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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.”

 
PulteGroup’s West Florida Division has announced that Shannon Boylan has joined the company’s Mortgage Group, Pulte Mortgage, as West Florida Branch Manager
PulteGroup’s West Florida Division has announced that Shannon Boylan has joined the company’s Mortgage Group, Pulte Mortgage, as West Florida Branch Manager. Boylan will help support the Division’s 2018 plan, which includes the opening of 12 communities in the Tampa region.
PulteGroup’s West Florida Division has announced that Shannon Boylan has joined the company’s Mortgage Group, Pulte Mortgage, as West Florida Branch Manager
 
The Florida native brings 25 years of experience in the builder-captive space, having spent 18 of those years at a Tampa-based mortgage company overseeing the production and closing of over $200 million in residential mortgage applications on an annual basis.
 
“Shannon’s experience in the mortgage industry is impressive,” said Sean Strickler, President of Pulte’s West Florida Division. “Someone with her caliber of experience is just what we need to help keep us on track in one of our most productive years.”
 
Pulte Mortgage finances new home construction for customers of Pulte Homes, Centex, Del Webb, DiVosta and John Wieland Homes. The company’s personal loan consultants are dedicated to helping customers select financing solutions to fit their unique situations.
 
“Pulte has big plans for its West Florida Division in 2018 and beyond, which means an influx of customers coming through our doors,” said Boylan. “I’m looking forward to helping families settle into a home that fits their needs and dreams.”


 
ATTOM Data Solutions has released its 2018 Neighborhood Housing Index, which uses new neighborhood boundary data to rank more than 10,000 neighborhood housing markets nationwide based on six factors impacting the hyperlocal housing market: Affordability, home price appreciation, school scores, crime rates, unemployment rates and property.
 
The top five U.S. neighborhood housing markets based on the index were the Pine Ridge neighborhood in the Naples, Fla. metro ($632,871 median price); Westlake neighborhood in the Mobile, Ala. metro ($196,179); Union neighborhood in the San Jose, Calif. metro ($795,000); Westmoreland neighborhood in the Charlotte, N.C. metro ($326,000); and Hunters Hill neighborhood in the Denver metro ($271,000)
 
“While home prices are typically higher in higher-ranked neighborhoods with better schools and lower crime, there are still many top-notch neighborhoods with more reasonably priced homes,” said Daren Blomquist, Senior Vice President at ATTOM Data Solutions. “The top five neighborhoods in this ranking represent a diverse set of markets across the country, illustrating that great neighborhoods come in many different forms.”
 
ATTOM divided the 10,950 ranked neighborhoods into quintiles, assigning each of the five groups a letter grade from A to F, and then analyzed housing characteristics and trends by group.
 
“It’s somewhat surprising that the worst affordability is in neighborhoods with an F grade, even though those markets also posted the lowest home prices and negative price appreciation,” Blomquist said. “Meanwhile, rents are rising the fastest in these neighborhoods, illustrating why the path to homeownership can be so difficult in these areas.”
 
There were 136 neighborhoods with an A rating and with median home prices of $100,000 or less, led by the Devonshire neighborhood in the Mobile, Ala. metro ($78,038 median price); the Park Central neighborhood in the Orlando Fla. metro ($91,750); the East English Village neighborhood in the Detroit metro area ($66,750); the Cypress Shores neighborhood in the Mobile, Ala. metro ($85,000); and the Hathaway Manor neighborhood in the St. Louis metro ($69,190).