Downsizing Dilemmas: Unexpected Delays, Expenses
Older homeowners looking to downsize can help eliminate surprises by getting a realistic picture of what their house might sell for and what smaller homes might cost.
Consumers Expect Inflation to Drop by Next Year
Fed survey: Consumers expect the annual inflation rate to be 5.7% a year from now, beating the 6.2% expectation in July – and they’re more optimistic about the future.
Can Condo Board Hire Firm Without Residents’ Input?
Real Estate Q&A: The condo board hired a firm to remove iguanas from common areas. Can they do that without a vote? Yes, under the “business judgement rule.”
Experts Say Relief from Inflation to Come Slowly
Many agree inflation is still on track to ease some this year and much more in 2023. But factors like rent, food prices, wages and interest rates may affect the pace.
Realtor Groups’ Charitable Giving Up 20% Since 2020
NAR: The median donation was about $12K last year; it was $10K in 2020 and $5K in 2018. 2 out of 3 Realtors (66%) volunteered monthly, spending 8 hours on average.
ARMS Are on the Rise as Interest Rates Soar
Facing higher home prices and rising interest rates, some buyers are now turning to adjustable-rate mortgages to bring down their costs, at least initially.
Tips to Take Your Real Estate Team to Next Level
Successful teams engage in frequent communications with upper management. Agents should be coached on lead generation, conversion strategies and more.
Homebuilding Slowing More in High-Density Areas
NAHB: More single-family and multifamily construction is occurring in lower-density markets, in part because of affordability issues and hybrid work patterns.
Build a Productive Network Without Spending Money
A good first step: Introduce yourself to local business owners, make connections and obtain their contact information or business card. Follow-up with an email, too.
Tropical Storm Fiona May Menace Puerto Rico
Early Thurs., it was moving at 13 mph with max sustained winds of about 50 mph. It’s on a path to threaten the Virgin Islands and Puerto Rico this weekend.