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• Home Sale Contracts Pick Up by 3.5% October 21, 2024
  Lower rates have encouraged buyers from the sidelines. In Florida, builders are offering incentives that include lot premium waivers and price reductions.
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• Mortgage Rates Are Rising. Why? October 21, 2024
  Many forecasts have rates near 6% at the end of this year and falling to about 5.8% next year. The days of 3% and 4% rates appear to be over.
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• Builder Confidence Edges Higher October 21, 2024
  Even with affordability headwinds, builders remain optimistic about the future of the market. The share of builders cutting prices held steady at 32% in October.  
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• Fake Land Listing Leads to Investigation October 21, 2024
  An Okeechobee real estate scam was uncovered after a man attempted to sell land he didn't own. The listing was removed. No arrests have been made.
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• Cybersecurity Awareness: Staying Safe From Scams October 21, 2024
  In any transaction, including real estate, always verify information, be cautious with urgent requests, and confirm authenticity before sharing personal details.
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• In-Person Hurricane Recovery Support Available October 18, 2024
  Disaster-response resources are available this week in more than 10 Florida counties to help businesses and residents.
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• Rising Rates Haven’t Slowed Pending Sales October 18, 2024
  Pending home sales posted their biggest increase since 2021 recently, but some house hunters are starting to pull back, Redfin said.
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• Report: Homeowners Go into Debt for Renovations October 18, 2024
  About 53% of homeowners who hired a contractor went over budget, and 46% faced significant delays.
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• Some Florida Homes Buried in Sand After Hurricanes October 18, 2024
  Massive amounts of sand shifted inland after back-to-back hurricanes. Many residents are now facing costly cleanup.
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• Single-Family Starts Trend Higher in September October 18, 2024
  Builder sentiment and easing monetary policy boosted single-family construction. Multifamily fell 9.4% due to tight financing and rising apartment completions.
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• Should You Become a Mortgage Broker? October 18, 2024
  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.
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• SBA Encourages Disaster Loan Applications October 17, 2024
  The SBA said disaster survivors should not wait to settle with insurance companies before applying for disaster loans. Also, Milton, Helene insurance claims increased.
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• Average Mortgage Rates Increase October 17, 2024
  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%.
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• Listing Agreement Questions? NAR Has Answers October 17, 2024
  NAR released a new Consumer Guide focused on listing agreements to educate customers working with real estate professionals.
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