Mold in a Home? Tips for Detecting and Removing

Any home can have mold, but it’s a notable problem after storms like Hurricane Idalia. The EPA says mold can sometimes be present but unseen. Start with a smell test.
Read MoreCredit Score Change Could Help Millions of Buyers

The nation’s consumer bureau took a first step to erase medical debt from credit reports and lending decisions because that type of debt “has little predictive value.”
Read MoreFla.’s Aug. Housing Market: Median Prices Rise

Single-family median price up 2% ($415K) YOY, condo median price up 6.2% ($324K). Chief Economist O’Connor: Mortgage interest rates continue to be “dominant factor.”
Read MoreMortgage Rates Rise to 7.19%, Close to 2023 High

“Homebuyers waiting for mortgage rates to come down should expect no major relief until next year,” says Lisa Sturtevant, chief economist for Bright MLS.
Read MoreMore Owners Take Middle Ground to Save on Insurance

Rather than drop property insurance altogether, some owners are choosing high deductibles to save money – a risky move that covers only catastrophic problems.
Read MoreNAR: August Existing-Home Sales Drop 0.7%

Sales fell 15.3% year-to-year, but prices rose 3.9% as demand continued to outpace supply. Listings were also down, with 0.9% fewer in Aug. month-to-month.
Read MoreHUD: 29 Waivers to Help Fla.’s Hurricane Idalia Recovery

The package of regulatory and administrative waivers in seven HUD programs will give Hurricane Idalia-hit counties extra help during recovery efforts.
Read MoreWebsite Design: What’s the Best HTML Editor?

Brokers and agents should start with a basic question: What do I need my website to do? A good HTML editor offers intuitive features, great images and more.
Read MoreFed Holds Rates Steady but Suggests One in Future

It’s the second no-interest-rate-change decision over the past three meetings. Inflation is still above 2%, however, and the Fed says a future increase is still likely.
Read MoreCitizens Customers Getting Buyout Letters this Week

About 300K Fla. homeowners with Citizens – Fla.’s “insurer of last resort” – will receive a letter that automatically transfers them to a private insurer if they don’t respond.
Read MoreMost Want New Housing Built – But Not Near Them

New-construction attitudes are bipartisan. Most Americans say the nation needs to build more apartments but less than 20% think it’s okay in their neighborhood.
Read MoreNext Commercial Niche Market? Robot Factories

A 70K-square-foot robot factory opening in Oregon may be the first entry for a niche that will one day rival the automobile industry.
Read MoreInvestment Scams Are Everywhere – How to Spot One

FTC: Financial scams, including cryptocurrency schemes, cost consumers $3.8B last year just in the U.S. – twice as much as in 2021.
Read MoreNot Just Fla.: 25% of U.S. Facing Unaffordable Insurance

A report finds that insurers and lawmakers underestimated the impact of climate change, and 1 in 4 homeowners is now dealing with rapidly increasing insurance costs.
Read MoreWhat Happens to RE if the Government Shuts Down?

No two shutdowns are the same, but the feds would be less responsive. Some RE products – FHA, VA and Rural Housing loans, flood insurance – may see an immediate impact.
Read MoreAug. 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?
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