Contingencies Coming Back? Market Is Shifting
Buyers have removed contingencies in order to woo buyers. If you’re seeing those returning, it suggests that your market doesn’t favor sellers quite as much.
Buyers Asking About a Home that Already Sold?
What do you tell them? It’s an opportunity to start a conversation and build value if the caller doesn’t have an agent but tell them the home’s “sold” status upfront.
Economy: Inflation Hit 40-Year High in June
At 9.1%, June inflation hit a rise not seen since 1981. On the plus side, recession fears appear unwarranted for now as other numbers remained surprisingly robust.
57% of Realtors Say Low Inventory Blocked Deals
NAR’s 2022 Member Survey: Realtor membership grew 5.4% to 1.56M. The typical Realtor had sales volume of $2.6M and 12 transactions – a year-to-year increase.
Fla. Moving Costs Rise 11% in One Year
The average cost to move a U.S. household rose 15% year-to-year, and 51% in top-cost Maine. But moving costs fell in 5 states, including 5% in New Mexico.
Should Fla.’s Last-Resort Insurer Cover $1M Homes?
As Fla. home values soar, calls grow to increase state-owned Citizens Insurance eligibility cap to $1 million statewide rather than in just two counties.
If HOA Owns the Roads, Who Stops Speeders?
Q&A: Also: If someone owns multiple condos but rents all of them out to tenants, can they still use community amenities, such as tennis courts and the pool?
Credit-Repair Firm Saw Lying as a Business Tool
Rose Credit Repair in Texas promised to quickly boost client’s credit scores – and it did so, but by illegal means, including 133 fake police reports.
Real Estate Investing: 8 Things to Avoid
Real estate often make a great investment but investors expect a return on that investment. Seemingly attractive investments can sometimes have problems.
Here’s Where Florida’s Rental Markets Rank
Miami charges the seventh-highest average rent in the nation and is No. 1 in Fla. at $2,846. Jacksonville is Fla.’s least expensive with rent averaging $1,748.