TALLAHASSEE, Fla. – A month after approving requests by private-market insurers to take over more than 400,000 policies from state-owned Citizens Property Insurance Corp., Florida’s insurance commissioner has approved another 195,035 takeouts from six companies — including the first by the latest insurer OK’d to do business in the state. Trident Reciprocal Exchange, based […]
WASHINGTON — Homebuyers are putting down more money than ever to soften the blow of high mortgage rates, and in some cities, $400,000 down payments are now the norm. The typical down payment for U.S. homebuyers hit a record $67,500 in June, nearly 15% higher than a year earlier, according to a new Redfin […]
NEW YORK – You’re witnessing social media influencers reshape consumer behavior through trust and authenticity. Influencer marketing’s effectiveness is evident as 90% of marketers find it impactful, contributing to projected industry growth to $16.4 billion in 2023. Remarkably, 70% of teens trust influencers over traditional celebrities, indicating a shift in loyalty dynamics. Authentic recommendations […]
Question: I helped my father sell his condo in 2017 and have been storing the paperwork from when he originally purchased it to when he sold it. I want to shred the papers, but I was wondering if I need to hold on to them for a certain length of time. How long should […]
CHICAGO –There are more American households with pets than children, and studies show that home buyers’ furry friends increasingly influence the type of home or remodeling project buyers choose. So, real estate pros need to be tuned in to the needs of their clients’ pets. “Whether selecting pet-friendly materials or incorporating built-in feeding stations […]
News & Media By Joanne Hsu ANN ARBOR, Mich. – The economic outlook over both the short term and long term reached their most favorable levels since April 2024, with a 10% surge in long-run economic expectations that was seen across age and income groups, said University of Michigan economist Joanne Hsu, director of […]
News & Media By Amy Connolly WASHINGTON – The Appraisal Foundation settled with the U.S. Department of Housing and Development over allegations the nonprofit violated the Fair Housing Act by preventing qualified people of color from entering the appraisal profession. HUD said the Washington, D.C.-based foundation, which sets standards and qualifications for appraisers and […]
Dear Shannon: I am a passionate broker with a focus on helping buyers. I’m also an outstanding negotiator, and, almost every time when I represent buyers, I can get their offer accepted below list price. When I market my services, I advertise this guarantee of savings and encourage buyers to purchase with representation. My […]
ORLANDO, Fla. – Starting October 1, 2024, there is a new flood disclosure requirement in Florida. Florida Statute 689.302 requires a seller to complete and provide a flood disclosure to a buyer of residential real property. This disclosure must be done at or before the time of a contract being executed. Sellers will need […]
ORLANDO, Fla. – A buyer will often review a purchase and sale agreement and sketch out a timeline of critical deadlines like making the deposit, applying for a loan, conducting inspections and so on. However, to understand the contract more deeply, it’s helpful to understand what happens if that timeline is disrupted and there’s […]
IRVINE, Calif. – ATTOM has released its July 2024 U.S. Foreclosure Market Report, which shows there were a total of 31,929 U.S. properties with foreclosure filings default notices, scheduled auctions or bank repossessions – up 15% from a month ago and up slightly by 0.2% from a year ago. “July’s foreclosure activity reflects a […]
News & Media TALLAHASSEE, Fla. – Today, Aug. 30, 2024, marks the one-year anniversary of Hurricane Idalia crashing into North Florida. Earlier this week, the federal government said the National Flood Insurance Program paid $372 million in claims from the storm. The Federal Emergency Management Agency said in a news release that the flood […]