OURFlorida Rental Assistance Halts Applications
The U.S. Treasury-funded program spent over $1.3B, helped 228K residents and closed to applications on May 12 – but some local programs may still offer aid.
Fla.’s May Home Sales: Listings and Prices Up
Florida Realtors: Fla.’s single-family median price up 21.8% to $420K. Condo median price up 28.8% to $322K. Rising interest rates slow sales but new listings up.
What Makes a Brokerage Cohesive? The Culture
The baseline for a strong brokerage begins with training programs, support and systems. But the internal culture acts as the glue that holds people together.
RE Q&A: Is It OK to Self-Insure Our House?
As property insurance grows more expensive, homeowners study other options. If an owner has paid off the mortgage, is self-insurance an option?
RE Q&A: Who Can Serve on HOA Committees?
Also: A condo board may approve/reject leases based on criteria in the Declaration; a background check found a recent arrest for assault and battery. OK to reject?
1 in 4 Sellers Cutting Price as Market Cools
Altos Research: Rising rates and economic shifts have slowed down super-eager buyers as the market shifts to “much more normal conditions.”
U.S. Home Equity Highest on Record – $27.8T
Many homeowners used some of their home equity via a cash-out refinance when rates were dropping. “Tappable equity” rose to $200K per home in 1Q 2022.
Top U.S. Relocation Destinations? Miami and Tampa
Two other Fla. metros – Cape Coral and North Port – are also in the top 10 Redfin report, with New York City and Chicago top feeder markets.
Using LinkedIn for Marketing
In addition to a business LinkedIn page, agents should have a personal LinkedIn page that, in addition to a photo, outlines their skills and experience.
Condo Q&A: Unit Owner Tells Vendors What to Do
In a common problem, one condo-unit owner tries to tell landscapers how do their job, but the association employs them – not that individual owner.