 My State MLS Reaches 10,000 Facebook Page Likes Today! Plus we have 10,845 Facebook Followers and growing! Like our page to get real estate industry news, agent tips, free webinars, and more! Webinar Replay: How to Accelerate Your Real Estate Business Using Facebook   New Ways to Grow Your Real Estate Business in This Market Make More Money. Get More Listings. Earn More Leads with My State MLS. My State MLS is the only multiple listing service that allows you to take your business statewide and nationwide, with no additional hassles or fees. Our platform brings your real estate business to the digital age and provides you with new sources of revenue, leads, and more! Webinar Replay: Commercial Real Estate Listing Syndication with Crexi & My State MLS Crexi is the latest commercial property syndication portal on MyStateMLS.com. This new partnership means new opportunities for commercial real estate sales. Crexi is the fastest-growing commercial real estate platform with over 500,000 active listings and more than 2 million monthly users. Covered in the webinar replay is:
  Introducing Crexi, Commercial Property Listing Syndication on My State MLS Crexi is the latest commercial property syndication portal on MyStateMLS.comThis new partnership means new opportunities for commercial real estate sales.Crexi is the fastest-growing commercial real estate platform with over 500,000 active listings and more than 2 million monthly users. My State MLS Partners with Crexi for Commercial Property Listing Syndication on MyStateMLS.com Partnership to Bring New Opportunities for Commercial Real Estate Sales My State MLS, the nationwide real estate multiple listing service, is very excited to announce their partnership with Crexi to bring My State MLS's commercial listings onto Crexi's marketplace. Crexi is the fastest-growing commercial real estate platform with over 500,000 active listings, $1 trillion+ in property value and more than 2 million monthly users.   Webinar Replay: How to Get Maximum Real Estate Listing Exposure David Mink, VP of Operations at My State MLS, shows real estate agents and brokers how to maximum exposure for listings using My State MLS. Long-Abandoned 1894 Wyckoff Villa Finally Sells for $300K One of the most well-known landmarks on the St. Lawrence River, the Wyckoff Villa now known as the Carleton Island Villa, has a new owner.The Villa finished construction in 1895 and was used until around 1927. During World War II, contractors were allowed to go in and remove the interior and the doors and windows leaving the Villa to the elements. Nobody has lived in the property for over 70 years. There is electricity to the Island and water is taken from the river, although there are no utilities connected to the Villa. What is connected is plenty of ghost and haunted house stories. A perfect house for a Halloween tale.   2022 Study: More Than Half of Buyers Would Purchase a Haunted Home in a Competitive Market In this monster of a market, buyers are willing to overlook just about anything to own a home, including a few ghosts. About 58% of home buyers say they'd consider purchasing a haunted home, according to our new survey of 1,000 Americans. In fact, nearly one-fourth of Americans (24%) believe they've already lived in a real haunted house. As Americans spend less time at home in 2022, fewer people believe they've lived in a haunted house. Among those who have not shared a house with ghosts, however, two-thirds (67%) believe it's possible for a home to be haunted. Webinar Replay: Make Money in Real Estate with My State MLS Dave Mink, our VP of Operations, shows real estate agents and brokers how to make money as members of My State MLS in this FREE webinar.Topics: - Expand Your Territory   3X Amount of Homes were Foreclosed in 2019 than in 2022 U.S. Foreclosure Activity Continues to Increase Quarterly Nearing Pre-Pandemic LevelsATTOM Data Solutions reported nationwide there were 92,634 distress properties in the 3rd quarter of 2022, increased 3.0% from the 2nd quarter of 2022, and rose 104.0% from the 3rd quarter of 2021; while one in every 1,517 properties had foreclosure in the 3rd quarter of 2022. "We expect foreclosure starts to rise, however in the short term, most should be able to sell and still have equity or at least be even," said Dawn Pfaff, President of My State MLS. "However longer term, homeowners who bought at the height will most likely be under water and will have to let the home go to auction. It's very important to price the property right to sell quickly in a down market if you can't make your payments. This way, you cut your losses and can still walk away with some cash." How to Find a Lost or Stolen 'Windows' Laptop - Video A niece's stolen laptop spurs Go Home TV Host Dawn Pfaff into action and she explains how to find the stolen computer. Do you work in public places? Many real estate agent do as they are traveling from meeting to meeting and house to house. Make sure you do this on your devices. If they are lost or stolen you can find them...   