South Florida Agent magazine

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Real estate agent Janae Wood recently moved from Weichert, Realtors? – Hallmark Properties in Winter Park to Weichert, Realtors Agency ONE in Naples. Wood will serve clients throughout Southwest Florida.

Brooklyn-based developer Dependable Equities is set to begin construction of Ombelle Fort Lauderdale, a pair of 43-story towers with 775 condominiums, in Fort Lauderdale’s Flagler Village. The development, located at 300 NE 3rd Ave., will have over 11,000 square feet of ground-floor retail and 100,000 square feet of indoor and outdoor amenities. Designed by ODA, the residences, priced from $400,000, range from 465-square-foot studios to 1,400-square-foot three bedrooms, as well as penthouses of up to 2,600 square feet. Units will offer smart-building technology, Italian custom-designed kitchens and bathrooms, open-concept designs and 10-foot ceilings in main living areas. Fully furnished packages will be available. Units may be rented out for a minimum of 30 days. #Miamirealestate #SouthFloridarealestate #MiamiRealtors #SouthFloridaRealtors

Realtors say about one-third of their relocation clients moved to be closer to friends and family this year, according to the National Association of REALTORS’? (NAR) 2024 Migration Trends report. Meanwhile, 21% moved to get more space for their money. Furthermore, 46% of relocation clients moved to the South, followed by 25% to the West, 18% to the Midwest and 11% to the Northeast. On the flip side, 33% moved from the South, followed by 30% from the West, 22% from the Midwest and 15% from the Northeast. #Miamirealestate #SouthFloridarealestate #MiamiRealtors #SouthFloridaRealtors

A federal judge on Tuesday gave final approval to the lawsuit settlement reached by the National Association of REALTORS? (NAR) that affected several brokerages and MLSs across the country. In the settlement, which was part of the Sitzer-Burnett case, NAR agreed to pay $418 million over four years and amend some of its rules. The most prominent changes, which took effect Aug. 17, banned commissions from MLSs and required signed buyer’s broker agreements before a broker could show a client a house. The Department of Justice took issue with those buyer’s broker agreements this week and attempted to pause the settlement with a late legal filing, alleging the agreements could limit how brokers compete for clients. Despite the DOJ’s filing, Judge Stephen Bough approved the NAR settlement anyway. #Miamirealestate #SouthFloridarealestate #MiamiRealtors #SouthFloridaRealtors

Home prices reached another all-time high in September, but the pace of the increase slowed from previous readings, S&P Dow Jones Indices said. Specifically, the S&P CoreLogic Case-Shiller U.S. National Home Price Index rose 3.9% year over year but slid 0.1% month over month. In August, the rate of increase was 4.3%. #Miamirealestate #SouthFloridarealestate #MiamiRealtors #SouthFloridaRealtors #CaseShiller

Builder confidence improved for the third consecutive month in November, the National Association of Home Builders (NAHB) reported. Each month, NAHB/Wells Fargo surveys builders, asking them to rate single-family home sales over the next six months as good, fair or poor. The survey also asks builders to rate traffic of prospective homebuyers and other topics as high, average or low. Scores are then calculated and any number above 50 indicates that more builders view market conditions as good/high than poor/low. In November, builder confidence in the market for newly built single-family homes was 46, up three points from October. The index charting current sales conditions rose two points to 49, and the component measuring sales expectations in the next six months increased seven points to 64. #Miamirealestate #SouthFloridarealestate #MiamiRealtors #SouthFloridaRealtors

Tell us about your CRM! What is the most important part of your CRM? Who helps you manage it? Take our survey to let us know. #Miamirealestate #SouthFloridarealestate #MiamiRealtors #SouthFloridaRealtors

Keller Williams Realty, Inc. (KW) appointed Olathe, Kansas-based real estate veteran Shanan Steere as director of growth operations. Steere is the owner and CEO of the Shanan Steere Group, which is affiliated with KW Overland Park. In her new role, Steere will revamp core market-center leadership training, lead agents with KW-affiliated brokerage team leaders (TLs) and operating principals (OPs) and help KW brokerages attract the next generation of TLs. #Miamirealestate #SouthFloridarealestate #MiamiRealtors #SouthFloridaRealtors

Real estate agent commissions have remained almost exactly the same since the new rules prompted by the National Association of REALTORS’? (NAR) lawsuit settlement were implemented Aug. 17. The new findings come from real estate tech strategist Mike DelPrete, who studied 55,000 closed transactions per month from some of the country’s largest brokerages. The average buyer’s agent commission in the months leading up to the new rules taking effect hovered between 2.62% and 2.59%. In September and October, the first full months under the new rules, the average buyer’s agent commission remained at 2.59%. #Miamirealestate #SouthFloridarealestate #MiamiRealtors #SouthFloridaRealtors