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FAMP Gold Coast Chapter's Annual Holiday Party will be held Thursday, Dec. 6 at Galuppi's Patio Bar 1103 N Federal Highway in Pompano Beach, Fla. from 6:30 p.m.-9:30 p.m.
FAMP Gold Coast Chapter's Annual Holiday Party will be held Thursday, Dec. 6 at Galuppi's Patio Bar 1103 N Federal Highway in Pompano Beach, Fla. from 6:30 p.m.-9:30 p.m.
 
Featuring appetizers, refreshments and live music! 
 
We are collecting for our Annual Toy Drive. Please bring a new unwrapped toy and get a drink ticket!
 
For more information, click here or call the FAMP Gold Coast Chapter at (954) 986-0808.

 
In the year since Hurricane Irma struck Florida, the Sunshine State’s housing market has bounced back with gusto, according to data from Florida Realtors
In the year since Hurricane Irma struck Florida, the Sunshine State’s housing market has bounced back with gusto, according to data from Florida Realtors.
 
Sales of single-family homes statewide totaled 21,087 last month, up 17 percent compared to September 2017, while the statewide median sales price for single-family existing homes was $251,610, up 4.9 percent from the previous year. condo-townhouse market, statewide closed sales totaled 8,492 last month, up 14.6 percent compared to a year ago. In the condo-townhouse market, closed sales totaled 8,492 last month, up 14.6 percent compared to a year ago, while the median price was $182,500, up 5.5 percent over the year-ago figure. September was the 81st consecutive month that statewide median sales prices for both single-family homes and condo-townhouse properties increased on a year-over-year basis.
 
Nonetheless, the trade group acknowledged that the September data should be viewed with an asterisk.
 
"This September marked the one-year anniversary of Hurricane Irma carving a path of destruction across the entirety of the Florida peninsula," said Florida Realtors Chief Economist Brad O'Connor. "With most areas of the state out of commission for a week or more, we saw severely depressed levels of closed sales, new pending sales and new listings last September.  For this reason, the year-over-year changes in these three metrics are inflated in this September's data and aren't reflective of current trends."

 
FAMP's Suncoast Region Presents "Ask an Underwriter!" Networking Event, set for Wednesday, Oct. 24, 2018 from 5:30 pm-7:30 pm at Beef O'Brady's, located at 1037 Sumter Boulevard in North Port, Fla., sponsored by Royal Pacific Funding
FAMP's Suncoast Region Presents "Ask an Underwriter!" Networking Event, set for Wednesday, Oct. 24, 2018 from 5:30 pm-7:30 pm at Beef O'Brady's, located at 1037 Sumter Boulevard in North Port, Fla., sponsored by Royal Pacific Funding.

Come out to an after business hours networking event for your local Florida Association of Mortgage Professionals.

We will have a Senior Underwriter as a guest that will be answering any of your questions giving you an insight into what they do on a day to day basis.

The evening will be sponsored by Royal Pacific Funding, who will be providing finger food.

 
For more information, contact Darlene Kowalczyk at (941) 496-9800 or click here to view the event flyer.

 
 
 
Element Funding has added South Florida local and industry veteran Greg Downs as the newest Loan Officer in its West Palm Beach, Fla. location
Element Funding has added South Florida local and industry veteran Greg Downs as the newest Loan Officer in its West Palm Beach, Fla. location.
Element Funding has added South Florida local and industry veteran Greg Downs as the newest Loan Officer in its West Palm Beach, Fla. location
 
Downs brings 25 years of mortgage lending experience to his new position, and has been working with customers in the Palm Beach and Treasure Coast Communities since 1996.
 
“Greg is recognized as one of the top Senior Loan Officers in South Florida,” said Element Funding Sales Manager Gary Tuorto. “He is known for providing the best mortgage experience for his customers and business partners, and we are honored to welcome and serve alongside him.”

 
 
For the second consecutive month, the Florida housing market has seen an increase in new listings, according to data from Florida Realtors
For the second consecutive month, the Florida housing market has seen an increase in new listings, according to data from Florida Realtors.
 
“New listings for existing single-family homes rose 6.6 percent compared to a year ago and new listings for condo-townhouse properties increased 4.1 percent from last August,” said 2018 Florida Realtors President Christine Hansen, Broker-Owner with Century 21 Hansen Realty in Fort Lauderdale. “At the same time, the median time for a sale to go to contract is getting shorter: For single-family homes, it was 36 days, down 2.7 percent; for condo-townhouse properties, it was 46 days, down 6.1 percent.”
 
Also increasing were property prices. The statewide median sales price for single-family existing homes was $254,290, up 6 percent from last year, while the median price for condo-townhouse units was $185,000, up 8.8 percent over the year-ago figure. August marked the 80th consecutive month of annualized increases in the statewide median sales prices for both single-family homes and condo-townhouse properties.
 
Sales of single-family homes statewide totaled 26,273 last month, up 4.2 percent compared to August 2017, while statewide closed sales of condo-townhouse unites totaled 10,365, up 6.6 percent compared to a year ago.

 
When it comes to global interest in Miami’s residential property market, the greatest number of potential buyers are based out of Colombia
When it comes to global interest in Miami’s residential property market, the greatest number of potential buyers are based out of Colombia.
 
According to a new report from the Miami Association of Realtors, Colombia registered 12 percent of all international searches on the trade group’s MiamiRealtors.com portal during June. This marked the seventh consecutive month that Colombian interest outpaced the rest of the world via the trade group’s portal. In comparison, potential buyers from India made up 6.2 percent of global interest, followed by Venezuela (six percent), Spain (5.9 percent) and Canada (5.2 percent).
 