PSA: Please Support Hurricane Ian Victims - Video Public Service Announcement: Hurricane Ian devastated southwestern parts of the Florida peninsula leaving many without shelter, food, jobs, and safety. Please consider donating to your charity of choice to help these residents get back on their feet. Dawn Pfaff to be Speaker at Web3 & Real Estate Summit Miami Oct. 27-28 Agenda Grow your knowledge and learn how to make these new technologies work for you - today and in the future. This 2-day summit gives you the tools and information you need to get started.   Study: U.S. Rent Spikes Most Pressing in Sun Belt, West Hurricane Ian to Have Short-term Effect on Southwest Florida Rentals Rent spikes have developed in the Sun Belt and the West, a pattern clearly driven by local supply and demand issues, according to the latest analysis by researchers at Florida Atlantic University and two other schools.Florida continues to dominate the list of largest premiums and largest annual rent increases, as of the end of August. Miami is No. 1 in both categories, with renters paying 21.98 percent above the long-term rental trend and 21.92 percent more than they did a year ago. News Update: Real Estate, Crypto Currency & Laptop Theft & Recovery Dawn Pfaff of My State MLS and Nicole Wilber talk about the news of the week. Topics:   Attention New York Real Estate Brokers: Cultural Competency Course Required to be Licensed The New York Department of State released a news bulletin that said, "Effective 9/21/22, new real estate broker applicants must complete training in cultural competency to become licensed. To meet this new requirement, applicants can submit proof of completion of a two-hour continuing education course on cultural competency along with their real estate broker application." My State MLS in partnership with the CE Shop offers the class online for $19. Webinar Replay: How to Accelerate Your Real Estate Business Using Facebook At My State MLS, the nationwide multiple listing service, we want to help real estate agents like you supercharge your marketing. In this FREE webinar and ebook, we'll show you how to build your brand using Facebook, how to use Groups, and the best way to Boost your brand and content for success. Social media is a great opportunity for businesses to increase brand awareness and generate sales. For real estate agents and brokers, Facebook is still the #1 social platform for the most amount of views, engagement, and links to your website. Join Mike Brown and learn this powerful way to accelerate your business using Facebook.   Webinar Replay: Top 10 Things Your Real Estate Brokerage Needs Dawn Pfaff, President and founder of My State MLS plus a brokerage owner with over 20 years experience, explains what all real estate brokerage's need to setup and be in business. Latest Hot Sheet Real Estate Listings from My State MLS - 9-24-2022 Edition Here's the latest Hot Sheet Listings for single-family homes at My State MLS, the nationwide real estate multiple listing service. First up, a listing from Clifton Park, New York. Situated in the much sought-after Country Knolls neighborhood, is this charming five bedroom, two and a half bath Colonial. This 2,310 square foot home features a first-floor bedroom, front room with a wood burning fireplace, a formal dining room, and a spacious eat-in kitchen, all for $359,900!   What is Success to You? With Dawn Pfaff Just like different strokes for different folks is true, what success means for each of us is not the same. To some it's money or career. To others it's happiness in a family or a spiritual life. To many, it's all of that together. But how do you get there? Study Shows Home Price Corrections Most Likely in Washington, Texas, Utah and North Carolina Renting Beats Buying in All 100 Markets Surveyed Spokane, Washington and Austin, Texas are the two U.S. housing markets most exposed to price corrections, meaning consumers in those areas should strongly consider renting rather than buying, according to a new report from researchers at Florida Atlantic University and Florida International University.The BH&J National Price-to-Rent Ratios Monthly Report measures the relative cost of owning to renting in 100 metropolitan areas nationwide.   Tutorial: Navigate the My State MLS Member Homepage My State MLS, the nationwide real estate multiple listing service, members have a dashboard or what we call the 'Wall'.This video tutorial shows you around the Wall and how to navigate and customize it for your needs. Someone filed paperwork with Fla.'s Division of Corporations, changed CEO status, took out loans and sold property. The owner found out after trying to pay taxes. When Jim Glenn walked into the Sarasota County Tax Collector's Office in mid-August, he expected to pay his business' property taxes, just as he'd done many times before. But this time, he learned someone had already paid them. "Huh, that's weird," he thought. "What type of idiot pays someone else's taxes?"   