While “shelter costs” make up 25% of the Consumer Price Index, the calculation only looks at rising rents. SMR calls that “a major flaw” and developed its own index.
A short-term rental listing is treated differently than one with annual renters. If a home may be rented for a few weeks between listing and closing, you may want to use the DD. Seasonal and Vacation Rentals After Closing Comprehensive Rider.
It doesn’t make sense to refinance at-risk FHA loans due to higher interest rates, so the latest plan simply offers a reduction and extends the mortgage payoff date.
After the Surfside tragedy, FHFA issued temporary condo-lending rules. Those rules will change, and NAR is part of the discussions – but it can’t legally talk about it.
Florida Realtors: YOY single-family home median price flat at $419.9K, supply at 2.7 months. YOY condo median price up 0.9% to $325K, supply stands at 3.6 months.
The WSJ asked RE agents about any “fear for my life” moments, and a Miami Beach Realtor story included an A/C water leak, bad wood and a near-death experience.
Home prices, however, declined 3.1% year-to-year. Price increases in the Northeast and Midwest regions failed to offset declines in the South and West.
Some passwords are classically bad, like “123456” and “password.” But NordPass put together a list by industry, and some agents may not be as creative as they think.
A nonprofit organization, UnidosUS, wants to help Hispanic families build generational wealth through homeownership. Wells Fargo kicked off a $100M funding effort.
In movies, hopeful business owners make their case before a banker and hope for a loan. But there are more options, such as SBA loans or a line of credit.
