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.
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.
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.
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.
More consumers are starting to think home price increases have largely topped out – and if they still hope to snag a low interest rate, it’s time to shop for a home.
Investors love foreclosures and short sales. The homes usually need work, which is ideal for flippers who fix and sell. They also tend to be less expensive – ideal for large companies that own thousands of homes to rent out. Buyers hoping for more affordable listings may be disappointed.
In Daytona Beach, home prices are up 9.07% since Dec. In Orlando, they’re up 8.15%. Relocating Northerners have increased the pressure on existing residents.
More consumers are starting to think home price increases have largely topped out – and if they still hope to snag a low interest rate, it’s time to shop for a home.
Florida Realtors: A new effort will offer homeownership opportunities for frontline workers and take the place of the Housing Funds for Housing ballot campaign.
Businesses can’t ignore TikTok’s rapid growth and the popularity of its 60-second videos. For agents, it’s a new way to court potential clients.