An ARM Saves a Typical Buyer $15K Over 5 Years
In exchange for that savings, however, buyers accept risks. Adjustable rates reset at a future point, and interest rates could be uncomfortably higher when they do.
Client Communication: Start with Video, End with Email
In the beginning, phone and video calls build relationships – but once transactions get serious, email creates a searchable archive of the process.
Beware of Summer Rental Scams
Criminals don’t just post fake home sales or apartment rentals online. They also advertise fake summer rentals. Take safety precautions before making a deposit.
Economy’s Future Unclear, ‘Soft Landing’ Less Likely
The Fed chair had hoped rising interest rates would slow the economy enough to halt inflation – but so far it hasn’t. As a result, bigger rate hikes are expected.
Homeowners Skeptical of iBuyers – But Curious
Survey: 2 of 3 homeowners think they’d make less money using an iBuyer – but they’d consider an iBuyer if it makes home selling faster and easier.
Brokers Adapt to Ever-Changing Market
The pandemic lesson: The market can change quickly. A broker forum looked at impacts on the future: hybrid working, value propositions, profitability and more.
New Laws End Roofer-Advertising Court Fight
A 2021 law limited roofer advertising, but a court injunction blocked enforcement during the trial. Due to just-passed laws, both sides agree the issue is now moot.
‘Dream House’ Search Often Remodels or Teardowns
Buyer frustration has adjusted some goals as more look for homes they can tear down and replace, or ones with “good bones” they can remodel.
Freddie Mac Eases Granny-Flat Mortgage Financing
Granny flats – small apartments added to a home or built in a yard – will be easier to finance since lenders can now consider rental income for mortgage approvals.
Floating Mansion Doesn’t Owe Property Taxes
A mega-houseboat docked on Star Island isn’t a “structure,” according to the Miami-Dade property appraiser, and the county won’t demand property taxes.