Media & Industry Irrational Exuberance Fans False Housing Market Rumors "It's our forecast that the real estate market will start getting back to what it was like before the pandemic," said Dawn Pfaff, President of My State MLS. "What we've had over the last couple of years has been a national market that was reacting to unusual pressures - population movement and construction material supply interruptions because of COVID, and a growing population and more cash buyers causing ever increasing demand." That drove housing supply way down and prices way up - a mostly pandemic based housing boom. Now, with inflation running at 40-year highs and interest rates increasing to between 4% and 6%, housing price growth is slowing in most markets and is flat or reducing in a few markets."That doesn't mean that the real estate market is in the trouble that so many pundits are pushing," said Pfaff. Webinar Replay & Ebook: How to Boost Sales & Your Brand With Video In this Go Home TV Webinar, we explain an overview of content marketing using video for selling real estate. Do what's in the webinar and your results will be more social media and website traffic, more leads, more prospects, and more customers. Tips are given that apply to many industries; but, specifically to real estate. The target audience for the free webinar is real estate agents and brokers and shows how to attract property sellers and agents, brokers, and consumers for buying property. Presenter: R. Michael Brown, Go Home TV Producer   My State MLS Will Be At Florida Realtors Convention & Trade Expo on Aug 24-25 We are very excited to announce that My State MLS will be at "Build Your Business" Florida Realtors Convention & Trade Expo on August 24-25 in Orlando, FL. Come and see us at Booth 721 and don't forget to drop in your business card for a surprise giveaway! Stop by and learn from us how to make more money in a tightening market. In addition, Go Home TV will be reporting from the show so watch for us on social media.We would love to meet you all. Click to see some of the activities lined up for the attendees. [Go Home TV] Go Home TV Reaches 1000 YouTube Subscribers! Go Home TV, powered by My State MLS has reached 1,000 YouTube Subscribers. The real estate channel was launched in March 2022 and is becoming popular with over 4,000 hours watched so far.Real estate agents, brokers, appraisers, other real estate pros, and interested consumers are watching the free channel because of the fresh and relevant content about today's market. In celebration of this milestone, Dawn Pfaff, President of My State MLS and Host of Go Home TV, and Nicole Wilber, Co-Host did a "behind-the-scenes" market prediction video for the crazy market we're in...   You Can Buy a House Without Your Own Money Dawn Pfaff, President of My State MLS, explains how to buy a house when you don't have any of your own money for a down payment . Here's how... Are Housing Prices About to Collapse? Probably Not, and Here's Why By Martin Tiller, Nasdaq This morning's housing stats were, at first glance, not very good. The headline housing starts number showed a decline of close to ten percent from last month's number, versus a consensus expectation for a drop of closer to three percent. There was a little relief from the building permits number that was a little higher than expected, but even so, it appears that the house building boom is well and truly over. But does that mean that house prices are about to take a nosedive? Not necessarily. See our take on Mr. Tiller's analysis and follow the link to the full Nasdaq article.   Real Estate Agent Listing Agreements & Commissions Explained Dawn Pfaff, President and founder of My State MLS - the nationwide multiple listing service, explains broker and agent listing agreements with sellers and buyers, and the way commissions are broken down - and who pays the commissions. It's really quite simple when you hear this explanation. For this and more great video content including news, feature stories, free webinars, and more, be sure to subscribe to our Go Home TV YouTube Channel! [Only 28 more subscribers to reach 1,000!] Learn the Ultimate Guide to Calculate Your Mortgage Payment This is a great time to buy a house! Watch the video above and see Dawn Pfaff, President of My State MLS, explain the ins and outs of picking and calculating the right mortgage for you. If you're a home buyer this is great advice for you. If you're an agent, this will help you advise your home buying clients.   