NEWS
Following a “Call for Action” issued by NAR Fri. night and shared by Florida Realtors Sat., Congress and the president extended government funding to Nov. 17.
While inflation rose 3.5% year-to-year in Aug. – still above the Fed’s 2% goal – it was only up 0.1% month-to-month after backing out higher gas prices.
A diverse group of RE professionals – Asian, Hispanic, LGBTQ+ and women – say they will jointly oppose the “vocal minority” who fight against diversity.
But a new report suggests growth along Fla.’s coast undermines those hard-won building-code gains and fuels the rising cost of windstorm insurance.
Buyers may be able to make rising mortgage rates less onerous by using one or more of these nine tips suggested by RE agents and lenders.
HUD joined seven other agencies, saying that “Title VI of the Civil Rights Act of 1964 prohibits antisemitism, Islamophobia and related forms of discrimination.”
Last week, a 30-year, fixed-rate loan averaged 7.19%; a year ago, it was 6.70%. The last time rates were this high was in 2000 when home values weren’t going up.
Without more funding in a new federal budget, FEMA will ration aid efforts. It still appears likely new flood policies and other RE must-haves expire at midnight Sat.
NAR Chief Economist Yun says “increased housing inventory and better interest rates are essential” for a real estate market rebound.
The “insurer of last resort” lowered its end-of-year policy-count forecast to 1.3M as more private insurers offer coverage. Earlier estimates called for up to 1.7M.
The potential-for-high-growth cannabis industry is held back by banks fearful of making loans to a segment not yet fully legal. But a bill in Congress could change that.
Agents who once enjoyed an edge because they wrote dynamic content must now compete with a robot. How can agents continue to make their writing stand out?
Study: Fla. leaped past New York to be No. 2 in housing values, trailing only Calif. S. Fla. (No. 5) and Tampa (No. 18) made the “top 20 most valuable metros” list.
A continuing resolution (extension) may postpone the Oct. 1 government shutdown – but don’t count on it. See What a Government Shutdown Means for Realtors.