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  • Ransomware Attack May Jeopardize Some Closings July 23, 2021
    Cloudstar, a cloud service used by many title companies, shut down after a ransomware attack last week. As a result, some brokers now can’t register transactions or closings. “We are still very much in the containment and remediation phase,” the company says.
  • Study: Showings Plummet After First 5 Days on Market July 23, 2021
    ShowingTime: Those 5 days are “hyperactive with double-digit showings and offers submitted quickly”– 64 markets averaged double-digit showings per listing during June.
  • NAR: ‘Independent Contractor’ Bill Should Exempt Realtors July 23, 2021
    NAR says it faces “steep resistance” but will keep advocating for a Realtor exemption to proposals: “Congress must recognize real estate’s unique place in the economy.”
  • HUD Offers $19M to Fight Housing Discrimination July 23, 2021
    Private fair housing groups may request money and use it to blind test housing groups, respond to complaints or propose new projects related to COVID-19 challenges.
  • Fla.’s Housing Market: Sales, Median Price, More Rise in June July 22, 2021
    Florida Realtors’ data: More closed sales, more new listings and higher median prices (up 24.5% for single-family homes, 22.4% for condos) than a year ago. Chief Economist O’Connor: The ratio of buyers to sellers may be easing; as a result, home price growth could begin to cool down in the future.
  • NAR: June Existing-Home Sales Rose 1.4% July 22, 2021
    Year-to-year home prices rose 23.4%, the second-highest on record. However, a 3.3% inventory uptick may start to slow price increases and give homebuyers more hope.
  • Mortgage Rates Fall for Fourth Week, Hitting 2.78% July 22, 2021
    Pandemic numbers are rising again. That’s shaken investors and pushed 30-year mortgage rates lower again this week, though adjustable rates moved a little higher.
  • Fla. Home to 7 Out of 10 Top All-Cash Sales Metros July 22, 2021
    Nationally, cash buyers made up about 1/3 of all 2021 home sales so far, but that percentage rises to 52.6% in West Palm Beach – the top metro for cash sales in the U.S.
  • ‘Short Commute Time’ No Longer Helps Home Values July 22, 2021
    The pandemic changed things: Home values for properties with long commute times are rising faster than units in or near metro areas.
  • NEW: Escalation Addendum to Contract Released July 21, 2021
    On July 22, 2021, Florida Realtors released a new addendum for use with Florida Realtors contracts, the Escalation Addendum to Contract, available through Form Simplicity and other licensed vendors. FAQs and how-to-complete info is available on the association’s website.
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