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.
Square Footage: Questions, Irregularities, Confusion
As of April 1, Fannie Mae-backed loans use the ANSI standard for measuring square footage. While it makes the measuring consistent, it also creates confusion.
High Mortgage Rates? Not Historically Speaking
In the 2010s, mortgage rates averaged only 4.08% – but today’s rates are still a bargain compared to the 1970s (9.03%), the 1980s (12.7%) and the 2000s (6.29%).
Core Strategies to Build a Thriving Business
With geographical farming, an agent defines a specific area for intense marketing – but success requires more than randomly picking an area off the map.
Use a Reverse Mortgage to Pay for Long-Term Care?
A reverse mortgage allows older adults to tap into home equity yet still live in the home. For unexpected health care expenses, it might be a good idea – or maybe not.
Number of Buyers Backing Off? Maybe Half
If rising costs didn’t deter hopeful home buyers, rising mortgage rates might. Realtor survey estimate: About 50% of buyers paused plans at least temporarily.
Fair Housing: DOJ Says Fla. Biz Targeted Hispanics
Officials allege the groups used Spanish ads to falsely promise they’d cut mortgage payments in half – but homeowners shouldn’t pay mortgages or talk to their lenders.