Within that overall number, single-family starts rose 2.7% and multifamily starts dropped 5.9%. Homebuilders see it as “signs of a gradual upturn.”
It’s not just the potential profit of owning rentals. The industry runs through up-down cycles and a diverse income flow can smooth out the peaks and valleys.
Builder optimism rose again in April thanks largely to a tight inventory of existing homes, and the index components that gauge future expectations rose the most.
Fla. homeowners’ insurance premiums will go up an extra 1% starting in Oct. The insurance premium add-on will help recoup money caused by property insurer insolvencies.
Early reports often change, but Colorado forecasters say an El Niño development in the Pacific Ocean suggests fewer hurricanes, with 13 named storms predicted.
The 2023 Housing Choice Voucher (HCV) program funding is a 10.5% increase ($2.9B) over last year. It’s HUD’s largest single investment for affordable housing
A mission to humanize real estate by using robots (AI) sounds like an oxymoron. But a broker uploaded client data and relies on AI to maintain client relationships.
Study: March asking rents fell 0.4% to $1,937 year-to-year, the lowest level in 13 months. But 4 Fla. cities in the study saw increases ranging from 0.7% to 3.9%.
The Senate unanimously passed a bill that eases the timeline for condo inspections. It now goes to the House and, if passed there, to Gov. DeSantis for his signature.
Agents can maximize referrals and the number of returning customers if they can get current customers to say, “They’re nice and I trust them.”
