New Insurance Safeguards Against Data Breaches

About 60% of small businesses fail within six months of a data breach, says the National Cybersecurity Alliance, a national nonprofit focused on digital awareness.
Read MoreHigh Rates May Stick if Economy Stays Strong

A year ago, economists said the U.S. would be in a recession by now. But while RE and some other industries have felt a sting, other industries aren’t suffering much.
Read MoreHave Prices Bottomed? 5 Monthly Declines End in July

Home sales dropped 22.3% year-to-year but prices don’t seem to care. Year-to-year prices fell a bit in Feb. and 3% in May, but they started to rise again in July (up 1.9%).
Read MoreBusiness Strategy: Talk to Your Future Business

It’s easier to make current plans when one eye is focused on the future, and the housing market will one day open back up. For today, nurture your likely future customers.
Read MoreDefrauded HOA Trying to Unravel the Mess

The lesson for Fla. HOAs: Elect honest, reliable people to the board. Fla.’s largest HOA has spent $2.3M on lawyers after losing millions under a corrupt board of directors.
Read MoreForeign Land Ownership Ruling Appealed

A judge turned down a preliminary injunction request over Fla.’s foreign-buyer law, but the plaintiffs said Monday that they’re going to appeal the decision.
Read MoreMeet Florida Realtors Board Certified Professionals

20 Realtors earned their endorsement as “the best of the best” – a Florida Realtors Board Certified Professional. This first group was recognized at Sunday’s BOD meeting.
Read MoreUse AI for Social Media Only if It Sounds Like You

Social media posts must sound sincere if you hope to generate new leads. AI can make the task easier, but only if the copy still sounds authentic.
Read MoreFla.’s July Housing: Prices Up, Inventory Improves

Florida Realtors: Higher mortgage rates still a factor; single-family home median price at $415K, 2.8 months’ supply. Condo median price at $319K, 3.6 months’ supply.
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In a year-to-year comparison, sales dropped 16.6% even as prices rose 1.9% to $407K – only the fourth month ever over $400K. Inventory increased 3.7%, however.
Read More Giant Chinese Commercial Firm Fights Bankruptcy

China’s Evergrande says it’s asking a U.S. court to approve a debt plan – not filing for bankruptcy – as it faces possible default on $340B in debt.
Read MoreCitizens Ins. Has to Recalculate Rate Increases

The state-owned insurer requested a maximum 12% hike for most residential policies and must go lower. But a condo association hike was approved at 9.2%.
Read MoreCFPB Penalizes Lender and Broker for Kickbacks

The consumer bureau says Freedom Mortgage gave Long Island brokers and agents “illegal incentives” under RESPA, including cash, subscriptions and parties.
Read MoreNew SBA Small-Biz Lending Rules Started Aug. 1

SBA now allows some more nonbank lenders to offer SBA 7(a) loans, and it eased lending standards, knocking nine creditworthy criteria down to only three.
Read MoreWeWork May Not Be Able to Stay in Business

The nationwide company offering co-working spaces says there’s “substantial doubt” about the NY-based company’s “ability to continue as a going concern.”
Read MoreWhat Do 7% Mortgage Rates Mean for Homebuyers?

Some discouraged buyers should stop looking for their “forever home” and start looking for their “get my foot in the door to start building equity” home.
Read MoreRealtor Safety Tip: Wear Insect Repellant

Mosquito-borne illnesses have spiked in Florida – dengue, malaria, chikungunya and West Nile Virus – due largely to an international visitor increase.
Read More1 in 3 For-Sale Homes Are Newly Built

Of all homes buyers could consider in the second quarter, 31.4% were new construction – the highest 2Q percentage on record. Pre-pandemic it was 17%.
Read MoreDirect Mailers, Social Media, More? Use Them All

Inventory is low and many current homeowners with low mortgage rates aren’t budging. In marketing, it’s time to cast a wide net.
Read MoreJudge Refuses to Block Foreign Ownership Law

Plaintiffs asked for an injunction on the law until a court could fully consider the case, but the judge turned down their request.
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