Small Town Fined $5M Over Group Home Issue
A judge ruled that a “Fair Housing Center” home for six individuals faced discrimination, and ordered the town of Cromwell, Connecticut, to pay $5M.
Brokerages: Getting Attention for the Wrong Reasons?
Agents need to tell customers about the benefits their brokerage brings to the table, but even some brokers don’t recognize their own strengths.
Housing Shortage Isn’t Just a Coastal Crisis
The U.S. needs about 3.8 million housing units to keep up with household growth, a crisis with multiple causes, some of which go back to the Great Recession.
Large Fla. Property Insurer Weighing ‘Options’
The parent firm of United Property & Casualty, which insures 185K Fla. homeowners, is reviewing “strategic and capital raising alternatives” that may include a sale.
Hurricane Mitigation Efforts Worth More than You Think
Stronger construction can minimize damage from strong winds, but an MIT study found that many valuations underestimate mitigation’s benefits by as much as 80%.
More Sellers Drop Price as Market Cools
In No. 1 Boise, Idaho, 2 out of 3 sellers (61.5%) dropped their asking price in June. In No. 9 Tampa, a Redfin study found 44.5% of sellers lowered their price.
NAR: Expect Mortgage Rates to Go Higher
NAR’s chief economist says inflation is rising faster than expected, and the “Fed may be forced to raise interest rates even more aggressively than planned.”
Florida Realtors PAC Endorses Primary Candidates
Which candidates running in Fla.’s primary support the real estate industry? Florida Realtors PAC looks at various factors, including voting records on real estate issues.
Possible Market Slowdown? Make the Most of It
If a market slows, buyer momentum often slows with it. As a result, agents should think of ways to keep prospective buyers excited about the process.
Mortgage Rates Rising Again, Hit 5.51%
After a few declining weeks, the average rate for a 30-year, fixed-rate loan rose higher after inflation numbers remained high despite recent Fed interest rate increases.