Realtor Groups’ Charitable Giving Up 20% Since 2020
NAR: The median donation was about $12K last year; it was $10K in 2020 and $5K in 2018. 2 out of 3 Realtors (66%) volunteered monthly, spending 8 hours on average.
ARMS Are on the Rise as Interest Rates Soar
Facing higher home prices and rising interest rates, some buyers are now turning to adjustable-rate mortgages to bring down their costs, at least initially.
Tips to Take Your Real Estate Team to Next Level
Successful teams engage in frequent communications with upper management. Agents should be coached on lead generation, conversion strategies and more.
Homebuilding Slowing More in High-Density Areas
NAHB: More single-family and multifamily construction is occurring in lower-density markets, in part because of affordability issues and hybrid work patterns.
Build a Productive Network Without Spending Money
A good first step: Introduce yourself to local business owners, make connections and obtain their contact information or business card. Follow-up with an email, too.
Tropical Storm Fiona May Menace Puerto Rico
Early Thurs., it was moving at 13 mph with max sustained winds of about 50 mph. It’s on a path to threaten the Virgin Islands and Puerto Rico this weekend.
Driven by Consumers, Inflation Is More Persistent
Some drivers of higher inflation like rising gas prices, supply chain snarls and higher used-car prices are fading. Yet other measures of inflation are getting worse.
Property Values Are Up. So What About Taxes?
County governments in Fla. should see record jumps in the taxes they’ll collect after the hot–market months of 2021 – those property sales will set 2022 value.
Home Buyout Program OK’d in High-Risk Flood Areas
The voluntary program will allow the city 6o use over $3.9M from the Fla. DEO to buy 21 homes in areas that now flood often after Hurricane Michael in 2018.
Mortgage Rates Hit 6%, First Time Since 2008
Freddie Mac: 30-year rate rose to 6.02% from 5.89% last week – it’s more than doubled since a year ago. Rising interest rates continue to sideline homebuyers.