Experts say the Tampa-area phosphate plant leak poses an ongoing threat. There are about two dozen similar phosphate wastewater reservoirs statewide. ST. PETERSBURG, Fla. – Environmental groups and Florida regulators have settled a lawsuit over the 2021 leak of millions of gallons of polluted water from a phosphate plant reservoir into Tampa Bay, which triggered … Read more
As the industry closes in on changes resulting from the Sitzer-Burnett case, agents are looking for guidance. Brokers should be prepared to help. CHICAGO – Real estate is an evolving industry, and it is natural to have questions about how practice changes may impact you and your business. “While the industry adapts to the practice … Read more
While some practitioners see business challenges as a result of fewer home sales, others see opportunity. View highlights from NAR’s newly released 2024 Member Profile. CHIGAGO – Although existing-home sales last year plunged to their lowest level since 1995, real estate professionals remained committed to their business. Seventy-three percent of Realtors® say they’re “very certain” … Read more
Homebuyers on a $3,000 monthly budget have gained over $20,000 in purchasing power since mortgage rates peaked in the spring, Redfin found. SEATTLE – A homebuyer on a $3,000 monthly budget can afford a $447,750 home with a 6.85% mortgage rate, the daily average as of July 11, according to a new report from the … Read more
The average rate on a 30-year mortgage fell to 6.89% from 6.95% last week. Borrowing costs on 15-year fixed-rate mortgages fell to 6.17%. LOS ANGELES — The average rate on a 30-year mortgage fell slightly this week, a modest relief for home shoppers facing record-high home prices. The rate fell to 6.89% from 6.95% last … Read more
Mauricio Umansky, founder and CEO of the real estate agency The Agency in Los Angeles, said customer engagement is not a one-and-done proposition. NEW YORK – To truly connect online with an audience, real-estate professionals need to be authentically themselves, Mauricio Umansky, founder and CEO of the real estate agency The Agency in Los Angeles, … Read more
Hurricane experts added two named storms and a major hurricane to the already-busy hurricane outlook, citing warm sea surface temperatures. TALLAHASSEE — A day after deadly Hurricane Beryl pounded Texas, experts at Colorado State University on Tuesday increased their storm forecast for what was already expected to be an above-average hurricane season. The university’s Department … Read more
Buyers shouldn’t wait for mortgage rates to drop dramatically this year, experts say. Rather, they can benefit from the wider selection of homes on the market. LOS ANGELES – The housing market shows few signs of busting out of its three-year funk after a disappointing spring season and amid a gloomy outlook for the summer … Read more
HUD added more language translations for 19 different single-family mortgage documents, expanding the 40 previously published translated mortgage documents. WASHINGTON – The U.S. Department of Housing and Urban Development said Wednesday it is making 19 single-family mortgage documents available in Chinese, Korean, Spanish, Tagalog and Vietnamese languages. The new translations will be added to … Read more
The new rule, which started July 1, extends overtime pay to some salaried workers. Small businesses may feel the brunt of the impact at first, experts say WASHINGTON – A new regulation established by the U.S. Department of Labor will restore and extend the right to overtime pay to many salaried workers, the department announced. … Read more
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