Fed 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?
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.
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