AccuWeather: Helene Is One of Worst Hurricanes
As the scope of the loss of life, infrastructure and property damages becomes clearer, the estimated U.S. damage and economic loss rises to $225B between $250B.
Consider Using a Realtor When Selling Your Home
Home sellers who don’t use an agent are twice as likely as agent-assisted sellers to be unhappy with the results of their sale, says a study from Clever Real Estate.
U.S. Labor Market Still Going Strong
The national unemployment rate dropped for the second month in a row, dipping to 4.1% in September. In addition, more jobs were added than economists expected.
Florida Tax Revenue Tops Projection
The state’s general revenue collections in Aug. totaled $3.6 billion, 4.3% higher than expected, thanks to a boost from sales taxes and earnings on investments.
Helene’s Estimated Insured Losses Top $835M
Fla. Office of Insurance Regulation: With 84,400 claims filed, the state’s estimated insured losses from Hurricane Helene totaled $835,853,221 on Oct. 3.
Mortgage Rates Rise, Still Well Below Last Year
The average 30-year mortgage rate rose to 6.12% from 6.08% last week. Borrowing costs on 15-year fixed-rate mortgages rose to 5.25% from 5.16%.
NAR’s Newest Consumer Guide: MLS
Do your customers have questions about the role an MLS plays in a transaction? NAR’s newest guide provides valuable information.
5 Financial Metrics Real Estate Pros Should Track
It’s crucial to know what your money is doing and where it’s going. Use your numbers to create a roadmap for your business.
How Low Will Interest Rates Go?
Mortgage rates dropped to historic lows during the pandemic, and it’s not likely to happen again. The low 5% range is more realist, Bankrate said.
Helene: Extended Business Tax Deadlines, Resources
As of Oct. 2, the total estimated insured losses for Florida from the storm are $777,772,440 and 79,360 claims. Business resource centers have opened.