Buying investment rental property? It can be lucrative, but a survey of landlords identified challenges, with repairs/maintenance and tenant screening topping the list. NEW YORK – Peak rental season is approaching, and a new set of landlords could be entering the market. Zillow economists predicted that 2023 would bring a surge in first-time landlords after … Read more
Interest rates remain unchanged after a Fed meeting – the first pause after 10 straight increases. But “may raise rates twice more this year” came as a surprise. WASHINGTON (AP) – The Federal Reserve kept its key interest rate unchanged Wednesday after having raised it 10 straight times to combat high inflation. But in a … Read more
Prices rose just 0.1% from April to May; and year-to-year, it was up only 4% increase compared to 4.9% one month earlier. Gas and lower grocery price hikes helped. WASHINGTON (AP) – Consumer prices in the United States cooled last month, rising just 0.1% from April to May and extending the past year’s steady easing … Read more
Census data shows the last decade’s most active development is in the Sun Belt. Texas holds top spots with Jacksonville (7), Orlando (11) and Tampa (15) close behind. ORLANDO, Fla. – A study of real estate development based on U.S. Census Bureau data covering the last decade finds Texas cities in the top five spots, … Read more
Buyers can now describe their dream home to a computer. You won’t be replaced by AI, says one broker, you’ll be replaced by people who use AI better than you. LAS VEGAS – Artificial intelligence (AI) will play a bigger role in helping consumers buy and sell homes, as it moves from behind the scenes … Read more
ATLANTA – Makeisha Robey grew up in a three-bedroom house and always wanted to provide the same for her children. But on a preschool teacher’s salary in Atlanta, that dream was out of reach. Her family moved from rental to rental as costs continued to rise. That changed after Robey learned about the Atlanta Land … Read more
It’s not just about good content that entices customers to return. It’s also about appearing higher in search engine results and boosting an agent’s online presence. NEW YORK – Most real estate professionals don’t create video content – and that gives those who do a key advantage. A strong online presence is critical for achieving … Read more
Citizens Ins. requested 12% rate hikes in a 2.5-hour meeting with Fla.’s Office of Insurance Regulation. Final OIR decisions usually aren’t issued for a few weeks. TALLAHASSEE, Fla. – With the state-backed Citizens Property Insurance Corp. continuing to see massive growth, regulators Thursday took up a proposal that would lead to double-digit rate increases for … Read more
HUD says an outsized portion of homeless youth (40%) are LGBTQI+ , and it plans to address that group’s barriers to housing and shelter during Pride Month. WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) launched a new LGBTQI+ Youth Homelessness Initiative that will partner with local communities, service providers, and directly-affected … Read more
A two-woman team lied about vacant land they offered for sale and disappeared after victims wired a down payment. The online scam claimed more than 40 victims. TALLAHASSEE, Fla. – One of two women accused of a crime that scammed Florida land investors will be serving jail time, according to Florida Attorney General Ashley Moody. … Read more
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