South Florida Real Estate

Some hackers gain access to computer systems because an operator made a security mistake – but only regular focused efforts can stop the more sophisticated hackers. CHICAGO – Keep your guard up. As more people work from home, they could be exposing themselves to viruses and other online dangers that might not threaten their physical … Read more

Apartment construction is facing rising interest rates, declining rents and overbuilding in some areas. As a result, 2023 has seen 41% fewer new-project starts. NEW YORK – The number of new apartments starting development has dropped dramatically this year, a consequence of higher interest rates and declining rents, as well as some possible overbuilding in … Read more

WASHINGTON (AP) – The nation’s employers added 336,000 jobs in September, an unexpectedly robust gain and the largest monthly rise since January, evidence that many companies remain confident enough to keep hiring despite high interest rates and a hazy outlook for the economy. Last month’s job growth jumped from a 227,000 increase in August, which … Read more

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