Next Rate Hike? Fed to Decide ‘Meeting by Meeting’
Fed Chair Powell emphasized the central bank’s determination to stem inflation and suggested any future increases will be based on the latest inflation numbers.
NAR: National Home Sales Drop 3.4% in May
It’s the 4th month in a row for slowing sales, a drop of 3.4% month-to-month and 8.6% year-to-year – but U.S. is mostly down to 2019 levels after two gangbuster years.
Consumer Ad Campaign Focus: ‘Only a Realtor’
A drive to help build awareness of the Realtor brand led Broward, Palm Beaches & St. Lucie Realtors to create “Only a Realtor” ads, videos and social media campaigns.
Hot Housing Market Keeps Foreclosures at Bay
Homeowners who have hit hard times face foreclosure, but most now also have lots of equity and they’re selling rather than going into foreclosure.
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.”