Aug. Housing Starts Drop 11.3% as Rates Rise

Multifamily starts took the hardest hit, falling 26.3%. Single-family starts fell 4.3% month-to-month, though they were up year-to-year by 2.4%.
Read MoreRenters Insurance: What It Does and Doesn’t Cover

Property insurance is a hot point when hurricanes threaten Fla., but many renters don’t take out relatively affordable coverage and can suffer just as much.
Read MoreFannie Forecast: Mild Recession the Likeliest Outcome

With a nod to the economy having “mixed signals,” Fannie Mae’s 3Q forecast calls for a “modest contraction” and mortgage rates “settling above 7%.”
Read MoreApply Soon for Fla.’s $10K Mitigation Grants

The My Safe Florida Home program could run out of funds, and homeowners are encouraged to apply soon for up to $10K grants – $2 for every $1 of matching funds.
Read More5 Transaction Failures That Short-Circuit a Closing

Does the seller have the authority to sell the home? Has everything been disclosed under the law? Are buyers/sellers seeking professional advice for any concerns?
Read More3 Fla. Metros Get HUD Affordable Planning Grant

Daytona Beach, Gainesville and Orlando will each receive $500K, three metros out of only 14 selected by HUD for affordable housing grants.
Read MoreBuilder Confidence Drops Into Negative Territory

NAHB’s monthly index (1-100) based on a survey of builders’ attitudes dropped 5 points to 45 in Sept., largely because of rising 7%-plus mortgage rates.
Read MoreIdalia Damage: No New Surcharges on Fla. Policies

State-owned Citizens Property Ins. can levy surcharges on all insurance policies if it has heavy losses, but Idalia’s impact won’t force it do to so.
Read MoreFla. Brokerages Using AI to Rev Recruitment

Just as “predictive analysis” can identify homeowners likely to sell soon, AI broker software can identify top candidates who may be willing to make a move.
Read MoreCitizens Drops Rate-Hike Request a Bit

Fla.’s state-operated “insurer of last resort” lowered its earlier request to an average 11.5% increase, with commercial complexes, including condos, rising 10.2%.
Read MoreConfused Buyers? No Wonder with Today’s Headlines

Real estate prices are going back up, one news headline says. No, they’re dropping, says another. Confused buyers don’t know whether to move quickly or step back.
Read MoreIdalia Victims Can Get Property Tax Help

Residential and commercial property owners have some post-hurricane property tax options, says Citrus County Property Appraiser Cregg Dalton.
Read More20% of Buyers Waiting for Prices or Rates to Drop

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.
Read More‘Go Green’ Costs Hurting Some Commercial Owners

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.
Read MoreBuyers Still Waive Appraisal Gap in Some Markets

To secure a home, some U.S. buyers still agree to make up the difference when a mortgage appraisal comes in at less than the contract price – an often risky move.
Read MoreBroker Promising a 3% Mortgage in a 7% World

About 22% of U.S. mortgages are assumable from a seller to a buyer – largely federal ones, such as FHA loans – and a broker advertises that option to attract customers.
Read MoreRE Q&A: Should Condo Assoc. Pay Electric Bill?

A condo-wide A/C unit went down, and it gave residents a window unit while awaiting repairs. Should residents also get reimbursed for the cost of electricity?
Read MoreVacation Home Demand Close to Seven-Year Low

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%.
Read MoreMortgage Rates Head Higher Again, Rise to 7.18%

The 30-year, fixed-rate mortgage rose from last week’s 7.12%, in part due to fears of another Fed interest rate increase, but that appeared less likely on Thursday.
Read MoreFor Buyers and Sellers, AI Will Bring Less Stress

Buyers wary of a fixer-upper? AI not only redecorates, it will soon quote remodeling cost estimates, hire contractors and help users buy pieces of furniture.
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