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New Home Mortgage Applications Increase 10.8%
The increase in new home sales shows they continue to be an appealing option. The average loan size for new homes rose to $402,658 in September. http://dlvr.it/TGSVcN
Investors See Returns Along Florida's Highways
Florida’s pro-business mindset has encouraged commercial growth, which has led to years of steady growth, one investor said. http://dlvr.it/TGSCWH
Developers: Diversity Helps Build Communities
Real estate development should prioritize affordable housing and address barriers that have excluded Black developers, panelists said. http://dlvr.it/TGS0w0
Real Estate Q&A: Who Pays for Storm Damage?
If your tree falls during a storm and damages your neighbor’s house, who pays? Let your insurance company handle it. http://dlvr.it/TGRP4S
Considerations Before Jumping Brokerages
Before making a move, assess whether a change will benefit your career and clients. Align with those who support long-term growth and ethical practices. http://dlvr.it/TGRC0P
A New Buyer Boom?
Real estate professionals are building client loyalty and responding to needs among a quickly growing Hispanic demographic. http://dlvr.it/TGQt1h
We’re all looking for a better night’s sleep — and these tips for a restful sleeping environment can make a big difference. Looking for more help? Reach out for a referral to a design professional! š² (786) 232-1400 š§ bsanjurjo@hotmail.com
We’re all looking for a better night’s sleep — and these tips for a restful sleeping environment can make a big difference. Looking for more help? Reach out for a referral to a design professional! š² (786) 232-1400 š§ bsanjurjo@hotmail.com http://dlvr.it/TGPvkR
Home Sale Contracts Pick Up by 3.5%
Lower rates have encouraged buyers from the sidelines. In Florida, builders are offering incentives that include lot premium waivers and price reductions. http://dlvr.it/TGNtqr
Mortgage Rates Are Rising. Why?
Many forecasts have rates near 6% at the end of this year and falling to about 5.8% next year. The days of 3% and 4% rates appear to be over. http://dlvr.it/TGNkSR
Builder Confidence Edges Higher
Even with affordability headwinds, builders remain optimistic about the future of the market. The share of builders cutting prices held steady at 32% in October. http://dlvr.it/TGNSKt
Fake Land Listing Leads to Investigation
An Okeechobee real estate scam was uncovered after a man attempted to sell land he didn't own. The listing was removed. No arrests have been made. http://dlvr.it/TGNGFh
Cybersecurity Awareness: Staying Safe From Scams
In any transaction, including real estate, always verify information, be cautious with urgent requests, and confirm authenticity before sharing personal details. http://dlvr.it/TGMmC8
In-Person Hurricane Recovery Support Available
Disaster-response resources are available this week in more than 10 Florida counties to help businesses and residents. http://dlvr.it/TGJzDD
Rising Rates Haven’t Slowed Pending Sales
Pending home sales posted their biggest increase since 2021 recently, but some house hunters are starting to pull back, Redfin said. http://dlvr.it/TGJf4q
Report: Homeowners Go into Debt for Renovations
About 53% of homeowners who hired a contractor went over budget, and 46% faced significant delays. http://dlvr.it/TGJSg2
Some Florida Homes Buried in Sand After Hurricanes
Massive amounts of sand shifted inland after back-to-back hurricanes. Many residents are now facing costly cleanup. http://dlvr.it/TGHzl5
Single-Family Starts Trend Higher in September
Builder sentiment and easing monetary policy boosted single-family construction. Multifamily fell 9.4% due to tight financing and rising apartment completions. http://dlvr.it/TGHrTZ
Should You Become a Mortgage Broker?
Wearing two hats isn’t for everyone – but, for some, dual licensing offers an opportunity to earn extra income and bring more value to your relationship with buyers. http://dlvr.it/TGHZ91
SBA Encourages Disaster Loan Applications
The SBA said disaster survivors should not wait to settle with insurance companies before applying for disaster loans. Also, Milton, Helene insurance claims increased. http://dlvr.it/TGGL35
Average Mortgage Rates Increase
Rates on 30-year mortgages rose to 6.44% from 6.32% last week, according to Freddie Mac. Rates on 15-year mortgages rose to 5.63% from 5.41%. http://dlvr.it/TGFtkC
Seller Profit Margins Drop Slightly Across U.S.
