October 2023

Do Rising Foreclosures Pose a Threat to the US Housing Market?

Do Rising Foreclosures Pose a Threat to the US Housing Market?

Foreclosure notices have surged 34% year-over-year to nearly 125,000 in the third quarter of 2023, up 28% from the previous quarter, indicating a return to pre-pandemic levels as foreclosure moratoriums expire. While rising foreclosures and high home prices have some fearful of a housing bust, experts are optimistic about the state of the market inRead …

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Homes for Sale Below $10K?! ā€˜Bargain Block’ Shows Us Where—and Gives Us Hope

Homes for Sale Below $10K?! ā€˜Bargain Block’ Shows Us Where—and Gives Us Hope

With interest rates and home prices through the roof of late, shows like ā€œ Bargain Blockā€ can be just what cash-strapped homebuyers need to realize that there’s still hope. Case in point: In the latest Season 4 episode, ā€œThe Windsor Balmoral House,ā€ Keith Bynum and Evan Thomas have bought a 1,500-square-foot, four-bedroom, two-bath house inRead …

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Realtor.com: ā€˜Avatar’ star Zoe Saldana lists her beautiful Beverly Hills estate for $16. …

Realtor.com: ā€˜Avatar’ star Zoe Saldana lists her beautiful Beverly Hills estate for $16. …

Zoe Saldana, who most recently starred in the blockbuster ā€œAvatar: The Way of the Water,ā€ is looking to part ways with her posh Beverly Hills, CA, estate for $16.5 million. Don’t feel like dropping that much dough? Renting the home for $47,500 a month is also an option. The stately place was built in 1974Read …

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How to Build Real Estate Relationships That Pay Off

How to Build Real Estate Relationships That Pay Off

When you like and respect other Realtors, transactions will go a lot smoother. Here’s some advice on how to nurture those relationships — before and after closing. ā—MORE GREAT INFO FROM FLORIDA REALTORS ā— Florida Realtors website: https://floridarealtors.org/ Facebook: https://floridarealtors.org/facebook…

The Federal Reserve Tightens Its Grip on the US Housing Market

The Federal Reserve Tightens Its Grip on the US Housing Market

Mortgage rates reached 7.49% for 30-year fixed-rate loans during the week ending Oct. 5, up from the previous week’s 7.31%. This steep increase, marking a 23-year high, is driven by rising inflation, labor market fluctuations, and uncertainty regarding the Federal Reserve’s actions. Elevated rates are dissuading potential homebuyers, making homeownership less affordable, even as housingRead …

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