Monthly Archives: April 2018

NAR report: U.S. housing supply and affordability at odds

Rising mortgage rates and home prices have made ownership less affordable, especially for first-time buyers, though a handful of metros – including North Port-Sarasota and Palm Bay-Melbourne –have seen affordability increase over the past year.

Source: Association News: Reprinted with permission Florida Realtors. All rights reserved.
Reprinted with permission Florida Realtors. All rights reserved.

Summit: Brokers must adapt to agents – and help agents adapt

What were the eye-openers at the recent NAR Broker Summit? For one, tech has changed. The latest is no longer a strong marketing tool, but “big data” may help some companies thrive. And watch statistics: Your market has changed substantially.

Source: Association News: Reprinted with permission Florida Realtors. All rights reserved.
Reprinted with permission Florida Realtors. All rights reserved.

Tax cuts aren't good news if you plan to get a mortgage

Experts see two trends that will push mortgage rates higher: 1) Inflation, thanks to a stronger economy, and 2) the U.S.’s greater need to borrow money, which means that businesses and consumers (homebuyers) will have less funds to access.

Source: Association News: Reprinted with permission Florida Realtors. All rights reserved.
Reprinted with permission Florida Realtors. All rights reserved.

Many Hurricane Irma insurance claims still not settled

As the next hurricane season looms, fewer than 57% of 942,000 Hurricane Irma insurance claims have been closed with insurance payments, state records show – and state-owned Citizens has reopened more than one-third of its Irma claims.

Source: Association News: Reprinted with permission Florida Realtors. All rights reserved.
Reprinted with permission Florida Realtors. All rights reserved.

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