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.
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.
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.
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.
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%.
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.
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.
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.
Listing Agreement Questions? NAR Has Answers
NAR released a new Consumer Guide focused on listing agreements to educate customers working with real estate professionals.
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.