Sombrero Reef-Marathon 7 Mile Bridge-Atlantic on Left - Gulf of Mexico on Right Sombrero Beach City Park - Marathon New-Old 7 Mile Bridge - Marathon A typical sunny day in the Keys Sunset in the Florida Keys Point in Marathon
Diane Chaplin-Colvard, Broker/Owner, REALTOR®, CRB, CRS, GRI
Office: (305) 743-6084  



Real Estate News for Realtors and Brokers

Fannie and Freddie get green light to buy $1M mortgages
The big run-up in home prices may have cooled, but the 2023 conforming loan limit is going up 12 percent to $727,200 in most parts of the country.

It now costs $888 more to buy a home than to rent one: Report
The gap between buying a home and renting one has widened since 2020, "The Wall Street Journal" reports. It now costs $3,058 a month to buy an entry-level home.

Will I have to sell real estate til I’m 70?
Do you know how much you need on hand to retire? Agent Lorraine Beato shares a cautionary tale about preparing now so that you are not selling homes well into your golden years to stay afloat.

Corcoran Group and Savills expand relationship to encompass Miami
Corcoran Group agents in Miami can now refer clients to the London-based Savills' global network and vice versa, allowing access to buyers and sellers in more than 70 countries.

Home prices dropped in September for third straight month
The S&P Corelogic Case-Shiller Home Price Index reported a 10.6 percent annual gain in home prices during September, down from the previous month when they increased 12.9 percent.

How rising interest rates affect cap rates and rental returns
Rents don’t historically fall during recessions, even as home prices do. Investors should keep the following in mind moving forward.

Proptech’s leader has been crashing on our couch this whole time
According to expert Drew Meyers, everyone's talking about proptech without even a whiff of the defining company in the category in the conversation. In fact, the largest proptech company is rarely mentioned.

Decide already! 8 steps for beating analysis paralysis with confidence
Not sure how to make a decision or guide your clients to one? Author and trainer Bernice Ross provides a simple formula that leads to clarity and confidence for you and your clients.

What real estate agents need to know about kitchens and bathrooms from the 1950s 
Expert Gerard Splendore takes us back in time to when pastels and metals dominated the design world for kitchens and baths in the 1950s. This amazing time in design changes is still very popular today with those who love vintage fixtures

Sign of the times: What the market could be signaling
The proof is in the numbers as financial expert and self-proclaimed "cocktail" economist Peter Prudden dives into the unknown to try to determine what current market conditions may mean for the correction ahead.

Need clients? Here’s how to capture and convert the 6 major buyer types
Converting leads into clients isn’t easy, but knowing various types of clients and how to market to them will help. Chris Heller offers step-by-step strategies for capturing and converting the leads you need now.

Former Ebby Halliday executive Mary Frances Burleson dies at 87
The former president and CEO died of natural causes on Nov. 27, according to a company announcement. The company will continue to support Burleson's philanthropic efforts.

@properties bolsters exec team with new hires and a promotion
Brent Dobsch joins the Chicago-based real estate brokerage as chief financial officer, Dana Bina was promoted to chief technology officer and Branden Lopez joins the firm as director of legal.

Revive’s new product looks to give listing agents an ‘edge’
Revive won the 2022 Pitch Battle sponsored by the National Association of Realtors, claiming a $15,000 prize from Second Century Ventures, NAR's technology focused, for-profit investment subsidiary.

Undeveloped Miami-area penthouse asks record price of $90M
A penthouse within a not-yet-developed luxury condo building on Fisher Island is asking $90 million, and at that price, the sale would blow previous records for condos in the area out of the water.

‘No housing bubble’: An economist’s top 10 predictions for 2023
Cut through the online clutter and armchair quarterbacking of the real estate industry with these expert predictions from Windermere Real Estate Chief Economist Matthew Gardner.

Pandemic-era boomtowns see steepest price growth slowdowns
Median home price growth has slowed the fastest in Austin, Phoenix and San Jose, with fellow pandemic boomtowns Las Vegas and Boise also seeing significant slowdowns.

7 things investors need in an agent right now
David Parnes and James Harris of "Million Dollar Listing LA" share their secrets for success in helping investors in the shifting market. It will take thoughtful and savvy moves to keep investors purchasing into 2023.

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