80% of Metros See Double-Digit Price Gains in 2Q
NAR: Median home prices in the second quarter were up 14.2%, but Fla. saw bigger gains: Of the top 10 U.S. metros for home-price increases, Fla. had 7 ranking cities.
Average Cost for a One-Bed Apartment? $1,769
Rent.com: $1,769 is a 39% year-to-year increase. The nationwide average monthly cost for a two-bedroom rental in August is $2,105, a 38% increase year-to-year.
Fla. Woman Sues Equifax Over Loan Costs
From mid-March to early April, credit-scorer Equifax gave faulty info to lenders, and some borrowers may now be paying higher monthly payments than they deserve.
Inflation Slows in July – But It’s Still High
Year-to-year, U.S. prices rose 8.5% in July compared to 9.1% in June. Most of that savings – though not all – resulted from falling gas prices.
HUD Wants to Help Renters Build Assets
Through the “Bridging the Gap” program, HUD hopes to give historically left-out people help to improve their credit, save resources for homeownership and build wealth.
The Simplest Path to a 6-Figure Income?
It’s not this simple, but the core advice? Regularly repeat behaviors that work – and stop doing the things that don’t.
More Listings Gives RE Market Time to Breathe
Buyers, sellers and Realtors feel less pressure as bidding wars decline, listings remain on the market more than a week, and open houses no longer generate waiting lines.
Grants Inspire Real Estate’s Female Leaders
60% of Realtors are women but they hold fewer leadership positions. To change that, the Women’s Council of Realtors offers grants for “new and innovative” programs.
Brokers: Incentivize Teams for Sales Success
Salespeople usually thrive on competition, and rewards for success can include anything from tech tools or marketing help to company-paid vacations.
Growing Share of Listings on Market 30+ Days
The six Fla. metros included in the July report had days-on-the-market averages greater than 30 days, ranging from an average 52.7% of Tampa listings to 72% in Miami.