Returns on typical U.S. home sales remain high but dipped down quarterly and annually, ATTOM found. Median raw profits hold steady at just under $130,000. http://dlvr.it/TGFlqY
Report: August National Rent Growth Slow, Steady
U.S. single-family rent prices were up by 2.4% year over year in August, the lowest rate of growth recorded since last fall, CoreLogic reported. http://dlvr.it/TGFVKw
Helene and Milton Among Costliest Hurricanes
Hurricanes Helene and Milton are expected to rank among the most expensive storms, but insured losses are expected to be lower than previous storms. http://dlvr.it/TGFKdX
Listing Agreement Questions? NAR Has Answers
NAR released a new Consumer Guide focused on listing agreements to educate customers working with real estate professionals. http://dlvr.it/TGDtjp
Did you know that a high debt-to-income (DTI) ratio is the #1 reason mortgage applications get rejected? š¤Æ Your DTI ratio is the percentage of your gross monthly income that goes toward debt payments, including your mortgage. Lenders use DTI to assess your ability to afford a home. So, how can you avoid rejection and qualify for better rates? ✅ Aim for a DTI ratio of 36% or lower to qualify for the best rates. ✅ Pay down credit cards, auto loans, student loans, and other debt. ✅ Increase your income to offset your debts and lower your ratio. Ready to learn more? Check out our latest blog post to get more tips for taking out a mortgage. š https://guillermosanjurjo.myagent.site/top-4-factors-to-consider-when-choosing-your-mortgage/
Did you know that a high debt-to-income (DTI) ratio is the #1 reason mortgage applications get rejected? š¤Æ Your DTI ratio is the percentage of your gross monthly income that goes toward debt payments, including your mortgage. Lenders use DTI to assess your ability to afford a home. So, how can you avoid rejection and qualify for better rates? ✅ Aim for a DTI ratio of 36% or lower to qualify for the best rates. ✅ Pay down credit cards, auto loans, student loans, and other debt. ✅ Increase your income to offset your debts and lower your ratio. Ready to learn more? Check out our latest blog post to get more tips for taking out a mortgage. š https://guillermosanjurjo.myagent.site/top-4-factors-to-consider-when-choosing-your-mortgage/ /> http://dlvr.it/TGDdP4
New Hurricane Aid Available for Repairs
Operation Blue Roof, which provides free tarps for damaged homes, opened for applications, and HUD announced a 90-day foreclosure moratorium on FHA-insured mortgages. http://dlvr.it/TGCzTp
Small Business Disaster Loan Program out of Money
U.S. House Speaker Mike Johnson said new funding might not come until after the November election. Other disaster relief programs are available, including FEMA help. http://dlvr.it/TGCskp
Want the Best Mortgage Rate? Do This
Buyers should keep a close eye on their credit reports, control their debt-to-income ratio and maintain a strong employment record, among other things. http://dlvr.it/TGCXCv
AI Streamlining the Real Estate Listing Process
AI is being used to improve efficiency for tasks that include lead generation, scheduling meetings and follow-up communications. http://dlvr.it/TGCPgD
Navigating the Insurance Claims Process
Contact your insurance company soon after a disaster to make a claim and document the damages. FEMA aid is available for some home and business owners. http://dlvr.it/TGC85t
The Importance of Good Credit
Financial research shows disparities among various racial and ethnic groups. With solid credit, mortgage applications and other loans are more likely to be approved. http://dlvr.it/TGBz24
Milton, Helene Insurance Claims Increase
The back-to-back hurricanes that swept across parts of Florida have caused billions in damages, according to the latest insurance estimates. http://dlvr.it/TG9QvD
Zillow: Rate Dip Makes for Lively 'Last Call'
September saw an uptick in activity from both buyers and sellers, Zillow said. Southern states, including Florida, have tipped towards a buyer’s market. http://dlvr.it/TG90kp
