TAMARAC, Fla. – A man posed as a dead woman’s grandson to steal her home, moving into her three-bedroom Tamarac residence, with plans to eventually sell it, the Broward Sheriff’s Office says. Braden Emdin, 38, is accused of gaining access to the home, squatting there, and then planning to flip the home for about a … Read more
U.S. households had 8.8% less to spend in 2022 (after taxes) than they did in 2021 due in part to 2021’s pandemic checks and expiring tax credits, such as some for childcare. WASHINGTON – Real median household income after taxes fell 8.8% to $64,240 from 2021 to 2022, according to a report from the U.S. … Read more
Independent businesses aren’t quite as optimistic about the next six months, and many hope to maximize profits now to prepare for any possible downturn. WASHINGTON – The National Federation of Independent Businesses’ (NFIB) Small Business Optimism Index decreased 0.6 of a point in August to 91.3, the 20th consecutive month below the 49-year average of … Read more
Aug. report: Rather than lower monthly rents that remain within $2 of their all-time high, more landlords are offering perks, such as a free month or two. SEATTLE – The median U.S. asking rent in August was $2,052, just $2 below the record high set a year earlier, according to a Redfin report. It’s up … Read more
MIAMI – After storm surge from Hurricane Idalia flooded homes in Tampa Bay and Florida’s Big Bend region, state officials are asking homeowners to tap into a federal program to help pay to elevate homes. “It is one of the best programs that we have in our toolkit,” Division of Emergency Management Director Kevin Guthrie … Read more
It’s almost mandatory to answer a negative review, but it’s almost as important to thank positive reviewers to build an audience and encourage more comments. NEW YORK – It’s important for real estate professionals to respond to all reviews, both positive and negative. The latter give agents a chance to address concerns that may impact … Read more
Agents should think about their focus or niche market, seek their mentors’ advice, consider their marketing budget and set specific, measurable goals. NORWALK, Conn. – Now is the time for real estate agents to update their business plan for the next quarter and the coming year. Questions that agents should ask themselves include, “Have I … Read more
MBA: Home loan applications fell 2.1% last week to the lowest level in 28 years, as low housing inventory and higher mortgage rates sidelined would-be buyers. LOS ANGELES (AP) – U.S. home loan applications are the lowest in decades as evidence mount that rising mortgage rates and home prices are shutting out many aspiring homeowners. … Read more
CONYERS, Ga. – They’re young, they’ve got money, and they’re on the move. A recent analysis by SmartAsset, which examined IRS data from 2021, found that New York and California lost the most residents aged 26 to 35 with annual incomes of at least $200,000. There are likely many reasons these folks are relocating, not the least of which is cheaper living. … Read more
After Idalia, Fitch Ratings warns about long-term effects of property-insurance problems in Fla. and California, citing rising costs and reduced availability. TALLAHASSEE, Fla. – As Florida recovers from Hurricane Idalia, Fitch Ratings this week warned about long-term effects of property-insurance problems in Florida and California. “Rising premiums and reduced availability of homeowners’ property insurance could … Read more
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