Fla.’s Insurer Could Hit 1.2M Policies This Year
The CEO of Citizens Property Insurance – the Fla.-owned “insurer of last resort” – foresees “almost incomprehensible growth” for the rest of this year.
Buyers Asking About a Home that Already Sold?
What do you tell them? It’s an opportunity to start a conversation and build value if the caller doesn’t have an agent but tell them the home’s “sold” status upfront.
Contingencies Coming Back? Market Is Shifting
Buyers have removed contingencies in order to woo buyers. If you’re seeing those returning, it suggests that your market doesn’t favor sellers quite as much.
Uptick in Homebuyers Canceling Deals
In June, just shy of 15% of contracted sales were canceled before closing – the highest rate since the start of the pandemic – as more buyers rethink their decision.
Economy: Inflation Hit 40-Year High in June
At 9.1%, June inflation hit a rise not seen since 1981. On the plus side, recession fears appear unwarranted for now as other numbers remained surprisingly robust.