Converting Hotels into Affordable Housing
Converting older hotels and motels into apartments is a cheaper and quicker endeavor than converting office buildings or building new, experts said. http://dlvr.it/TG8qNx
‘Storm-Proof’ Homes Pass Double-Whammy Test
A community on the Gulf Coast with homes built to withstand Category 5 hurricanes fared well in back-to-back hurricanes and could be a protype for the state. http://dlvr.it/TG8M3d
Experts: Florida Insurance Market Solid
The state’s insurers have sufficient reinsurance capital to weather Hurricanes Milton, Helene and Debby and another Milton-sized storm this year. http://dlvr.it/TG8Cpn
Boomers to Millennials: Ownership is Possible
Baby boomers say young adults could own homes if they tried harder, a new study showed. But young adults face challenges the older generations never did. http://dlvr.it/TG7xt1
The walk-through is one of the last steps in the homebuying process, but you shouldn’t rush it! Here are a few things to check during your final walk-through: š” Are all items included in the sale (e.g. light fixtures and appliances) in place and operational? šæ Are all major systems working properly? ⚒️ Have all requested repairs been completed? š️ Has the seller removed all personal items and debris? šŖ Was any significant damage done during the seller’s move out? Want more expert guidance on the homebuying process? Reach out for a free consultation. š² (786) 232-1400 š§ bsanjurjo@hotmail.com
The walk-through is one of the last steps in the homebuying process, but you shouldn’t rush it! Here are a few things to check during your final walk-through: š” Are all items included in the sale (e.g. light fixtures and appliances) in place and operational? šæ Are all major systems working properly? ⚒️ Have all requested repairs been completed? š️ Has the seller removed all personal items and debris? šŖ Was any significant damage done during the seller’s move out? Want more expert guidance on the homebuying process? Reach out for a free consultation. š² (786) 232-1400 š§ bsanjurjo@hotmail.com http://dlvr.it/TG7lVx
Before gas stations, drivers used to buy gas in a can from the pharmacy. There is more to the story http://dlvr.it/TFL9yf Photo by aguacates16 via Unsplash
Before gas stations, drivers used to buy gas in a can from the pharmacy. There is more to the story http://dlvr.it/TFL9yf /> Photo by aguacates16 via Unsplash http://dlvr.it/TG6jYn
FEMA, Business Aid Available for Milton, Helene
Homeowners, renters and small businesses in Florida counties hit by Hurricane Milton can now apply for FEMA aid and state bridge loans for disaster recovery. http://dlvr.it/TG6HKB
Benefit of Elevated Homes Stands Out
Homes built to newer elevated construction standards fared better than older structures after the past two hurricanes. http://dlvr.it/TG6BXf
U.S. Consumer Sentiment Slips
Despite their gloomy responses to economic confidence surveys, consumers have kept spending, thus buoying the economy. http://dlvr.it/TG625n
Rent or Buy? Do Falling Rates Change Anything?
A rent-versus-buy calculator can help potential homeowners determine if they can afford a monthly house payment or should continue to rent. http://dlvr.it/TG5wsj
Brokers: Documents, Forms and Manuals
Brokers should build a system to ensure all documentation is organized and easily accessible, which could include using transaction management software. http://dlvr.it/TG5VPB
What to Know About Digital Security
Experts say it’s easier to prevent a cyberattack than to fix one. Cyberattacks on firms with fewer than 10 employees have risen 13% since 2020. http://dlvr.it/TG5Pnc
Hurricanes Milton, Helene: Resources Available Now
Realtors and residents affected by Hurricanes Milton and Helene can apply for financial assistance and programs that offer aid for damaged homes and offices. http://dlvr.it/TG2gs4
NAR Consumer Guide: Fair Housing
The Fair Housing Consumer Guide doesn’t constitute any change in NAR policy. It covers the Realtor’s role in promoting housing equity as well as other matters. http://dlvr.it/TG2Qkw