Owners Not Selling? ‘Lock-In Effect’ Isn’t Only Reason

While owners don’t want to give up 3%-ish mortgage rates, a survey found that’s a secondary concern to low inventory challenges making it harder to find a place to go.
Read MoreHUD Wants to Use Ex-Cons for Fair Housing Testing

A proposed rule would allow fair-housing testers to have prior convictions – a way to determine if a landlord illegally turns away renters based on criminal history.
Read MoreFed: No Rate Hike, but Future One Still Possible

The Federal Reserve didn’t change interest rates on Wed. because existing tight “financial and credit conditions … are likely to weigh on economic activity.”
Read MoreNAR: RE Compensation Lawsuit Far from Over

A jury found NAR and others liable in a compensation lawsuit, but the association will immediately appeal and the case probably won’t conclude for several years.
Read MoreU.S. Consumers Pessimistic in Oct. – But Still Spending

The U.S. Consumer Confidence Index fell for the third month in a row to 102.6 from Sept.’s 104.3. A top concern: The rising cost of goods and services.
Read MoreFHFA: Aug. Housing Prices Rose 5.6% Year-to-Year

Home prices aren’t coming down, at least not in most of the U.S. The study of Fannie/Freddie data found just 1 of 9 divisions showing “moderate weakness.”
Read MoreEvery Real Estate Agent Needs a CRM

“I forgot to call that potential buyer back” usually means “I lost that potential buyer.” A good customer relationship management (CRM) system can fix that.
Read MoreFla. Consumers Unimpressed with Resilient Economy

UF’s Oct. consumer sentiment survey found a drop in Floridians’ attitudes about the economy, but only a bit – and notably less than the companion national survey.
Read MoreRE Q&A: Is a Reverse Mortgage a Bad Idea?

An older couple has home equity and wants to use some of that money to augment their fixed income hit by inflation. A reverse mortgage sounds ideal – but is it?
Read MoreCounselors of RE List Top Industry Issues for 2024

Too few sellers, high home prices, 8%-ish mortgage rates and strong buyer demand made the list, but so did AI and the “staggering costs to repair … aging infrastructure.”
Read MoreCondo Reserve Rules Push Some Toward Foreclosure

Some fixed-income condo residents in older buildings must pay for expensive deferred-maintenance repairs as they watch their property insurance costs rise.
Read MoreBuy or Rent? For Monthly Payments, It’s Rent

Ownership offers fixed payments for 30 years and slowly building equity, but those on a fixed budget today haven’t seen such a strong rent advantage since 1996.
Read MoreBest Return on Investment (ROI)? Old-School Networking

RE and mortgage pros were asked what generated the most business for them, and most agreed that physically meeting people got them the best bang for their buck.
Read MoreDo Nearby Foreclosures Affect Home Values?

If a nearby home goes through foreclosure, does a lowered value for that property impact the values of all nearby neighbors' homes?
Read MoreDo People Really Move Because of Taxes?

Fla. touts its no-income-tax status, but moving is complicated and buyers consider many variables. Still, it appears that lower taxes carry notable weight.
Read More67% of Buyers Willing to Live with Ghost Roommate

How hard is it to find the perfect home? If it has the right location and price, 7 out of 10 homebuyers are willing to overlook poltergeist shenanigans.
Read MoreFAU Study: 90% of Floridians Believe in Climate Change

A Yale U. study found only 3 out of 4 Americans (74%) share that belief, and the study’s author says it may be due to Fla.’s “hurricanes and other extreme weather.”
Read MoreFederal Audit: Gov’t Office Buildings 80% Vacant

The GAO found that federal offices have challenges like the private sector. In comparing building capacity to employees, none used over 50% and some used only 9%.
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There’s an interest uptick in reverse mortgages, notably from older adults on fixed incomes coping with inflation. They can be a good option – but also a bad one.
Read More How Does a Scammer Choose Vacant Land to Scam?

The scams begin with a hunt through public records for vacant land, an absentee owner and no mortgage. Look for red flags, like a refusal to talk in person.
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