Buyers Writing a Love Letter? Give Them a Reason Not To
NAR is still warning Realtors about the dangers of “love letters” that some buyers write to sellers. In some cases, they create a potential fair housing violation.
Sea-Level Rise Could Impact Homes 20 Miles from Water
While ocean-view homes seem most at-risk for rising seas, coastal metros that rely on canals and water management can find that flood waters have no place to go.
Ransomware, Data Theft, Hacking? Consider Cyber Insurance
Cyber insurance is tricky because it focuses on intangible data. How do you value that and then insure potential risk? But in today’s world, it’s worth considering.
Transaction Check: NFIP Flood Rates to Change on Oct. 1
Buyers who close after Oct. 1 and need flood insurance should understand upcoming flood insurance changes. The new rating system is property-specific and not yet published, but 12% of Fla. homes will see at least a $120 yearly increase. Buyers may be able to assume a seller’s policy and rates, however.
Mortgage Rates Oddly Stable, 30-Year 2.88% This Week
The economy appears balanced if mortgage rates are an accurate reflection. This week’s average 30-year, fixed-rate loan rose only slightly from last week’s 2.87%.
Real Estate Firms, COVID and Returning to the Office
As in firms nationwide, real estate companies vary greatly in return-to-the-office policies. A handful mandate vaccines for everyone; others say they never closed.