Another Fla. Insurer Will Likely Be Dissolved
Insurers need an A rating from Demotech, a ratings firm, to remain viable, and Lighthouse Property Ins.’ loss of an A make its future business unlikely.
Average Weekly Mortgage Rates Soar Past 4.5%
At 4.67%, this week’s average rate for a 30-year, fixed-rate mortgage is up from last week’s 4.42% and notably higher than 3.18% one year ago.
New SW Fla. Home Comes with Alligator in the Bedroom
A new Babcock Ranch home came with an alligator squatter in the main bedroom. The reptile was quickly evicted.
DeSantis: We Need to ‘Do More’ on Insurance
More needs done to fix Fla.’s property insurance market, and the governor expects the Legislature to “have another bite of the apple very, very shortly.”
Feds Tracking Large and Small PPP Loan Fraud
APMS, the HOA management firm that allegedly stole money, took out a PPP loan, but DOJ is also charging a small business owner who received just $5K.
Free CE Course: Master Your Market with SunStats
Florida Realtors economist: You don’t have to be an economist to sound like one. Get CE credit by creating local-data charts and graphs that market your business.
NAR: Big Housing Increase in Biden Budget
The president’s budget is mainly a request to Congress, but a 34% increase for HUD suggests an emphasis on the need for more affordable housing.
Find Your Real Estate Niche by Specializing
Realtors who specialize in a niche market create a road map for their career. It makes many decisions easier – where to market, how to market, etc.
Proof that Prices Won’t Fall? The New-Home Market
There’s not enough supply (homes) to meet demand, with little relief in sight. The U.S. needs about 3M more homes, and it will take years for builders to catch up.
New-Home Market Was Broken Before Pandemic
Builders once kept up with demand, but Great Recession cutbacks and worker losses created major problems exacerbated by new pandemic-created challenges.