Space Coast Association of REATLORS® Blogs

Condolences to the loved ones of Phyllis 'Bonnie' Yvonne Cameron

By Kymberly Franklin posted 2 days ago
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It is with heavy hearts we announce the passing of Phyllis Yvonne Cameron. Service will be held: 11:00 A.M. September 24, 2022 Fountainhead Funeral Home and Memorial Park 7359 Babcock St. SE Palm Bay, FL 32909. Phyllis “Bonnie” Yvonne Cameron (neé McElhoe) was born on May 24, 1929 in Greensburg, Pennsylvania, the daughter of Philip and Beatrice McElhoe.  Growing up during The Great Depression, she lived and worked on her grandparents’ farm.  She started singing at the age of six, with her younger sisters, Nancy, Billie, and Annette eventually joining her to form The McElhoe Sisters.  The McElhoe Sisters appeared on television and the radio over ...
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NAR Launches Tree Planting Initiative in Partnership with National Forest Foundation

By Kymberly Franklin posted 2 days ago
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NAR Launches Tree Planting Initiative in Partnership with National Forest Foundation Goal to plant 1.5 million trees throughout the U.S. to represent NAR's more than 1.5 million membership September 22, 2022 Media Contact:  Wesley Shaw 202-383-1193 CHICAGO (September 22, 2022) – The National Association of Realtors® today announced a partnership with the National Forest Foundation that will result in 1.575 million trees being planted across the United States. The initiative, which will plant at least one tree for each Realtor® by the end of 2025, was spearheaded by NAR's 2022 President Leslie Rouda ...
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REALTOR® Safety Program

By Kymberly Franklin posted 2 days ago
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The goal of the REALTOR® Safety Program is to reduce the number of safety incidents that occur in the industry, so every REALTOR® comes home safely to his or her family every night. We will accomplish this goal together with our members by improving the Safety Culture in the industry: Talk about safety; create a safety plan and follow it; and encourage your fellow REALTORS® to do the same. Top 5 Safety Action Items for REALTORS® Plan Your Safety Strategy Tips and Best Practices Training Videos Personal Protection Resources Take the REALTOR® Safety Pledge REALTOR® Safety Program Resources Planning Your Safety Strategy Tips and ...
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MLS Statistics 2022: August

By Kymberly Franklin posted 5 days ago
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A quick recap of the Brevard County Residential Report for August 2022: Closed Sales are down -8.9% for August 2022 in which the number of units closed was 1,008 compared to 1,107 in August 2021, with a decrease in cash sales of -15.1%. New Pending Sales are down -6.9% and New Listings are up 6.5%. The Median Sales Price for Brevard Single Family homes is up 16.3% to $377,835 compared to a year ago, which was $325,000. Months' Supply of Inventory is up 81.8% to 2.0 months, from 1.1 months in August 2021. Traditional Sales are down -8.4% with a median sales price of $378,385. Foreclosure/REO Sales are down -55.6% with 4 closed ...
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FLEXMLS tip: Hot Market? You Need a Hot Sheet

By Kymberly Franklin posted 5 days ago
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Hot Market? You Need a Hot Sheet Looking for a quick update on your market each morning? Add a Hot Sheet gadget to your Dashboard in Flexmls for a snapshot of all listing events such as price changes and new listings in the last 24 hours. You are also able to create a Custom Hot Sheet where you can set custom filters for the events and property types you are interested in. And we’ll also show you how to set up the Hot Sheet as a daily email. Check out the resources below to learn how!   Short Tip Video: Hot Sheets Recorded Training: Custom Hot Sheets Written Help: Hot Sheet 24-Hour Hot Sheet Hot ...
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Mortgage Rates Hit 6%, First Time Since 2008

By Kymberly Franklin posted 9 days ago
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Mortgage Rates Hit 6%, First Time Since 2008 By Matt Ott Freddie Mac: 30-year rate rose to 6.02% from 5.89% last week – it’s more than doubled since a year ago. Rising interest rates continue to sideline homebuyers. WASHINGTON (AP) – Average long-term U.S. mortgage rates climbed over 6% this week for the first time since the housing crash of 2008, threatening to sideline even more homebuyers from a rapidly cooling housing market. Mortgage buyer Freddie Mac reported Thursday that the 30-year rate rose to 6.02% from 5.89% last week. The long-term average rate has more than doubled since a year ago and is the highest it’s been since November ...
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Space Coast Association of REALTORS® Foundation Director positions open.

