FHFA: U.S. 2Q Prices Up 17.7% – But Over 26% in Fla.
Of 100 metros tracked by government-backed mortgages, 8 Fla. cities hold top-11 spots, with Sarasota-Bradenton (up 36.5%) and Cape Coral-Fort Myers (36.0%) at the top.
Study: 80% of Buyers Compromise on Priorities
A study of recent homebuyers found 1 in 4 (22%) unsatisfied with the experience: 30% went over budget and 20% bought in a less-desirable neighborhood.
Appeals Court Denies Limit on Short-Term Rentals
New Orleans tried to limit short-term rentals by requiring license holders to live full-time in the lots they rent – but the court said that violates the Constitution.
Who Gets to Decide if We’re In a Recession?
For many people, “recession” just means “slowing economy.” Two negative-growth quarters suggest one, but an obscure group of economists must verify it.
NAR Donates $500K to St. Louis Flood Victims
The Realtors Relief Foundation is donating funds to the Missouri Realtors after flooding in St. Louis and Charles. The money helps victims pay housing expenses.
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.