Colombian homebuyers tied with Canada in making the third-most international purchases in South Florida, according to the 2017 Profile of International Home Buyers published by the Realtors’s group. Colombia had a nine percent share of all international purchases in South Florida, while Argentina (15 percent) and Venezuela (11 percent) had the most and second-most purchases, respectively. Miami-Fort Lauderdale-West Palm Beach ranked as the most searched U.S. market by international consumers, according to Realtor.com data from June.
 
Among searches involving American buyers, most interest in the Miami housing market came from New York, followed by California, Texas, North Carolina and Virginia.

 
FAMP's Gold Coast Chapter presents its Election, Installation & Awards Night, set for Thursday, Sept. 27 at Ouzo Bay, located in Mizner Park, 201 Plaza Real in Boca Raton, Fla. from 5:30 p.m.-8:30 p.m.
FAMP's Gold Coast Chapter presents its Election, Installation & Awards Night, set for Thursday, Sept. 27 at Ouzo Bay, located in Mizner Park, 201 Plaza Real in Boca Raton, Fla. from 5:30 p.m.-8:30 p.m.
 
Please join the FAMP Gold Coast Chapter on September 27th @ Ouzo Bay. We will be installing the chapter's new board of officers, and enjoy a night of networking! Cost is $20 for FAMP Members and $35 for Non-Members.
 
Click here for more information or contact the FAMP Gold Coast Chapter at (954) 986-0808 or e-mail emails@browardfamp.org.

 
Join the Gold Coast Chapter of FAMP on Thursday, September 20th at 1000 North Waterfront Restaurant, 1000 North U.S. Highway 1 in Jupiter, Fla., for its Lunch & Learn, featuring Dorothy Jacks, Palm Beach Property Appraiser from 11:30 a.m.-2:00 p.m.
Join the Gold Coast Chapter of FAMP on Thursday, September 20th at 1000 North Waterfront Restaurant, 1000 North U.S. Highway 1 in Jupiter, Fla., for its Lunch & Learn, featuring Dorothy Jacks, Palm Beach Property Appraiser from 11:30 a.m.-2:00 p.m.
 
Have questions on savings benefits for property owners, including property tax issues, portability, and appraisal and exemption services? Get your questions answered and enjoy lunch!
 
Click here for more informaton, call (954) 986-0808 or e-mail emails@browardfamp.org.

 
 
On Thursday, November 15, NAMMBA CONNECT Orlando comes to the Doubletree by Hilton Orlando Seaworld, 10100 International Drive in Orlando, Fla. from 9:00 a.m.-5:00 p.m.
On Thursday, November 15, NAMMBA CONNECT Orlando comes to the Doubletree by Hilton Orlando Seaworld, 10100 International Drive in Orlando, Fla. from 9:00 a.m.-5:00 p.m.
 
Highlights of NAMMBA CONNECT Orlando …
 
►An Introduction from Tony Thompson, CEO/Founder, NAMMBA
►Building Your Brand With Social Media featuring Ben Smidt, MGIC, Digital Marketing Program Manager
►Realtor Panel featuring Juliana Boseli-Neves, Glasstone Group, Broker/Owner and Veronica Figueroa, RE/MAX Innovation, Owner
►The Coaches Corner featuring Kevin McGovern, Fairway Independent Mortgage Corporation, Mentor Coach/Area Manager and Tobi Moyle, Life is a Ladder Inc., President
►LO Top Producer Panel featuring Rocio Portella, Annie Mac Home Loans, Loan Officer and Dario Jimenez, Union Home Mortgage, Luxury Home Lending Specialist
 
Click here for more information or to register for this event. 

 
Sales of single-family homes in Florida during July totaled 25,488, up 3.8 percent compared to July 2017
Sales of single-family homes in Florida during July totaled 25,488, up 3.8 percent compared to July 2017, according to new data from Florida Realtors. Also on the rise was the statewide median sales price for single-family existing homes: $255,000, up 6.3 percent from the previous year.
 
The numbers were also bright for the Sunshine State’s condo and townhome market. The statewide closed sales total for condos and townhomes last month was 10,032, up 8.5 percent compared to a year ago, while the statewide median price for condo-townhouse units in July was $180,000, up 5.3 percent over the July 2017 level. July marked the 79th consecutive month that the statewide median sales prices for both single-family homes and condo-townhouse properties rose year-over-year.
 
"In a positive sign for Florida's housing market and potential buyers, we saw a modest increase in new listings in July," said 2018 Florida Realtors President Christine Hansen, broker-owner with Century 21 Hansen Realty in Fort Lauderdale. "New listings for existing single-family homes rose 3.1 percent compared to a year ago and new listings for condo-townhouse properties increased 2 percent from last July. Meanwhile, home sellers received more of their original asking price at the closing table. Sellers of existing single-family homes received 96.7 percent (median percentage) of their original listing price, while those selling condo-townhouse properties received 95.3 percent (median percentage)."
 
However, the single-family inventory level during July was 3.9 months, which marked the third month in a row that there has been no year-over-year change in inventory stock. Florida Realtors Chief Economist Brad O'Connor worried that this will shut out many potential young homeowners.
 
“Half of Florida's 4.3 million Millennials are now in their 30s, and while their employment opportunities have improved drastically in recent years, the state's housing shortage is locking them out of their best opportunity to build lasting wealth during their prime working years,” O'Connor said. “In the short run, their best bet may be to consider ownership of a multifamily unit like a condo or townhouse, where inventory levels are not nearly as tight in most areas around the state. Statewide, there's currently a 5.3-months' supply in the condo-townhouse category, indicating a much more balanced market than what we have with single-family homes.”