It charged a New Orleans landlord with familial status discrimination. She avoided kids by worrying “they might run into the parking lot because there’s no backyard.” WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) charged N. Clark, LLC and Kathleen Cresson, owner and manager of a multi-family rental home in New Orleans, … Read more
In 2023, 1 out of 134 mortgage applications contained fraud, though it’s 1 in 28 for two-to-four unit properties. But Fla. and New York remain top states for the crime. NEW YORK – The implementation of more careful loan screening procedures has contributed to lower levels of risk for mortgage fraud. Mortgage application fraud declined … Read more
As artificial intelligence (AI), ChatGPT can “get to know you.” Start off by saying, “Ask me questions to help you better understand me and my business.” ©Florida Realtors® Source link
It starts at the top with strong and involved leaders, but technology is also important, notably the tools that help keep everyone on a steady path to success. NEW YORK – Mosaik CEO Sheila Reddy offers a game plan to help real estate companies’ teams realize success through technology. “One of the most common attributes … Read more
Skittish investors keep nudging mortgage rates higher. Last week, a 30-year, fixed-rate mortgage averaged 7.31%; a year ago, it was 6.66%. LOS ANGELES (AP) – The cost of financing a home surged again this week as the average long-term U.S. mortgage rate climbed to its highest level since December 2000, further dimming the affordability outlook … Read more
The office market – challenged by inflation, more natural disasters and a drop in lease income – also faces insurance costs that have risen 7.6% each year since 2017. NEW YORK – Moody’s Analytics reports that commercial real estate insurance costs rose 7.6% annually, on average, since 2017. The rising cost of insurance piles onto … Read more
Buyers complain about too-few sellers selling – but some homeowners want to move and feel frustrated that an ultra-low mortgage rate has locked them in. BOSTON – One out of every 5 homeowners who moved within the last three years now regret their decision. Many Americans relocated either permanently or temporarily because of the COVID-19 … Read more
161 businesses in 25 Fla. counties hurt by Hurricane Idalia have received Fla. bridge loans as they await insurance or other help. Deadline to apply: Oct. 25. TALLAHASSEE, Fla. – Gov. Ron DeSantis says more than $6.4 million has been approved through the Florida Small Business Emergency Bridge Loan Program to small businesses impacted by … Read more
Impacted homes with more than 50% damage (home value only) must rebuild, and in some areas, one owner may just make repairs while a next-door neighbor must rebuild. TAMPA, Fla. (WFLA) –Between the flooding and the cleanup, Hurricane Idalia survivors have faced many hurdles. Now, a federal regulation, FEMA’s so-called “50% rule,” might cost them … Read more
The government continues routine operations, but a shutdown threat could occur again as Nov. 17 looms – but storm victims were also handed a lifeline. WASHINGTON (AP) – The threat of a federal government shutdown suddenly lifted late Saturday as President Joe Biden signed a temporary funding bill to keep agencies open with little time … Read more
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