Spectacular Greek Revival Home Hits Upstate NY Market for $5.65M A stunning Greek Revival luxury home, located at 509 Bashford Road, in Chatham, NY, is now for sale, listed on My State MLS. The Columbia County beauty sits on 53 private acres. "This home is extremely unique in that it was built in 2015 yet the family wanted it to look like the home has been there forever," said listing agent Riley Williams of Miranda Real Estate Group, Inc. "It is a Greek Revival 'Connor Home' which is known for taking modern amenities and combining it with an old structure." As for the location of the 8,300-square-foot estate, it is sited in New York's Columbia County which borders Massachusetts and is well known for boasting a tight-knit hunting community. Understanding the MLS Landscape Today and Tomorrow RISMedia CEO & Leadership Exchange In today's frenzied real estate market, there's at least one thing agents and brokers continue to rely on: the power of multiple listing services.Like most things in real estate, MLSs are evolving to meet the needs of the professionals they serve. Some of this evolution is clear, while other shifts are more nuanced. This is why RISMedia felt it was imperative to bring together some of the sharpest minds in the industry to discuss these powerful platforms, how they're changing and what policies could impact their future. Dawn Pfaff, President and founder of My State MLS is a speaker on the panel.   Webinar Replay: Getting Started in Real Estate In this webinar, Dawn Pfaff, founder and President of My State MLS, with over 20 years of real estate experience as an appraiser, broker, investor, real estate license law instructor, and real estate tech entrepreneur, teaches new agents how to get started. There are new tips for agents that are stuck too. Watch the webinar and let us know what you think. Like and subscribe to these free webinars on our Go Home TV YouTube Channel.  Subscribe to Go Home TV on YouTube - It's Free! Subscribe to our YouTube Channel, GoHomeTV, and never miss any of our videos, contests, and webinars to learn how to make money in Real Estate.We share tips on how and where to find listings including open listings, how to promote properties, where to get buyers and sellers, updates on today's hot housing market, how to sell new construction, how to manage buying and selling in the foreclosure and auction market, and how to make passive income. Market Trends with Real Estate Economist Ken H. Johnson Go Home TV's Dawn Pfaff sat down with Ken H. Johnson, PhD, an economist and real estate researcher at Florida Atlantic University's (FAU) College of Business, to discuss the current and future market trends in key areas of the United States.They covered:
  International Buyers Shot Up 8.5% to $59 Billion in Sales A report released this week by the National Association of Realtors (NAR) showed that international buyers purchased $59 billion worth of U.S. residential properties from April 2021-March 2022, up 8.5% from the previous year and breaking a three-year streak of declines. The 98,600 existing homes sold - the lowest since NAR tracking began in 2009 - were down 7.9% from the previous year. In terms of overall dollar volume, rising foreign buyer purchase prices offset the annual decline in homes sold. "Property in the US is seen as a safe investment for international buyers who are looking to protect their assets," said Dawn Pfaff, President of My State MLS. "Even if there is a recession here, the United States is still a safe haven because of property rights protections." Announcing Go Home TV 'Watch and Earn' Contest Winners! Congratulations to the three (3) lucky winners! - Neil Sterrer - Danielle Fricano - Emily Samasonow You each answered all five (5) questions correctly, were randomly selected from the list that answered correctly, and each will receive a $500 Visa Cash Card once you have verified your eligibility and met the prize conditions. You have 15 days to respond. Here is a simple summary of what you need to do to claim your prize which will be mailed to you.   3 Ways to Help Struggling Residents Stay in Their Homes During the pandemic, emergency rental aid helped keep millions of people in their homes. This is thanks to a federal program that allocated $46 billion. The federal program is running out of money and shutting down in some places. But, as rents and inflation continue to increase, this will cause eviction notices to soar. There are still resources that can help you stay in your home more than two years after the pandemic hit the United States. Plus, My State MLS created and launched a state-by-state Financial Assistance Directory of federal, state, and local programs to offer assistance to residents who need help staying in the place they are currently living or find and pay for a new place to call home. WATCH & EARN CONTEST! Win a $500 Visa Cash Card in Our "Find the Fun Real Estate Answers on YouTube"Contest Chance for 3 Grand Prize Winners! CONTEST COMPLETED!!! WINNERS TO BE ANNOUNCED SOON. MAKE SURE YOU DON'T MISS OUR FUTURE CONTESTS BY Freddie Mac to Include On-Time