Hot Housing Market Keeps Foreclosures at Bay
Homeowners who have hit hard times face foreclosure, but most now also have lots of equity and they’re selling rather than going into foreclosure.
OURFlorida Rental Assistance Halts Applications
The U.S. Treasury-funded program spent over $1.3B, helped 228K residents and closed to applications on May 12 – but some local programs may still offer aid.
Fla.’s May Home Sales: Listings and Prices Up
Florida Realtors: Fla.’s single-family median price up 21.8% to $420K. Condo median price up 28.8% to $322K. Rising interest rates slow sales but new listings up.
What Makes a Brokerage Cohesive? The Culture
The baseline for a strong brokerage begins with training programs, support and systems. But the internal culture acts as the glue that holds people together.
RE Q&A: Is It OK to Self-Insure Our House?
As property insurance grows more expensive, homeowners study other options. If an owner has paid off the mortgage, is self-insurance an option?
RE Q&A: Who Can Serve on HOA Committees?
Also: A condo board may approve/reject leases based on criteria in the Declaration; a background check found a recent arrest for assault and battery. OK to reject?
1 in 4 Sellers Cutting Price as Market Cools
Altos Research: Rising rates and economic shifts have slowed down super-eager buyers as the market shifts to “much more normal conditions.”
U.S. Home Equity Highest on Record – $27.8T
Many homeowners used some of their home equity via a cash-out refinance when rates were dropping. “Tappable equity” rose to $200K per home in 1Q 2022.
Top U.S. Relocation Destinations? Miami and Tampa
Two other Fla. metros – Cape Coral and North Port – are also in the top 10 Redfin report, with New York City and Chicago top feeder markets.
Using LinkedIn for Marketing
In addition to a business LinkedIn page, agents should have a personal LinkedIn page that, in addition to a photo, outlines their skills and experience.