NAR calls rent caps “putting a Band-Aid on a bleeding artery.” The increase cap could impact about 1 in 4 U.S. units that have Fannie Mae/Freddie Mac-backed mortgages. WASHINGTON – A coalition of 17 senators sent a letter to the Federal Housing Finance Agency (FHFA) on Monday requesting a way to limit rental increases in … Read more
A do-it-yourself home-improvement project reaps rewards at the time of sale, providing it’s done right. Many DIY projects require pros, but some can be handled in-house. NEW YORK – Improving the value of a residential property is an ongoing project, and for many homeowners, this means sharpening up their DIY (do it yourself) skills, especially … Read more
Contrary to national numbers in July, Fla. sentiment fell 2.1 points as residents worried about the U.S. economy and planned to cut back on spending. GAINESVILLE, Fla. – July consumer sentiment among Floridians dropped 2.1 points to 66.8, a drop from a revised figure of 68.9 in June, according to the University of Florida’s monthly … Read more
Robert Matthews will serve 65 months for scamming more than 60 foreign investors between 2012 and 2018, convincing each to invest at least $500K in his projects. BRIDGEPORT, Conn. (AP) – A one-time millionaire real estate developer with past ties to corrupt Connecticut politicians was sentenced to more than five years in prison on Monday … Read more
A Realtor completed a professional apartment-building property appraisal on behalf of the seller, and the valuation was used to negotiate a final price with the buyer. But the seller later filed an ethics complaint because the Realtor managed the buyer’s properties. Is it an ethics violation? ORLANDO, Fla. – Dear Shannon: I’m a long-time Realtor … Read more
“We all get along great” isn’t much help if there’s a disagreement about guests, repairs or maintenance. A lawyer can pre-solve problems before issues arise. NEW YORK – Homebuyers purchasing vacation homes with family or friends face unknown risks, such as disputes about guests, repairs and maintenance. It can unravel the arrangement and even lead … Read more
Nationally it’s 13%, but in Fort Lauderdale it’s 28% – the highest in the U.S. In Miami, a first-time buyer needs to earn 25% more than they did a year ago. SEATTLE – A first-time homebuyer must earn roughly $64,500 per year to afford the typical U.S. “starter” home, up 13% ($7,200) from June a … Read more
Agents work hard to set themselves apart from the crowd, and an easy-to-recognize brand uses logos, colors, graphics and styles across all marketing platforms. NEW YORK – Real estate brands can stand out through a strong, well-designed visual identity. Visual identity is an inclusive look for your brand that extends to all produce. It includes … Read more
More economists now think the U.S. will avoid a recession, in part because the downturn affects high-earning workers more and it isn’t affecting all industries. ©Florida Realtors® Source link
$85M in funding for HUD will reduce barriers, such as zoning restrictions, that have “become a hurdle to increasing the supply and density of affordable housing.” WASHINGTON – The White House is taking steps aimed at increasing the supply of affordable housing while also bolstering protections for renters. The housing measures announced Thursday include providing … Read more
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