly, quarterly, and yearly reports of Brevard County Sales, detailed by Single Family Homes and Townhouses/Condos, on our website. In addition, there are Yearly Distressed Market Summaries for both types of properties. A quick recap of the Brevard County Residential Report for May 2024: Closed Sales are up 1.0% for May 2024 in which the number of units closed was 1,071 compared to 1,060 in May 2023, with ...
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Florida Realtors Public Policy Weekly Status Report - 6/14/24

By Kymberly Franklin posted 06-14-2024
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June 14, 2024 Public Policy Update Hello everyone. This week was a big one for our 2024 legislative priorities as Gov. DeSantis signed the 2024-2025 fiscal year budget. The $116.5 billion budget features significant funding for the Hometown Heroes Housing Program , the My Safe Florida Home Program , state and local government affordable housing programs, and a large investment in water quality and environmental projects throughout the state. All eyes had been watching the budget ( HB 5001 ) to see when it might get sent his way and sure enough, when it final did the governor acted quickly. The bill signing ...
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DeSantis Signs 2024-2025 State Budget

By Kymberly Franklin posted 06-14-2024
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DeSantis Signs 2024-2025 State Budget The new budget includes significant funding linked to Florida Realtors' legislative priorities, including $100 million for the Hometown Heroes Housing Program. TALLAHASSEE – Gov. Ron DeSantis signed Florida’s 2024-2025 Fiscal Year budget on Wednesday, approving numerous Florida Realtors priorities that were passed during the legislative session. The $116.5 billion budget features significant funding for the Hometown Heroes Housing Program, the My Safe Florida Home Program, state and local government affordable housing programs, and a large investment in water quality and environmental projects throughout ...
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Florida Realtors June 7, 2024 Public Policy Update

By Kymberly Franklin posted 06-10-2024
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June 7, 2024 Public Policy Update Hello everyone. Well, we’re getting into crunch time now in terms of the remaining bills that have yet to be signed, including next fiscal year’s budget. The word on the street though, is that Gov. DeSantis plans to tackle the budget soon, which will include any line-item vetoes he plans to issue. In fact, the governor was at an event in Fort Myers on Wednesday where he stated he will “bring (the budget) in for landing very soon.” For context on when this might happen, the governor signed the current fiscal year budget on June 15, 2023. He also said that many lawmakers aren’t “going to be happy with everything,” ...
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