60% of RE Experts Say ‘It’s Not a Bubble’
Bubbles pop, and even with too-high home prices, “The housing market today is a far different beast than what we saw in the mid-2000s,” says economist Nicole Bachaud.
RE Q&A: What if a Neighbor Does Mean Things?
A homeowner had a falling out with a next-door neighbor, but it didn’t end there. He now has a floodlight directed into his home and sees other irritating behaviors.
More Fla. Buyers Back Out of Contracts in July
About 16.1% U.S. home contracts fell through in July, up from 15% in June and 12.5% a year earlier. Of the top 10 city backout rates, 6 were in Fla., with Jacksonville No. 1.
Fla. Property Insurers Remain Strong for Now
Insurer-rater Demotech didn’t downgrade as many insurers as feared, and some it did downgrade brought scores up. Main fear now: A rough hurricane season.
3 of 5 Central Fla. Agents Say Market Is Cooling
ORRA survey: 74% see a slowdown and 66% think the market peaked. Faced with wary buyers, one agent suggests a refinance later: “Marry the home; date the rate.”
Home Prices Still Soaring in Undervalued Cities
Increases in Miami (up 36.2%) and Honolulu (up 23.5%) reflect remote work trends, but 8 cities with “top 10” price increases are ones with still-affordable housing.
Survey: 60% Saw Rent Increase in Past Year
Homebuyers priced out of the market due to rising interest rates are now competing with current renters when looking for available properties.
Wary of Email Scams? Check Snail Mail Too
In Pennsylvania, scammers claiming late taxes use Dept. of Revenue letterhead, demand accounting records and tell businesses to call a “resolution officer.”
Builder Confidence Now in Negative Territory
NAHB’s monthly survey of builders’ attitudes turned slightly negative this month. It’s the first negative reading since May 2020, the first month of pandemic lockdowns.
Fake Landlord Scams Orlando Renter
Renters are still being scammed by a fake “landlord” that doesn’t actually own property – but problems can get even worse if real landlords don’t find out right away.