Rent in Underwriting On-time rental payments to be included in Freddie Mac's system starting July 10 Freddie Mac announced that it will increase homeownership opportunities for first-time homebuyers by considering on-time rent payments as part of the company's loan purchase decisions. Beginning July 10, 2022, this automated functionality will be available to mortgage lenders nationwide through Freddie Mac Loan Product Advisor® (LPA), the company's automated underwriting system. "Finally!" said Dawn Pfaff, President of My State MLS. "If you can afford pay a certain amount for rent and you are making that payment every month, then that should be considered in the underwriting process. This will help a lot of first time home buyers get into a home."   Researchers: Rising Interest Rates Not Likely to Give Renters Relief Better Supply-Demand Balance is Key to More Moderate Rents Crushing rent increases remain the norm across Florida and beyond, and the Federal Reserve's recent interest rate hike is unlikely to improve the landscape for cash-strapped renters, according to researchers at Florida Atlantic University and two other schools. The Waller Weeks & Johnson Rental Index, a collaboration started this year by FAU, The University of Alabama and Florida Gulf Coast University, finds that renters are paying significantly more than expected based on historical trends in individual markets. Real Estate Companies are Actually NOT Laying off Staff Right and Left Recent headlines have been filled with news of layoffs, but look closer. The companies where layoffs are occurring are wholly unrepresentative of the real estate industry and don't represent a major trend. Inman performed an analysis on the industry and published it today. Here's a summary of their findings and our view at My State MLS.   Can You Make a Fortune Shorting Real Estate? Is it possible to make a fortune shorting real estate? A YouTuber named Vlad #Biaheza posted a video about shorting real estate, and in two days, he had over 165,000 views on that video. I guess I wasn't the only one who wanted to figure out how to short real estate. He explained the current situation in real estate and how the market has gone way up. And now with rising interest rates, he is betting it will come all the way down. Real Estate Brokers: Recruit & Retain More Agents with My State MLS My State MLS is a nationwide Multiple Listing Service covering the entire U.S.. Real estate pros can:
Many brokers use My State MLS to recruit superstar agents and newly licensed agents to build their growing firms.   Mortgage Rates Still Under 4%? Find Out How. All right. It's time to talk about ARMs. ARMs are finally back. And you know what I'm talking about when I say ARMs and I'm not talking about arm fat. I am talking about adjustable rate mortgages. They're back and they're much lower than the regular rate. I know that you've heard that the rates are like above 5%, but it is still possible to get 3.9% right now by taking an adjustable rate mortgage.It's called a 5-1 ARM. My State MLS in the News: The Current State of the Real Estate Metaverse We have roads, neighborhoods, cities, states, countries and now the metaverse. Many experts look at the metaverse as a 3D model of the internet. If you've ever put on a virtual reality headset to spend time in digital life, you've visited the metaverse.How we interact with others has evolved from print to phones and social media. Today, it's not just about communication. It's about business. For example, instead of buying something online with your flat mobile phone or laptop screen, imagine seeing yourself in specific clothes in a store through a hologram in your living room. Yes, the virtual world, or worlds, is becoming the real world.   Go Home TV's Dawn and Nicole Breaks into the Metaverse Is Crypto Safe in the Metaverse? Introducing Dawn and Nicole in the metaverse. The Go Home TV cohosts start to explore the evolving virtual world of the metaverse. Join them here as they explore, and we learn together, about real estate in the metaverse. Webinar: Where is the Real Estate Inventory & Where to Find It GoHome TV Webinar series on how to stay ahead of the competition in this difficult real estate market. Watch the replay.  Subscribe to Go Home TV on YouTube - It's Free! Subscribe to our YouTube Channel, GoHomeTV, and never miss any of our videos and webinars to learn how to make money in Real Estate. We share tips on how and where to find listings including open listings, how to promote properties, where to get buyers and sellers, updates on today's hot housing market, how to sell new construction, how to manage buying and selling in the foreclosure and auction market, and how to make passive income.  