NEW YORK (AP) – When Nat West, owner of cider-making company Reverend Nat’s Hard Cider, decided to supplement his wholesale business by opening a taproom in a bustling neighborhood in Portland, Oregon, he thought getting financing would be a breeze. After all, he was only seeking $50,000, has been in business for 11 years, and … Read more
The famous stockbroker and billionaire says more banks will likely fail this year, but he’s betting $1M that not a single U.S. investor will lose money. NEW YORK – Renowned global stockbroker and billionaire Warren Buffett said there’s a possibility that more United States’ banks could eventually fail, but quickly added a reassuring note that … Read more
A mission to humanize real estate by using robots (AI) sounds like an oxymoron. But a broker uploaded client data and relies on AI to maintain client relationships. NEW YORK – New York City-based Elegran/Forbes Global Properties has evolved from a real estate brokerage representing overseas buyers into a company “more balanced between buyers and … Read more
The declining mortgage-rate streak continued, though the 30-year, fixed-rate drop from last week’s 6.28% to this week’s 6.27% was relatively small. NEW YORK – The average long-term U.S. mortgage rate inched down for the fifth straight week, positive news for potential homebuyers and a real estate market that’s been chilled by the Federal Reserve’s series … Read more
A weather system stalled and dumped 25-plus inches of rain in S. Fla. Realtor-family members can seek help through Florida Realtors Disaster Relief Fund. FORT LAUDERDALE, Fla. – In Florida, “flood insurance” is often considered a safety buffer against hurricane strikes – but a stalled storm system over Fort Lauderdale shows that flood insurance does … Read more
In Feb., inflation was 6%. Gas and food prices moderated, but services – rents, restaurant meals, haircuts, auto insurance, etc. – continue to rise. WASHINGTON (AP) – U.S. consumer inflation eased in March, with less expensive gas and food providing some relief to households that have struggled under the weight of surging prices but likely … Read more
Broadband in Fla.’s semi-rural areas could jumpstart home sales, notably for work-from-home buyers seeking affordability. To date, 64 areas are slated to be connected. TALLAHASSEE, Fla. – Governor Ron DeSantis announced a second round of awards through the Broadband Opportunity Program to expand broadband internet access to more of Florida’s underserved communities. In the latest … Read more
NEW YORK – The Dodd-Frank Wall Street Reform and Consumer Protection Act was signed into law on July 21, 2010. Introduced by Senator Christopher Dodd of Connecticut and Representative Barney Frank of Massachusetts, it sought to reform the financial industry after the Financial Crisis of 2007–2008 and the subsequent Great Recession. What factors led to … Read more
MIAMI – Six years ago, Tanjim Hossain and his wife, Christine Oliver, bought a single-story house on a corner lot dotted by palms in pedestrian-friendly North Miami. They had just sold their first house in Homestead and wanted to move to a more walkable neighborhood closer to their jobs. Since then, they welcomed their son … Read more
When the pandemic hit, vacation sales soared until mortgage rates rose and fewer owners listed their homes. The result: Second-home mortgage-rate locks are down 52%. SEATTLE – Due in part to higher mortgage rates, it’s a difficult time to buy a second home. In March, rate locks for second homes were down 52% compared to … Read more
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