Some cities expect commercial buildings to reduce emissions or pay a tax, but both options create extra stress on pandemic-harmed structures, such as office buildings. NEW YORK – Cities are toughening their climate standards and beginning to tax buildings that don’t meet the new requirements. That forces landlords to make a difficult choice: Pay for … Read more
NAR: Buyer demand is stronger than it appears as 15%-27% of buyers (by ethnic group) wait for lower home prices and 18%-25% wait for lower mortgage rates. WASHINGTON – The current real estate market’s high home prices and mortgage rates, as well as limited inventory, are the top reasons that Realtors® and prospective homebuyers across … Read more
Residential and commercial property owners have some post-hurricane property tax options, says Citrus County Property Appraiser Cregg Dalton. CITRUS COUNTY, Fla. – If your residential or commercial property was damaged from Hurricane Idalia, there is a property tax law benefit you may be entitled to for relief. Property Appraiser Cregg Dalton said his office is … Read more
Vacation-home buyers face the same headwinds as other buyers, plus pandemic demand ended, and many have return-to-the-office orders, with loan rate locks down 50%. SEATTLE – Vacation homes were hot during the pandemic as workers freed from the office look for places where they could spread out. But that pace may have cannibalized current demand … Read more
TAMARAC, Fla. – A man posed as a dead woman’s grandson to steal her home, moving into her three-bedroom Tamarac residence, with plans to eventually sell it, the Broward Sheriff’s Office says. Braden Emdin, 38, is accused of gaining access to the home, squatting there, and then planning to flip the home for about a … Read more
U.S. households had 8.8% less to spend in 2022 (after taxes) than they did in 2021 due in part to 2021’s pandemic checks and expiring tax credits, such as some for childcare. WASHINGTON – Real median household income after taxes fell 8.8% to $64,240 from 2021 to 2022, according to a report from the U.S. … Read more
Independent businesses aren’t quite as optimistic about the next six months, and many hope to maximize profits now to prepare for any possible downturn. WASHINGTON – The National Federation of Independent Businesses’ (NFIB) Small Business Optimism Index decreased 0.6 of a point in August to 91.3, the 20th consecutive month below the 49-year average of … Read more
Aug. report: Rather than lower monthly rents that remain within $2 of their all-time high, more landlords are offering perks, such as a free month or two. SEATTLE – The median U.S. asking rent in August was $2,052, just $2 below the record high set a year earlier, according to a Redfin report. It’s up … Read more
MIAMI – After storm surge from Hurricane Idalia flooded homes in Tampa Bay and Florida’s Big Bend region, state officials are asking homeowners to tap into a federal program to help pay to elevate homes. “It is one of the best programs that we have in our toolkit,” Division of Emergency Management Director Kevin Guthrie … Read more
It’s almost mandatory to answer a negative review, but it’s almost as important to thank positive reviewers to build an audience and encourage more comments. NEW YORK – It’s important for real estate professionals to respond to all reviews, both positive and negative. The latter give agents a chance to address concerns that may impact … Read more
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