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The Daily 102414 Hot Sheet of Palm Beach R.E. & FL Realtor News

By Winston Heverly

Real Estate Agent with Coldwell Banker Access Realty 433494

October 24, 2014 04:07 AM

The Daily Hot Sheet of Palm Beach Real Estate & FL Realtor News

Friday, October 24, 2014

TODAY'S TOP STORIES

Average 30-year loan rate falls to 3.92%

The mortgage rate slide continued for the fifth week in a row, as the average FRM dropped from last week's 3.97%. Read more.

U.S. new-home sales close to flat in Sept.

Commerce Dept.: New-home sales edged up 0.2% last month to a seasonally adjusted annual rate of 467,000; Aug. sales revised downward to a pace of 466,000. Read more.

Housing is missing 700K in sales

Looking at historical market averages, both new-home and existing-home sales down, but new-home sales had biggest loss: Down 77% from 2005 peak to 2011 low. Read more.

Office market reaches recovery 'sweet spot'

CoStar: Investors see higher incomes for office properties with rising rents, falling vacancies, rising net absorption and controlled supply of new office space. Read more.

Study: Fewer marriages = slow housing recovery

Marriage, children lead many Americans to buy a home. A John Burns Real Estate Consulting report suggests a marriage slowdown may be hurting home sales. Read more.

NOW YOU KNOW

Convert Internet leads without marketing dollars

Internet leads can help dramatically boost transaction volume when handled properly. An important success detail: Online inquiries must receive a quick response. Read more.