A last-minute compromise is still possible, but it appears more and more likely that government services will slow or stop starting Sunday, Oct. 1. WASHINGTON – U.S. lawmakers warned that a government shutdown is increasingly certain as hopes dwindle of a last ditch compromise to resolve a budgetary stand-off in the world’s largest economy. Speaking … Read more
It’s a good time to be a large investor renting out single-family homes, but it’s hard to expand. They face the same problem homebuyers do: Low inventory. NEW YORK – High borrowing costs and a shortage of properties for sale have slowed home buying by “mega-landlords,” limiting their ability to grow at the same time … Read more
The nation’s consumer bureau took a first step to erase medical debt from credit reports and lending decisions because that type of debt “has little predictive value.” WASHINGTON – The Consumer Financial Protection Bureau (CFPB) – the national agency focused on consumer issues – began a rulemaking process to remove medical bills from Americans’ credit … Read more
Any home can have mold, but it’s a notable problem after storms like Hurricane Idalia. The EPA says mold can sometimes be present but unseen. Start with a smell test. MARSHALL, Texas – Hurricanes and other severe storms, a humid climate, leaky pipes or continuous rain can make homes susceptible to flooding and mold. According … Read more
Organic leads are great – if you get them. Cost is always a consideration, but paid leads can be ideal for newbie agents who want to hit the ground running. CHICAGO – Purchasing leads, even on a temporary basis, may be beneficial for real estate companies, according to Iron Valley Real Estate. Organic lead generation … Read more
WASHINGTON – The federal government has experienced 14 shutdowns since 1980. If Congress fails to pass a full-year spending bill or a stopgap “continuing resolution” (CR) to keep the government open, there could be another shutdown on Oct. 1. But what does this mean, and how does it impact everyday Americans and the economy? What … Read more
Another large brokerage settled a lawsuit over buyer agents’ commissions, but NAR will continue the fight for “pro-competitive local MLS broker marketplaces.” CHICAGO – A second defendant in the two class-action lawsuits challenging real estate compensation fees reportedly has reached a settlement with the plaintiffs. RE/MAX, one of several large brokerages named in the suits, … Read more
An apartment building was converted to condos decades ago, and a recently discovered problem arose: Some electrical connections serve two different owners. What now? FORT LAUDERDALE, Fla. – Question: I live in an apartment building that was converted to condominiums decades ago. Given the age of the building, many unit owners are doing extensive upgrades. … Read more
Single-family median price up 2% ($415K) YOY, condo median price up 6.2% ($324K). Chief Economist O’Connor: Mortgage interest rates continue to be “dominant factor.” ORLANDO, Fla. – Florida’s housing market in August reflected similar trends as the past few months – statewide median sales prices rose year-over-year while sales slowed, according to Florida Realtors®’ latest … Read more
About 300K Fla. homeowners with Citizens – Fla.’s “insurer of last resort” – will receive a letter that automatically transfers them to a private insurer if they don’t respond. MIAMI – A warning to Floridians with Citizens Property Insurance coverage: Check your mailbox. About 300,000 customers of the state-run insurer of last resort are receiving … Read more
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