Fort Myers, Other Florida Metros Top List of Largest U.S. Rent Increases Rents for homes and apartments have soared nationwide over the past year, and Florida remains at the heart of a problem overwhelming U.S. consumers, according to an analysis of 107 rental markets by researchers at Florida Atlantic University and two other schools. Based on year-over-year rent increases, eight of the Top 10 markets are in Florida, with only No. 4 Sierra Vista, Arizona and No. 7 Knoxville, Tennessee making the list from outside the Sunshine State. Renters in Fort Myers, on Florida's west coast south of Tampa, have been hit particularly hard. The average rent there for April was $2,073, up 32.38 percent from a year ago, the nation's largest increase. What's Going to Happen with this Real Estate Market? - Part 1 Go Home TV went to Florida Atlantic University in Boca Raton to have an in-depth conversation with Ken H. Johnson, PhD, Assistant Dean of Graduate Programs in the College of Business, about current real estate trends in the market. Host Dawn Pfaff, President of My State MLS, interviewed Ken about the latest hot topics in real estate. Topics that every real estate agent should know.   Webinar: How to Earn Money with My State MLS Affiliate Program Dave Mink, VP of Operations at My State MLS, explains our MLS Affiliate Program. It's a way to make money by referring real estate pros to become members of My State MLS. Dave said by way of introduction, "Today we're going to be talking about MLS affiliate and how it can be used as a platform for you to generate additional revenue and additional income in addition to what you're already doing with your real estate business." "What if your MLS actually sent money back to your pocket by paying you for referring others to join the platform? That's exactly what MLS affiliate is. My State MLS makes it really easy for you to become an affiliate and start earning that income." Webinar: Using Professional Search on My State MLS Dawn Pfaff, President of My State MLS, teaches you how to use ProSearch on My State MLS. Our Professional Search feature provides the most comprehensive search data for real estate pros, a great way to network and gain referrals across the country, and a way to beat the competition with fast and helpful information for your clients. Dawn takes you through step-by-step on how to use ProSearch.   Sales of Newly Built Homes Tumbled Over 16% in April While Prices Soared Sales of newly built homes dropped 16.6% in April from March, far more than expected, and were down 26.9% from April 2021, according to the U.S. Census.The annualized rate came in at 591,000 units, seasonally adjusted. Analysts had been expecting 750,000. March's read was also revised lower. That is the slowest sales pace since April 2020, when everything shut down at the start of the Covid pandemic. Sales surged quickly after that, as Americans sought bigger homes with outdoor spaces for quarantining. In addition to this news, see our analysis that shows you the impact and what it means for the bigger picture of housing in the U.S. Hometown Heroes Housing Program Gets the Green Light in Florida The $100M program, a top Florida Realtors priority, will provide zero-interest loans to be used toward down payment and closing costs - up to 5% of the loan or $25K.   Webinar: How to Generate Real Estate Leads with My State MLS Using Open Listings Founder and President of My State MLS Dawn Pfaff takes you through step-by-step how to get and use Open Listings to expand your business wherever you are licensed anywhere in the U.S. This is an awesome way to increase your sales and make money even in this tight, low inventory market. 3 Million in Sales in 3 Months with Open Listings In this episode, Dawn Pfaff and Nicole Wilber talk about real estate topics that are hot on social media right now. Watch them in the Real Estate Cellar on Go Home TV.Topics include:
  Advice from the Mortgage Mom Deanne Katsaros Diane Katsaros, owner of Greentree Mortgage Company, came to the Real Estate Cellar to talk to us about loans, mortgage loans, and how she helps buyers get into homes."They call me the mortgage mom because I basically treat my clients like family," said Diane. "Mortgage mom just came about because if somebody is not able to purchase a home now, we're able to take them through the process. So it might be credit, it might be assets, it might be budgeting. I'm holding their hand through the entire process." April Housing Report: Inventory Readies to Rebound In April, the U.S. supply of active listings posted the smallest year-over-year decline (-12.2%) since the end of 2019, led by gains in the share of mid-sized homesNew data suggests that the U.S. housing supply is readying to rebound, as active listings posted the smallest year-over-year declines (-12.2%) since December 2019, according to the Realtor.com® Monthly Housing Trends Report released today. Inventory improvements were led by increases in the share of mid-sized homes, which could mean more listings available to families looking to upgrade from their starter homes - which could, in turn, potentially result in an uptick in first-time buying options.  