Last week, a 30-year, fixed-rate loan averaged 7.19%; a year ago, it was 6.70%. The last time rates were this high was in 2000 when home values weren’t going up. LOS ANGELES (AP) – Home loan borrowing costs climbed again this week, pushing the average long-term U.S. mortgage rate to its highest level in nearly … Read more
WASHINGTON – With a government shutdown as few as two days away, the Biden administration has started to ration federal disaster aid, delaying the delivery of about $2.8 billion in grants so the money is available in the event of a crisis, according to state and federal officials and budget documents obtained by The Washington … Read more
Tips to improve your “social” skills? RE agents’ profiles should highlight their best content and have a professional headshot, short bio and uniform color scheme. NORWALK, Conn. – Real estate agents should incorporate a number of elements into their social media profile to create a standout presence, especially if they wish to appeal to millennial … Read more
The FAA has specific rules on drones used commercially, and there are additional real estate risks, including accidental damages to drones or property that most business insurance policies won’t cover. ORLANDO, Fla. – Many real estate agents include listing photos and videos taken by a drone – aerial scenes of a home that show nearby … Read more
Dear Shannon: A broker listed a property to include a rental apartment upstairs, figuring the new buyer could get the zoning changed. But it wasn’t zoned for a residential apartment when listed. Should a complaint be filed against the commercial listing broker? ORLANDO, Fla.– Dear Shannon: I’m facing a rather astonishing situation and seeking guidance. … Read more
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
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