Following each house showing, the pair would find themselves in the owner’s kitchen, cups of tea in their hands, discussing the day's progress. Potential offers were dissected, and the emotional ups and downs patiently navigated. Pamela wasn't just selling a home; she was helping a friend find her way through an emotional labyrinth. Finally, after a year and a half, “The homeowner finally came to terms and agreed to an offer that was identical to the first one I brought her. At the previous time, she just wasn't ready,” says Smith.
The National Association of Realtors (NAR) has announced significant policy changes following a recent settlement. These changes, outlined on NAR’s settlement FAQ page, will take effect on August 17, 2024.
Last month, closed sales of existing single-family homes statewide in Florida totaled 26,252, marking a slight year-over-year decline of 0.5%. Existing condo-townhouse sales amounted to 10,415, reflecting an 8.6% drop compared to May 2023. Closed sales can occur from 30 to over 90 days after sales contracts are written.
Realtors in Florida are actively promoting housing opportunities and supporting individuals in achieving the American dream of homeownership. Homeownership has long been a cornerstone for many families, providing both emotional and social benefits while significantly contributing to household wealth. According to recent research from the National Association of Realtors (NAR), the average net worth of a homeowner in 2022 was $396,200, which is approximately 38 times greater than that of a renter at $10,410.
The 2025 Florida Realtors Mid-Winter Business Meetings will take place from January 30 to February 2 at the Hyatt Regency Orlando, located at 9801 International Dr, Orlando, FL. This annual business summit aims to advance the association’s initiatives through advocacy and committee involvement.