State-Run Insurer Considering 3 Ways to Trim Policy Numbers
Citizens, the state-owned property insurer, is expected to have 1M policies by 2022. It’s looking at new tactics that could force covered owners to get private coverage.
Many Overly-Confident Sellers Price Their Home Too High
Homeowners have read bidding-war stories and heard about homes selling for thousands of dollars more than asking price. Now they’re becoming sellers and think they can overprice their property, but the market is seeing more price reductions – 9.4% in Aug., says Zillow, up from 8.6% in July.
Renters Uncertain About Their Future
Low interest rates and a severe shortage of homes for sale are contributing to rising costs for renters and would-be homebuyers, even as more rental homes are sold.
Sound More Confident by Avoiding These Phrases
Here’s one: “Sorry,” often used as “Sorry to bother you, but …” If you often offer an unnecessary apology, it makes you sound somewhat timid.
NAR: Vacation Homes Will Defy Any Market Slowdown
While overall home sales show signs of cooling as prices rise and buyers step back, NAR Economist Yun doesn’t see that reflected in sales of vacation homes.
What Is Gentrification – and Why Is It Good or Bad?
It means a neighborhood is changing from low-income to trendy. It’s good for early buyers, but it’s bad for lower-income owners who can no longer afford to live there.