Top challenges for RE firms? Affordability, inventory and new technology. One-office firms had median sales volume of $5.3M – 30% expect higher profits this year.
The office market – challenged by inflation, more natural disasters and a drop in lease income – also faces insurance costs that have risen 7.6% each year since 2017.
161 businesses in 25 Fla. counties hurt by Hurricane Idalia have received Fla. bridge loans as they await insurance or other help. Deadline to apply: Oct. 25.
A 1.2-point drop to 66.3 was “not unexpected,” since Hurricane Idalia hit in Sept., say UF researchers – and “current finances” fell more than future expectations.
23.5% of LGBTQ+ renters can’t rely on family/friends for financial help compared to 14% of other buyers. They also have more student loan debt, 18.4% vs. 11.4%.
An AI-based, NextGen cloud platform, Titan Flood, plans to offer private flood insurance policies with the ability to provide quotes “in seconds.”
Few agents know every nuance of running a business. Loyalty builds by offering help, such as education sessions on social media marketing or new-tool training.
Four universities in Arizona and Texas will share funds to help assure “affordable, fair, and safe housing and homeownership opportunities” for Hispanic Americans.
The government continues routine operations, but a shutdown threat could occur again as Nov. 17 looms – but storm victims were also handed a lifeline.
Following a “Call for Action” issued by NAR Fri. night and shared by Florida Realtors Sat., Congress and the president extended government funding to Nov. 17.
