May New Home Sales Post Solid Gain: Up 10.7%
New-home sales made up lost ground after four consecutive monthly declines, perhaps because some buyers rushed to lock in a mortgage before rates went up again.
Vacation-Home Demand Down to Pre-Pandemic Low
Vacation-home buyers have been hurt by economic changes and a new fee, plus higher pandemic-era demand may have resulted in less current demand.
RE Q&A: Revocable Trusts, Aging Parents, New Condos
Older adults are buying a condo in a 55-plus community. Their kids want to know what a revocable trust is – and whether it’s a good idea.
Protect Your Website From Copyright Claims
Realtors who “always do the right thing” may still find themselves legally accused of a copyright violation – often a photo on their website, and sometimes one that was automatically uploaded by their IDX feed.
The Problem with Promises and Handshakes?
A buyer and seller can always agree to change contract terms to get a transaction to closing. However, a handshake agreement generally won’t change the existing contract until it’s in writing and signed.
Code Doesn’t Say What You Think It Says
Dear Shannon: A Realtor won’t work with potential buyers working with another Realtor – “Never have. Never will. It’s unethical.” But is this one of the high standards that the Code of Ethics requires?
Judge OKs $1B+ Deal in Fla. Condo Collapse
A judge gave final approval for the Surfside-condo collapse settlement a day before its June 24 anniversary. Families who lost loved ones will collect the most money.
Praise for Condo Inspection Laws, Fear of Timelines
In two-and-a-half years, Fla. condos should complete inspections. It’s a quick turnaround for a state with 30,000 condo associations, most older than 30 years.
Affordability Crisis: NAR Explains It to Lawmakers
Homeownership builds generational wealth, and NAR laid out potential long-term consequences if lower- and middle-class buyers no longer qualify.
You Need to Tell Vets About VA Loans
Many current and previous armed forces members know little about VA loan benefits: 17% think they need 20% down; half think it’s a once-in-your-lifetime offer.