By Kymberly Franklin posted 10 days ago
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Space Coast Association of REALTORS® Foundation Director positions open.  Several years ago, our Association established a Charitable Foundation. This foundation has its own Board of Directors which meet quarterly to approve requests for funds from local IRS qualified 501(c)3 Charities. These members are appointed for 3-year staggered terms. This year we will be filling  two (2) vacancies   on the Foundation Board of Directors. If you would like to be considered for a position, please submit your name and any personal qualifications you would like to share to the link below.  To learn more about Space Coast Association of Realtors Foundation   click ...
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Our condolences to the loved ones of Bob Posey

By Kymberly Franklin posted 11 days ago
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It is with saddened hearts we announce the passing of Robert C. "Bob" Posey. Mr. Posey was an active Realtor® member of The Space Coast Association of Realtors® for 42+ years. He enjoyed being apart of numerous Association committees as either Chairman or Member, and spent many years serving on the Board of Directors. Bob enjoyed his career with Posey & Co. Realtors® He was very much respected and admired within the community and industry and will truly be missed. Bob had an incredible spirit that will forever be remembered. Bob is survived by wife Becky Posey, daughter Lisa Stuart, son Chris Stuart, brothers Wayne (Liza) and Bill (Kate). He was ...
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FLEXMLS Tip of the Week: Search on the Wild Side

By Kymberly Franklin posted 13 days ago
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Search on the Wild Side Wildcard searching in Flexmls allows you to strengthen your search if you are ever unsure about what exactly you are looking for. Normally, when filtering by a street name in Quick Search, there might be limitations on the search results you get. For example, if you enter a street name, such as “wood”, you will get back only search results that start with wood. However, a wildcard search will let you insert an asterisk in place of a word or letter. By adding an asterisk before wood (*wood), you will be able to see all search results that end with wood, such as Dogwood, Hollywood, and Northwood. If you add an asterisk after wood (wood*), ...
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More Fla. Inventory? Depends on Price Tier

By Kymberly Franklin posted 16 days ago
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More Fla. Inventory? Depends on Price Tier By Jennifer Warner Florida Realtors economist : Active inventory is up 68% year-to-year, but largely at higher price points as listings in the $150-$300K range continue to contract. ORLANDO, Fla – Strong demand from local and out-of-state buyers fueled by cheap mortgages the last few years pushed overall active inventory to historic lows. Strong demand plus limited inventory created an environment for intense competition and increased sales prices. The situation was becoming untenable as more and more people were being pushed out of the market by high prices and high risk. The Fed also threw ...
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Florida Realtors® 7 Florida Realtors Forms Updated, 1 Added

By Kymberly Franklin posted 17 days ago
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7 Florida Realtors Forms Updated, 1 Added The association made small changes to the Buyer’s Disclosure Statement, Independent Contractor Agreement, Referral Agreement, Contract to Lease, Contract for Residential Sale and Purchase (CRSP), Vacant Land Contract (VAC) and residential listing agreements. It added an Appraisal Gap Addendum. ORLANDO, Fla. – Effective Sept. 7, 2022, Florida Realtors made recommended updates to some of its contracts and forms, and released one new form. The updated versions are now available in Form Simplicity and have been transmitted to other contracted forms vendors. Sept. 7 updates Buyer’s Disclosure Statement ...
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Rents Coming Down – But It May Not Last

By Kymberly Franklin posted 17 days ago
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Rents Coming Down – But It May Not Last By Adriana Morga U.S. rents rose 14% in July year-to-year, down from June (15%) and May (16%) – and some Fla. cities have seen a decline, though it’s much smaller. NEW YORK (AP) – Rents are starting to come down after spiking to record levels this past summer, but experts are uncertain if the slowdown will continue. Christopher Mayer, professor of real estate at Columbia Business School, said people looking for an apartment now might have a better experience than they did in May or June. “We’re not seeing rents go up as quickly, the rental market is softening a little bit,” he said. The national ...
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Helping you communicate the REALTOR® difference

By Kymberly Franklin posted 24 days ago
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As members of the National Association of REALTORS ® , we are unified by the REALTOR ®   brand and our iconic trademark R. It’s who we are – and it’s important for consumers to understand that distinction. NAR has an award-winning national advertising campaign to differentiate and elevate the REALTOR ®   brand with consumers. But, what are WE saying to clients to engage in that conversation and articulate our value? Consumers should also learn that value directly from REALTORS ® , and in a consistent way. As a result, the National Association of REALTORS ®   developed language and supporting assets at   TheDifference.realtor   to help you, and every NAR ...
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1st Phase of County's Emergency Rental Assistance Program Ends; 2nd Phase Begins in October

By Kymberly Franklin posted 24 days ago
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1st Phase of County's Emergency Rental Assistance Program Ends; 2nd Phase Begins in October BREVARD COUNTY, FL.   – The Brevard County Emergency Rental Assistance Program (ERA1), administered through the County’s Department of Housing and Human Services, will no longer accept applications effective Wednesday, Aug. 31. Housing and Human Services will use the month of September to finish processing applications that have already been submitted, and then the first round of funding for the Rental Assistance Program will completely end on Friday, Sept. 30, 2022. A second round of funding (ERA2) will be administered through up to six community agencies ...
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FHFA: U.S. 2Q Prices Up 17.7% – But Over 26% in Fla.

