RE Q&A: Who Fixes Electric Issues in Shared Walls?
An apartment building was converted to condos decades ago, and a recently discovered problem arose: Some electrical connections serve two different owners. What now?
RE/MAX Settles Claims in Compensation Lawsuits
Another large brokerage settled a lawsuit over buyer agents’ commissions, but NAR will continue the fight for “pro-competitive local MLS broker marketplaces.”
What Happens if the Government Shuts Down?
How will your life change in a shutdown? RE agents should fast-track any government-related tasks, such as flood ins., if they have a post-Sept. 30 closing scheduled.
Organic vs. Paid Leads: Which to Choose?
Organic leads are great – if you get them. Cost is always a consideration, but paid leads can be ideal for newbie agents who want to hit the ground running.
Mold in a Home? Tips for Detecting and Removing
Any home can have mold, but it’s a notable problem after storms like Hurricane Idalia. The EPA says mold can sometimes be present but unseen. Start with a smell test.
Credit Score Change Could Help Millions of Buyers
The nation’s consumer bureau took a first step to erase medical debt from credit reports and lending decisions because that type of debt “has little predictive value.”
Fla.’s Aug. Housing Market: Median Prices Rise
Single-family median price up 2% ($415K) YOY, condo median price up 6.2% ($324K). Chief Economist O’Connor: Mortgage interest rates continue to be “dominant factor.”
Mortgage Rates Rise to 7.19%, Close to 2023 High
“Homebuyers waiting for mortgage rates to come down should expect no major relief until next year,” says Lisa Sturtevant, chief economist for Bright MLS.
More Owners Take Middle Ground to Save on Insurance
Rather than drop property insurance altogether, some owners are choosing high deductibles to save money – a risky move that covers only catastrophic problems.