Buyers Skittish? For Many, It’s Just Market Weirdness
Rising prices and mortgage rates deter homebuyers, but for many, the rapid changes are simply disconcerting. It makes them wonder what will happen next.
Climate Change: Younger Owners Worry Most
Company focused on technology for insurance says more homeowners have long-term worries about climate change, with 3 in 4 (72%) of young adults most concerned.
Essential Safety Tips for Real Estate Agents
Agents constantly meet up with strangers, aka “possible clients.” The job comes with a certain amount of risk, and agents should constantly consider their own safety.
Fed May Raise Interest Rates for ‘Some Time’
Fed Chair Jerome Powell said Americans should expect more large interest-rate hikes in the coming months, one of the “unfortunate costs of reducing inflation.”
How Honest Are Sellers on Property Disclosures?
Buyers may want to think twice about nixing the inspection contingency. A study found that 94% of sellers admitted that they didn’t disclose a known issue.
Another Property Insurer Exiting Fla. Home Market
Fla. homeowners who have coverage with St. Petersburg-based United Property & Casualty Insurance Co. must soon find a new provider.
Gov. Ron DeSantis Joins Realtor Party Town Hall
The governor addressed over 700 Realtors during Florida Realtors Convention & Trade Expo and received Florida Realtors PAC’s endorsement for his re-election.
Mortgage Rates Head Higher Again, Hit 5.55%
The rate for a 30-year, fixed-rate mortgage rose almost half a percentage point (0.42%) this week after hovering just above 5% for a while.
Home Prices Dipped – Will They Now Plummet?
In some locations, prices will likely flatten or perhaps dip as much as 5% – but even with a slight drop in July, home prices were still up 10.8% year-to-year.
New Housing Won’t Arrive Anytime Soon
Many areas need more housing units to fill a shortage, but the new-home industry is slowing for a variety of reasons, such as higher mortgage rates and wary buyers.