Debby Insured Losses Inch Up

​ News & Media Links to /about/charities/disaster-relief-fund Realtors helping others in times of need is what this charity is all about. Learn how to give and receive. TALLAHASSEE, Fla. – Estimated insured losses from Hurricane Debby increased to $121.5 million as of Friday, up from $119.5 million two weeks earlier, according to data posted on […]

Helping Your Adult Children Become Homeowners

​ NEW YORK – High mortgage rates, inflation and a super-pricey housing market have dashed the dreams of scores of potential first-time homebuyers – all of which has made many parents wonder what they can do to help. If you want to help a child get into the housing market, there are options with the […]

Real Estate Wire Fraud: Verify Before Paying

​ NEW YORK – Tim Myers was about to close on a home in Fort Wayne, Indiana, when the email he’d been expecting popped into his inbox. His mortgage loan officer sent wire instructions for his down payment, along with a request to send the money in the next few hours. Myers and his wife […]

Fannie Mae: Mortgage Rate Optimism Spikes

​ WASHINGTON – Consumers reported significantly greater optimism about the future direction of mortgage rates despite showing little change in overall homebuying sentiment, according to Fannie Mae Home’s Purchase Sentiment Index, which increased 0.6 points in August to 72.1, In August, a survey-high 39% of consumers said they expect mortgage rates to decline in the […]

Prequalified vs. Preapproved: Key Differences

​ NEW YORK — When it comes to buying a home, the terms “prequalified” and “preapproved” are often used interchangeably, but they’re not the same. Getting prequalified for a mortgage is an informal first step that’s meant to give potential homebuyers a rough idea of what they can afford. It can typically be done over […]

Kitchen Reno: Tips and Expectations

​ News & Media NEW YORK — A 2022 U.S. Houzz & Home Study found kitchens to be the most common interior room to upgrade. Here are a few tips for homeowners: Expect to spend money. Most home improvement projects require a significant financial investment, but kitchen renovations are among the more expensive undertakings. The […]

FTC Seeks to Ban Fake Reviews

​ NEW YORK – Online reviews and testimonials are a key way that small businesses can attract new customers and boost sales of products. But fake reviews and testimonials have been a persistent problem for small businesses, many of whom rely on recommendations for business. Fake reviews can make it harder for people to trust […]

Florida Firms Build Affordable Housing for Workers

​ News & Media TAMPA, Fla. – Hillsborough County provisionally approved $2 million, spread over the next four years, for Tampa General Hospital’s proposed $60 million apartment complex that once finished will offer its workers affordable housing with rents below market rate. A 160-unit apartment block on Delaney Creek Boulevard in Brandon will be classified […]

Best Florida Cities to Retire

​ MIAMI – With such celebrity residents as Oprah Winfrey, Jennifer Lopez and Jeff Bezos, the Sunshine is already a major magnet for the rich and famous. A recent study reveals retirees are also flocking to Florida, with four cities across the state snagging spots among the nation’s top five best places to retire. To […]

Florida Realtors Introduces New Contract Riders

​ News & Media By Amy Connolly ORLANDO, Fla. – Florida Realtors® released two new residential contract riders on Monday to help Realtors and customers more effectively navigate buyer’s broker compensation and provide greater transparency in the homebuying process. Both riders are now available for download in Form Simplicity (login required). Credit Related to Buyer’s […]

2024 Multifamily/Commercial Lending to Rise 26%

​ News & Media WASHINGTON – Total commercial and multifamily mortgage borrowing and lending is expected to finish the year at $539 billion in 2024, which is a 26% increase from 2023’s total of $429 billion, the Mortgage Bankers Association (MBA) said. Multifamily lending alone (which is included in the total figures) is expected to […]

How Real Estate Agents Are Using AI Right Now

​ News & Media NEW YORK – More real estate agents are using artificial intelligence (AI) to streamline processes and save time, but using AI carefully is essential. AI can make writing engaging property descriptions and housing market summaries easier by using demographic data and buyer preferences that help highlight key features. It can also […]