Of those helped, 63K followed Hurricane Ian and 4K Nicole. It comes to $5.2B in grants, disaster loans and flood insurance after Ian and $19.8M after Nicole. WASHINGTON – The Federal Emergency Management Agency (FEMA) reports that it’s awarded grants to 63,000 households affected by Hurricane Ian – money used for rental assistance or basic … Read more
U.S. home prices rose 4% compared to the last quarter of 2022, hitting $378K. But only 18% of metro markets saw double-digit growth in 4Q. In 3Q, it was 46%. WASHINGTON – About nine out of 10 U.S. metro markets registered home price gains in the fourth quarter of 2022 despite mortgage rates eclipsing 7%, … Read more
Foreclosures still don’t have a notable impact on the market, yet Attom’s latest report found Fla. saw a lot of initial filings – but few actually repossessed. TAMPA, Fla. – Real estate data analysis by Attom showed that despite the beginning of a housing market cooldown, foreclosures across the U.S. had increased month-by-month for nearly … Read more
Homeowners still want to spend their home equity. However, high mortgage rates make a refinancing less attractive, so they’re turning to home equity lines of credit. LOS ANGELES (AP) – Homeowners are increasingly tapping their equity, taking advantage of big gains following years of soaring housing prices. Some 333,537 home equity loans were taken out … Read more
In Fla., though, rents outpaced the national average. Jacksonville saw the highest year-to-year change with a 7.5% increase, and a low of 3.5% in Miami and Tampa. SEATTLE – The median U.S. asking rent rose 2.4% year-over-year to $1,942 in January – the smallest increase since May 2021, and the lowest level in nearly a … Read more
Unlike boomers, millennials pay less attention to marketing materials they hold in their hands, like postcards or newspapers. Digital advertising is a better way to go. NEW YORK – Millennials are now the largest U.S. generational group and make up the largest percentage of homebuyers. As a result, marketing to millennials is a no brainer. … Read more
When buyers needed a bidding edge, new companies offered to operate as a cash-offer middleman. But now some are stuck with hundreds of homes. NEW YORK – A handful of young companies known as power buyers created a niche business to help homebuyers gain an edge during the hypercompetitive housing boom. While tactics varied, many … Read more
State-run Citizens’ policies are sold only through insurance agents, but scammers are creating fake websites to target Fla. homeowners seeking coverage. TALLAHASSEE, Fla. – Citizens Property Insurance Corporation sent out a consumer alert to help Florida homeowners avoid scammers. The warning: Be wary of internet schemes by entities masquerading as Citizens “selling” fictitious insurance products … Read more
Expect disruption. AI-powered systems can instantly analyze large amounts of data – property prices, rental rates, market trends – to help predict future real estate values. NEW YORK – Artificial intelligence (AI) is seen as the ultimate disruptor, with companies eager to use it to automate tasks and boost efficiency. John Jack, CEO of Galetti … Read more
When leading a team, social media posts should make members feel seen and appreciated, and show a commitment to people as they build a personal brand. NEW YORK – Real estate team leaders can distinguish themselves on social media by following three actions: Offer members of the team “heartstring” moments that make them feel seen, … Read more
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