Since bank wires remain the preferred method of closing escrow on a real estate transaction, the best protection is to be overly cautious. MIAMI – Question: I am buying a house and have been warned about the various scams, especially those involving wires. I spoke with the closing agent, and they will not accept a … Read more
Success in the luxury market isn’t just about confidence and who you know. The best agents understand the market and the industry. NEW YORK – Real estate professionals have their own networking and lead generation strategies, but most believe that they can “will” their luxury market success into being – whether that means following up … Read more
One of the keys to buying a house from a distance is having a trusted agent who understands the buyer’s needs and can offer guidance along the way. NEW YORK – Prospective home buyers are widening their home search areas to find new places to live. The National Association of Realtors® (NAR) says the median … Read more
MIAMI — South Florida saw the highest number of condominiums selling out to developers since the pandemic. More buyouts are in the pipeline, raising questions about the future of South Florida’s skyline. Miami-Dade and Broward saw 18 condo buyouts last year, the highest number since 2019 when both counties had a total of 23 buyouts, … Read more
With improving housing inventory, the Relitix Agent Movement Index rose in Jan., a trend that indicates real estate agents appear more confident about changing firms. LAKE GENEVA, Wis. – The Relitix’s Agent Movement Index shows that real estate agents are switching brokerages at a faster rate than in 2024 after staying put when housing inventory … Read more
While easing, for-sale inventory remains tight in Florida and across the U.S. Buyers have to stay persistent and manage frustration levels during their home search. MERIDEN, Conn. – Ben Borecki and Raleighe Orszulak-Borecki, both 29, searched for about a year to find their perfect home. They visited over 20 houses and bid on five. Finally, the … Read more
MIAMI – With the cost of homes out of reach for many families, developers in South Florida are now adding annexes to new construction, allowing relatives to live under the same roof. The extra space comes with a room or two and its own kitchen, much like those in-law quarters added to older homes. The built-in apartments … Read more
NEW YORK – In back-to-back months, Mr. Cooper and LoanDepot — two of the nation’s largest mortgage lenders — made headlines for experiencing cyberattacks that exposed the data of more than 30 million people combined. Mortgage lenders haven’t been the only recent targets. Title insurance companies Fidelity National Financial and First American Financial each experienced … Read more
Need an assistant to help with daily tasks or booking vacations? OpenAI’s ChatGPT might be the answer in the future. NEW YORK – Now that ChatGPT has had a go at composing poetry, writing emails and coding apps, it’s turning its attention to more complex tasks and real-world applications, according to a new report – … Read more
Real estate fraud costs, on average, $70K per incident, a recent study found. Better education is needed, particularly for those age 65 and older. AUSTIN, Texas – Unsuspecting home buyers and sellers are increasingly becoming the target of real estate fraud schemes, with consumer losses exceeding $70,000 per incident due to stolen buyer down payments … Read more
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