By Kymberly Franklin posted 25 days ago
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FHFA: U.S. 2Q Prices Up 17.7% – But Over 26% in Fla. By Kerry Smith Of 100 metros tracked by government-backed mortgages, 8 Fla. cities hold top-11 spots, with Sarasota-Bradenton (up 36.5%) and Cape Coral-Fort Myers (36.0%) at the top. WASHINGTON – It’s hard to underestimate the strength of Florida’s current home price increases in the second quarter of 2022 based on the Federal Housing Finance Agency House Price Index (FHFA HPI). Index scores are based on mortgages – more than half of all in the U.S. – backed by Fannie Mae and Freddie Mac. Of the  100 cities the index tracks , almost all Florida metros anchored the top 10 for year-over-year ...
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FLEXMLS Tip of the week: What is the difference between Waterfront and Water View?

By Kymberly Franklin posted 27 days ago
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Section 1.21b - Waterfront: A Waterfront property shall be those classified by the Brevard County Property Appraiser codes as noted: 110 – Riverfront 120 – Oceanfront 130 – Canal 142 – Lake   Section 1.21c - Water view Property: A Water view property is a property with no direct ownership of the body of water it is located near (i.e. it does have a view of the water on a corner lake or canal). A Water view property could also be a property located across the street, with either obstructed or unobstructed view of the river, ocean, canal or lake. A view of a swimming pool is not considered a “Water view”.
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NAR NXT, The REALTOR® Experience November 11-13 - Orlando

By Kymberly Franklin posted 27 days ago
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Registration Rates Increase on Monday, August 29 We are less than three months away from NAR NXT, The REALTOR® Experience. With over 100 sessions to attend, hundreds of products and thousands of connections, this is the real estate event you will not want to miss. You have less than 72 hours to save up to $50 on your registration. REGISTER TODAY Venus Williams & Jay Shetty to Speak at NAR NXT NAR is thrilled to announce legendary tennis champion Venus Williams and international wellness influencer and social media star Jay Shetty are speaking at this year’s NAR NXT. With 7 Grand Slam titles, 5 Wimbledon championships and 4 Olympic gold medals, tennis ...
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It's time to order your 2023 Calendars!

By Kymberly Franklin posted 08-25-2022
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2023 CALENDARS NOW FOR SALE!  SET OF 100 $52.00 Email: memberservices@space321.com with your order When ordering, please include number of boxes and item number. Our Original Tear Off Sheet Style calendars are 100% Made in the USA & include FREE Designer Envelopes Original Tear Off Sheet Style Calendars: • 100% Made in the USA • Size: 3 1/2" x 6” • NEW & IMPROVED - inside pages are NOW on a heavier coated stock for crisper images and still mails for the 1 oz. rate! • All Premium calendars are full color. • All Original Calendars are 14 pages, 12-month calendar printed front and back. • Signature Page - Wish your prospects a Happy ...
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Pending Home Sales Slipped 1.0% in July

By Kymberly Franklin posted 08-24-2022
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Pending Home Sales Slipped 1.0% in July Typical monthly mortgage payment reached nearly $2,000 in June, up 54% from last year August 24, 2022 Media Contact:  Troy Green 202-383-1042 Key Highlights Pending home sales dropped slightly by 1.0% from June. It was the second straight monthly decline and the eighth in the last nine months. Pending sales fell in three of four major regions, with the West posting a small increase. Compared to the prior year, contract signings declined by double digits in each region, with pending sales in the West down 30%. ...
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Do You Know These 10 Real Estate and Tech Acronyms? Test Your Knowledge.

By Kymberly Franklin posted 08-24-2022
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"We need more real estate acronyms," said no real estate professional or consumer -- ever. Historically, the real estate industry has been a bastion of Alphabet Soup. Think about how long we have been saying "NAR" (50 years), "FNMA" pronounced as Fannie Mae (84 years), and "MLS" (~100 years)! Integrating technology into the daily lives of real estate agents has accelerated the proliferation of acronyms. Thank goodness for Google – but then again, some of these acronyms are sometimes even hard to Google because they are specific to real estate. So here is a modern little list of 10 real estate and tech acronyms every real estate agent needs to know: ARV: ...
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