Helene Claims Up, New Storm Eyed
A Florida Office of Insurance Regulation order bans insurance cancellations or nonrenewals in impacted areas, unless requested by the policyholder, until late November.
Commercial Property Market Coming Back to Life
The commercial market is rebounding. Transactions are increasing, driven by distressed properties and new liquidity as buyers and sellers agree on pricing.
U.S. Annual Home Price Growth Inches up in August
Year over year, U.S. single-family home prices rose to 3.9% in August, the lowest rate of growth recorded since last July.
Florida Consumer Sentiment Continues to Climb
Increasing optimism is largely driven by positive views on the national economy over the next year. Consumer sentiment should improve overall in the months ahead.
Should You Refinance Your Mortgage?
As a general rule, refinancing could be worthwhile if you’re able to reduce your mortgage rate by at least 1 percentage point, one analyst said.
Two New Condo Forms Available
Two newly revised forms address changes in law that require condo sellers and buyers to supply and acknowledge association documents.
Condo Changes Coming to a Form Near You
The updated FR/BAR Condominium Rider, (CR-6xx_A) and CRSP Condominium Addendum (CRSP16xxx_F) include the required language.
Cybersecurity Incident Response Plans In The Works
The IT security firm Check Point said the “insurance/legal” sector saw 636 weekly attacks in 2022, a 68% increase from 2021. The figure was expected to triple in 2024.
Helene: RE License Renewals Extended
Unemployment assistance is available to those who lost jobs or self-employment due to the hurricane. The Florida Realtors DRF donated to NAR’s Realtor Relief Fund.
Newly Built Apartments Filling Up Faster
Redfin reported 54% of U.S. apartments that were completed in the first quarter rented within three months, up from 47% a quarter earlier.