NEW YORK – Wells Fargo & Co. confirmed Tuesday it is shrinking the size of its home-lending serving business as part of retrenching what had been the nation’s largest mortgage provider. Bloomberg News reported in an Aug. 14 article that Wells Fargo was pulling back from providing funds for mortgage loans made by third-party lenders, … Read more
A Manalapan home sold for $173M in June – possibly the largest deal ever closed in Fla. – and a Coconut Grove sale brought in over $106M. ©Florida Realtors® Source link
A condo HOA director received a demand letter for pre-suit mediation over parking but never received a warning or violation letter first. Is this legal? WEST PALM BEACH, Fla. – Question: I am a director of my HOA and firmly believe that I am being harassed by the president, who clearly dislikes me and my … Read more
New HUD process will allow FHA borrowers to request a second appraisal if they suspect their first appraisal was skewed due to an appraiser’s racial bias. WASHINGTON, Fla. – Housing and Urban Development (HUD) Secretary Marcia L. Fudge announced that HUD, through the Federal Housing Administration (FHA), is creating a process that people seeking FHA … Read more
While a recession remains on the table for 2023, easing inflation numbers increase the chance of a “soft landing” and future Fed rate increases in the quarter-point range. WASHINGTON (AP) – Rising U.S. consumer prices moderated again last month, bolstering hopes that inflation’s grip on the economy will continue to ease this year and possibly … Read more
A year-to-year comparison of rate increases finds the smallest jump in over a year. Rents rose less than that in 3 Fla. metros and were down 0.8% in Jacksonville. SEATTLE – The median U.S. asking rent rose 4.8% year-over-year to $1,979 in December – the smallest increase since July 2021, according to a report from … Read more
Want to prepare for this year? On Jan. 19, virtually and in-person, top economists like Florida Realtors Chief Economist Dr. Brad O’Connor will share insights for 2023. ORLANDO, Fla. – Real estate drives Florida’s economy, and having a look into what may lie ahead in a still uncertain 2023 is key for policymakers, residents and … Read more
Bernice Ross says an agent’s job description is short: “Generate leads, convert leads, close transactions” – and a lot can be discovered before an interview. NEW YORK – Bernice Ross, president and CEO of BrokerageUP and RealEstateCoach.com, offered advice in a recent column for vetting top agent talent. Ross emphasizes steps a broker should take … Read more
Facebook, Instagram, TikTok, Twitter: Agents can spend hours on social media, but often one or two platforms work best to create a balance for time spent securing leads. NEW YORK – Which social media platform should an agent use to expand their business? To choose the best platform, real estate agents should consider factors like comfort … Read more
From Feb. 24 to Dec. 12, Ukrainians sold 52,605 different properties – 4.6 times less than the same period in 2021 (242,893). KYIV, Ukraine – Since the beginning of the great war, Ukrainian real estate market has undergone dramatic changes. During the period from February 24 to December 12, Ukrainians sold 52,605 different properties. This … Read more
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