Space Coast Association of REATLORS® Blogs

10 Tips to Help You Survive Market Shifts

By Kymberly Franklin posted 4 days ago
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10 Tips to Help You Survive Market Shifts By Michele Lerner for Florida Realtor magazine Sellers’ market? Buyers’ market? Down market? Booming market? It doesn’t matter if you consistently perform activities that drive success. Jonathan Spears, founder of the Spears Group with Compass 30A in Destin, closed a deal last spring that was one of his best: a $13 million sale. He did it by reaching out to an agent he’d never met. “I was the listing agent on this amazing property, and I called an agent from another company whose name I recognized because he was doing a lot of transactions in the area,” says Spears. “The first buyer didn’t work out, ...
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Step by Step Instructions For Real Marketing & Blue Attic

By Kymberly Franklin posted 5 days ago
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Step by Step Instructions For Real Marketing & Blue Attic 1. Spacecoastmls.com (Open to the Public) 2. Click on LAUNCH PAD Login, top right (Password Protected, Available to Association Members Only) 3. Login with your email you have on file with the association 4. If this is your first time signing in, you will select "Create/Reset Password" to set up your account an accept our Terms & Conditions. 5. Scroll down to the Real Marketing (Email Blast)                   a. Click blue Add button                 b. If first time, click the “I agree” button                 c. Now, post a message ...
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International Transactions in U.S. Residential Real Estate

By Kymberly Franklin posted 5 days ago
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International Transactions in U.S. Residential Real Estate Download  (PDF 3.9 MB) |  News Release The 2022 Profile of International Transactions in U.S. Residential Real Estate presents information regarding REALTOR® transactions with international clients who purchased and sold U.S. residential property during the 12-month period of April 2021-March 2022. The report also provides information on U.S. clients seeking to purchase property abroad. The term international or foreign client refers to two types of clients: Non-resident foreigners (Type A): Non-U.S. citizens with permanent residences outside the U.S. Resident foreigners (Type B): Non-U.S. ...
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More Listings Gives RE Market Time to Breathe

By Kymberly Franklin posted 5 days ago
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More Listings Gives RE Market Time to Breathe By Kimberly Miller Buyers, sellers and Realtors feel less pressure as bidding wars decline, listings remain on the market more than a week, and open houses no longer generate waiting lines. WEST PALM BEACH, Fla. – A lusty real estate market that saw cutthroat bidding wars jack up prices by tens of thousands of dollars swiftly deflated this summer with 30% of single-family homes for sale in Palm Beach County slashing listing prices in June. That’s the highest percent of price drops countywide since at least 2013 when the national brokerage firm Redfin began tracking the measure of market health. ...
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FLEXMLS TIP: New Option for Quick Launch Searches

By Kymberly Franklin posted 6 days ago
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New Option for Quick Launch Searches Jul 26, 2022 Want easier access to nearby listings for a specific address? You can now quickly perform a ¼ mile radius search in Quick Launch on Flexmls desktop.  When Will it Change? This update will be available on July 28, 2022. What Will Change?  Quick Launch searching now includes a ¼ mile radius search results. Simply type an address you want to search in the Quick Launch bar and select that address in the “¼ Mile Radius Search” section in the drop-down menu. Selecting the address you want to search will display a list of search results within a ¼ mile radius of that address, filtered by listing ...
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New Member Benefit: MyCondoPlans

By Kymberly Franklin posted 7 days ago
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Information provided by MyCondoPlans Download brochure here Search for Listings here Support desk here Fast Asscess: Login to your FlexMLS account Select your Menu option (top left of the screen) Locate MyCondoPlans within the Products section and you'll be redirected and automatically signed into your new MyCondoPlans platform an introduction to mycondoplans A picture may be worth a thousand words, but context reveals meaning. Mycondoplans provides context to the vast amounts of information realtors need to wade through on a daily basis. Via seamlessly integrated service, realtors have instant access to ...
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Mortgage Rates Drop Below 5%

By Kymberly Franklin posted 11 days ago
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Mortgage Rates Drop Below 5% By Matt Ott At 4.99% it’s not far below, but it’s the first time in four months the 30-year, fixed-rate mortgage averaged below the psychologically significant 5% mark. WASHINGTON (AP) – The average long-term U.S. mortgage rate fell below 5% for the first time in four months, days after the Federal Reserve jacked up its main borrowing rate in an aggressive effort to get inflation under control. The 30-year rate tumbled to 4.99% from 5.3% last week, mortgage buyer Freddie Mac reported Thursday. A year ago, the rate was 2.77%. The average rate on 15-year, fixed-rate mortgages, popular among those refinancing ...
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Fla.’s Consumers Slightly More Optimistic in July

