Tag: real estate news

New-Home Sales Drop 10.9% in Sept.

Rising mortgage rates approaching 7% along with declining builder sentiment stemming from stubbornly high construction costs and weakening consumer demand pushed new-home sales down at a double-digit rate in September. Following a brief uptick in August, sales of newly built, single-family homes in September fell 10.9% to a 603,000 seasonally adjusted annual rate, according to…
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Mortgage Rates Move Up, Hit 6.92% This Week

Average long-term U.S. mortgage rates reached their highest level in more than two decades this week and are likely to climb further as the Federal Reserve has all but promised more rate increases in its battle to tamp down persistent inflation. Mortgage buyer Freddie Mac reported Thursday that the average on the key 30-year rate…
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FEMA Approves $150M+ For Fla. Households

Within 10 days following a major disaster declaration for Hurricane Ian, the Federal Emergency Management Agency (FEMA) says it approved $150 million in grant money, which has since risen to $168 million in recovery grants for over 101,705 households. In addition, 20 counties are now eligible for individual assistance after FEMA approved the addition of…
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Home Prices After Ian? Probably Going Up

FORT MYERS, Fla. – A price spike is expected for Florida real estate spared the wrath of Hurricane Ian. Multiple studies show property values in storm-ravaged regions have historically risen past the national average following a disaster. Veros Real Estate Solutions estimated that property prices topped the national average by 7% in five metropolitan areas…
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Waiver Can Speed Flood Relief to Homeowners

TALLAHASSEE, Fla. – The Federal Emergency Management Agency (FEMA) authorized the National Flood Insurance Program (NFIP) to approve a waiver that will allow flood-insurance policyholders to access a portion of their claims without going through the full claims process. The change is based on a request submitted by Gov. Ron DeSantis and Florida Chief Financial…
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Fla. Insurers Can’t Drop Policies Until Nov. 28

TALLAHASSEE, Fla. – Insurance Commissioner David Altmaier on Wednesday issued an emergency order that temporarily prevents property insurers from dropping customers in the aftermath of Hurricane Ian. The order will suspend cancellations or non-renewals of policies for two months. “Between Sept. 28, 2022, and Nov. 28, 2022, no insurer or other entity regulated under the…
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Real Estate ‘Reset’ Confuses Buyers and Sellers

The Federal Reserve’s interest rate hikes may be intended to give the housing industry a “reset,” as chair Jerome Powell wanted, but it also may have further confused homebuyers and sellers on what to do next. Average 30-year fixed mortgage interest rates have spiked from 3.2% to 6.38% over the past six months, tightening supply…
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¿Qué hacer si un hispano fallece y ha invertido en bienes en EEUU?

Según la National Association of Realtors (NAR), los países latinoamericanos (Colombia, Argentina, Brasil, México y Venezuela) fueron los de más participación de compras de bienes raíces en EEUU por parte de ciudadanos extranjeros en el 2021. Para hacer este tipo de negocios, es muy importante tener en cuenta distintos aspectos jurídicos, para que el activo…
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¿Qué hacer si un colombiano fallece y ha invertido en bienes en EE. UU.?

Con el cambio político y la actual situación del país, cada vez más colombianos invierten o quieren invertir en Estados Unidos y aprovechar, entre otras cosas, factores como la disparada del dólar o la creciente demanda de activos refugio en los diferentes mercados estadounidenses. No obstante, en muchas ocasiones se arriesgan sin conocer cómo funciona…
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Tips to Take Your Real Estate Team to Next Level

A growing number of agents are forming real estate teams to secure more deals, share resources, and potentially earn more commission. Successful teams engage in frequent communications with upper management. For instance, sales and metrics meetings should be conducted as four smaller weekly meetings, during which wins should be recognized to raise morale. Companies should…
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