National flood insurance will undergo a seismic change for homebuyers on Oct. 1, 2021, and for existing homeowners on April 1, 2022. Under “Risk Rating 2.0,” policy rates will be individualized based on a specific home rather than a general blanket rate based on flood zones.
Cast a vote every day this week to help one of our own become the 2021 Web Choice Award winner to be featured in the May/June issue of NAR’s REALTOR Magazine.
Study: Redlined neighborhoods – metro areas once relegated to Blacks or other minorities – are less appealing geographically than nearby white neighborhoods. But Fla. is the exception, where a home’s desirability is often based on proximity to the beach – an obviously high-risk flood area.
Are landlords leaving apartments empty and waiting for the eviction ban to end? They are in New York City, and lawmakers say the drop in supply is causing problems.
Once an established agent has a fair share of local customers, the next step is to advertise their services to the external buyers who are most likely to move in.
Many owners were underwater (owing more than their home’s value) during the Great Recession, in part due to cash-out refis, but it’s not a problem now – at least yet.
There are too many variables to make accurate predictions. How high will mortgage rates go? Will inflation return? Are homes overpriced – will buyers even care if so?
Is it illegal to discriminate based on applicant’s sexual orientation? Yes – but one year ago, the answer could have been yes, no or sometimes.
Fla.’s Insurance Consumer Advocate created a new sharable educational resource to help homeowners identify fraud and avoid becoming a victim.
The Realtor marketing tool that generates reports for buyers and sellers has been completely redesigned based on member feedback, according to NAR.