By Kymberly Franklin posted 13 days ago
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Fla.’s Consumers Slightly More Optimistic in July By Kerry Smith UF: Consumer-sentiment scores remain low, but July’s numbers were about a half point higher. Households making $50K or less held the most pessimistic views. GAINESVILLE, Fla.  – July consumer confidence among Floridians increased four-tenths of a point to 61.4 from June’s revised figure of 61, a trend that also occurred nationally. Among the five components that make up the index, two increased, two remained unchanged and one decreased. Current conditions : Floridians’ opinions about current economic conditions were mixed. Views of personal financial situations now compared ...
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FLEXMLS Tip of the week: Engage buyers thirsty for the latest info with Hot Sheets

By Kymberly Franklin posted 19 days ago
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Engage buyers thirsty for the latest info with Hot Sheets - FBS Products by FBS Engage buyers thirsty for the latest info with Hot Sheets Apr 1, 2022 Buyers want to know they’re getting the first look at the newest properties and latest updates on homes that meet their search criteria. It’s easy to leverage this thirst for the most up-to-date information using the data in Flexmls® platform with IDX activated. In this short tip video, we’ll show you how, using a Quick Search in Flexmls, you can prepare links you can share on your website, social media, or by email, that show only the most recently added or changed homes in the ...
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$12.1M Goes to Fla.’s Hometown Hero Homebuyers

By Kymberly Franklin posted 19 days ago
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$12.1M Goes to Fla.’s Hometown Hero Homebuyers By Kerry Smith About 12% of the $100M allocated by Fla. lawmakers for the Hometown Heroes homebuying program has been dispersed so far, according to Gov. Ron DeSantis. TALLAHASSEE, Fla. –Gov. Ron DeSantis announced that $12.1 million has been granted to help homebuyers since the Hometown Heroes housing assistance program launched on June 1. The  Hometown Heroes housing program  – passed this year by the Florida Legislature, signed by DeSantis and strongly backed by Florida Realtors® – provided $100 million to the Florida Housing Finance Corporation (Florida Housing) to help the state’s hometown ...
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Pending Home Sales Fell 8.6% in June

By Kymberly Franklin posted 20 days ago
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Pending Home Sales Fell 8.6% in June Homes were 80% more expensive in June 2022 than in June 2019 July 27, 2022 Media Contact:  Troy Green 202-383-1042 Share Share Key Highlights Pending home sales declined 8.6% from May as escalating mortgage rates and housing prices impacted potential buyers. Pending sales retreated in all four major regions, with the West experiencing the largest monthly decline. Compared to the previous year, contract signings dropped by double digits in each region as pending sales in the West were down by nearly a third. ...
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When Will the Current Real Estate Cycle Peak?

By Kymberly Franklin posted 25 days ago
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When Will the Current Real Estate Cycle Peak? Some owners hold off listing and selling until the market peaks, but what if it already did? It’s too soon to be sure, but “overvalued” indicators seem to be turning. NEW YORK – After a decade of historic home price gains, the U.S. housing market has finally slowed, and June figures show it may already have peaked. Each month since last summer, researchers at Florida Atlantic University (FAU) and Florida International University (FIU) have ranked the most overvalued housing markets by analyzing their premiums – the percentage above the long-term pricing trends – that buyers must pay in order to buy ...
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No longer Just a Realtor® Leigh Brown Presentation - Recap

By Kymberly Franklin posted 26 days ago
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On Wednesday, July 20th   Space Coast Association of Realtors® hosted a membership meeting which included training on Fair Housing for all, the program was titled “No Longer *Just* a Realtor®”. Guest speaker Leigh Brown did a phenomenal job presenting a true picture of what Fair Housing for All means and the duty Realtors® have to the public and to each other in providing equal housing opportunities to everyone. One statement that Leigh made that really stood out was “it’s about the bigger picture, you may be receiving leads, but don’t think of them as leads, don’t call them leads, call them neighbors”. To view the full slide deck presentation, click ...
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Fla.’s June, 2Q Home Sales: Listings and Prices Up