Real Estate AgentsDo You Feel Like Your Local Multiple Listing Service (MLS) Keeps You in a Box?Why not use a nationwide MLS? With My State MLS you'll be able to: - Expand your territory- Get referrals- List wherever you're licensed  BREAKING NEWS - Interest Rates, Mortgage Market, Housing Market Update from the Real Estate Cellar on Go Home TV with co-hosts Dawn Pfaff and Nicole Wilber, Powered by My State MLS. New Study Reveals Florida Dominates List of 25 Most Overvalued U.S. Rental Markets Researchers: Shortage of Units Will Lead to Real Estate 'Reckoning' Rental rates for homes and apartments have spiked across the nation, and Florida is the center of the surge, according to a new study from Florida Atlantic University and two other schools. The researchers ranked the 25 most overvalued U.S. rental markets, and the first five all are in the Sunshine State. South Florida heads the list, with renters in Miami-Dade, Broward and Palm Beach counties paying an average $2,832 a month - 21.75 percent above what they should be paying, based on the area's long-term leasing trends.   Rents are rising everywhere. See how much prices are up in your area. Nationally, rents rose a record 11.3 percent last year, according to real estate research firm CoStar Group. That fast pace of growth remained elevated in the first months of 2022, as many parts of the country continued to notch double-digit jumps in rent prices. "A supply-demand mismatch is making rents unaffordable," said Dennis Shea, executive director of the J. Ronald Terwilliger Center for Housing Policy at the Bipartisan Policy Center. "The lowest-income families are being hardest hit by rising rents and a lack of supply." Strong Demand for Homes Bolsters Prices, Forcing Buyers Across the Country to Overpay FAU Economist: Some Properties Won't Fetch Enough Money in Resales Home prices in the overwhelming majority of the nation's largest housing markets continue to rise despite the Federal Reserve's move to raise mortgage rates in hopes of curtailing runaway demand, according to researchers at Florida Atlantic University and Florida International University. In 99 of the 100 markets surveyed, rising prices are forcing buyers to pay higher premiums - the amount of money above what they should be spending based on past pricing trends. The larger the premium, the more overvalued a market is.   Tips to follow when shopping for a mortgage to protect your credit score, personal information.Plus an explanation of Private Mortgage Insurance (PMI). Update: 4/27/2022 200 Listings in 30 Days - They Said It Couldn't Be Done - UPDATE It's been 60 days and our My State MLS member that was originally given the challenge of 200 listings in 30 days, now has over 400 listings, 40 leads, including 8 customers, and closed 3 land deals. Who says there's no inventory?   The Truth About Mortgage Rates "There's been a lot of talk about mortgage rates lately, rates going crazy up into the sixes, which is not happening," said Dawn Pfaff, President of My State MLS. "We're here to show you how I look up rates." BREAKING NEWS: Real Estate Market Updates from the Real Estate Cellar 4-22-2022 MORTGAGE RATES HOUSING INVENTORY 5 STEPS ON HOW TO AVOID ANY CLIFF IN A CHANGING MARKET   Real Estate Market Heading for a Cliff?
See More [Go Home TV] IMMEDIATE ACTION REQUIRED: New York State Standard Operating Procedure Law Effective April 20, 2022 Impacts all Real Estate Brokerages   Foreclosures are on the Rise. Here's What that Says about the Housing Market What do these foreclosures say about the housing market? Watch These Overvalued Housing Markets as Home Price Growth Begins to Decelerate At its latest reading, U.S. home prices shot up 19.2% between January 2021 and January 2022. But over the coming 12 months, CoreLogic says, home prices will rise just 5%. See More [Go Home TV]  Real Estate Pros - Tax Advice for Brokers and Agents - Part One Go Home TV brought tax expert Michael Miller, P.A. into the studio for a two-part interview with host Dawn Pfaff, president of My State MLS, first on what you need to know and do by April 18th, 2022, and second how to get through the complicated tax issues when it's time to help your clients close on a property. Michael is a former IRS Agent and he's a CPA and lawyer that specializes in tax resolution for his clients. How to Buy Real Estate at Auction In this series on Buying Real Estate at Auction, Dawn Pfaff, president of My State MLS, broker, and real estate investor with over 20 years of experience, and her co-host Nicole Wilbur, will show you the auction process as Dawn bids on property that she intends to invest in. She'll talk to you about the different types of auctions, tips to make a profitable purchase, and the pitfalls to avoid.   Sellers' Market Peak? More Drop Their Asking Price |