By Kymberly Franklin posted 26 days ago
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Fla.’s June, 2Q Home Sales: Listings and Prices Up By Marla Martin Florida Realtors: Fla.’s single-family median price up 19.7% to $420K. Condo median price up 26.4% to nearly $325K. Inventory rising as new listings increase. ORLANDO, Fla. – Florida’s housing market had more new listings, increased median home prices and signs of easing supply constraints in June and 2Q 2022 compared to a year ago, though higher mortgage rates and inflation are continuing to impact sales, according to Florida Realtors®’ latest housing data. “Our data trends indicate for-sale inventory levels are beginning to rise, which could help lessen the pressure ...
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Avoiding Potential Property Fraud Recap

By Kymberly Franklin posted 27 days ago
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Did you miss our Property Fraud class we hosted this week? Make sure to check out the recap below or on our YouTube Channel Here Property fraud, also known as deed fraud or “house-stealing,” is a fast-growing white-collar crime in the United States. This type of fraud can go undetected and can cause an array of issues, including the unlawful transfer of ownership of property. The Clerk's Office came to teach us helpful tips on how to use the official records to identify potential property fraud.
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MLS Statistics 2022: June

By Kymberly Franklin posted 27 days ago
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A quick recap of the Brevard County Residential Report for June 2022: Closed Sales are down -8.6% for June 2022 in which the number of units closed was 1,103 compared to 1,207 in June 2021, with an increase in cash sales of 4.5%. New Pending Sales are down -8.6% and New Listings are up 18.9%. The Median Sales Price for Brevard Single Family homes is up 16.2% to $367,525 compared to a year ago, which was $316,400. Months' Supply of Inventory is up 66.7% to 1.5 months, from 0.9 months in June 2021. Traditional Sales are down -8.3% with a median sales price of $368,140. Foreclosure/REO Sales are down -55.6% with 4 closed sales ...
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Nearly Three Out of Five REALTORS® Say Limited Inventory Prevented Clients from Buying Homes in 2021

By Kymberly Franklin posted 07-11-2022
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Key Highlights NAR membership grew to 1.56 million at the end of 2021, up from 1.48 million at the end of 2020. Equal to one year ago, nearly four out of five REALTORS® – 79% – were certain they will remain in the real estate industry for at least two more years. As indicators of strong housing demand, the typical member had a sales volume of $2.6 million and 12 transactions – both figures up from one year ago. WASHINGTON (July 11, 2021) – Amid a persistent housing supply crunch, 57% of REALTORS® cited a lack of inventory as the leading reason limiting potential clients from completing a transaction, according to the National Association of REALTORS®’ ...
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FLEXTIPS: Custom Views from Flexmls Desktop

By Kymberly Franklin posted 07-08-2022
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Custom Views from Flexmls Desktop Now Available Custom Views created on Flexmls Desktop are now accessible when searching on the Flexmls For Real Estate Pros Android App and the Flexmls Mobile website (m.flexmls.com). The View controls which columns are displayed on the List tab of search results. To display a different set of columns, select a different view in the drop-down menu. We are happy to deliver enhancements like this to ensure continuity between desktop and mobile experiences in Flexmls.
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FLEXMLS Tip of the week: Share Listings via Text Message on Desktop

By Kymberly Franklin posted 07-08-2022
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Share Listings via Text Message on Desktop Jun 20, 2022 Did you know that on average, it takes a person about  90 minutes to open an email, but only 90 seconds to open a text ? In this fast-moving real estate market, it is crucial to be able to communicate with your buyers fast and easily. After hearing from our users, we’re happy to share that you will soon be able to share single or multiple listings from Flexmls Desktop to homebuyers via text message. Check it out below! When Will It Change? This change will be rolling out slowly to all our customers. If you don’t see it, it will be coming to your MLS soon.  What Will Change?   You ...
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1 in 10 Orlando Homes Sell to Investment Firms

By Kymberly Franklin posted 07-07-2022
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1 in 10 Orlando Homes Sell to Investment Firms By Trevor Fraser Big investment firms largely ignored single-family housing until 2007, and competition between investors and homesteaders is a fundamental market change. ORLANDO, Fla. – The top 10 home-buying investors of 2021 in metro Orlando were tied to investment firms in the single-family rental house business, leading at least one expert to worry about the pressure such deals are putting on both the housing and rental markets. An Orlando Sentinel review of data from the property appraisers for Orange, Osceola and Seminole counties showed the growing trend of existing homes – as opposed ...
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