Today’s News August 9, 2019
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- Analysis: Homeowners' Cost Working with an iBuyer? 13-15%
Instant offers work well for sellers who want quick closings with minimal preparation, but a study by Collateral Analytics found that homeowners make less money than selling their home on the open market – even after backing out a real estate agent’s commission.
- Don’t Like New-Home Prices? Blame the Labor Shortage
Trade wars have boosted the price of raw materials, but NAHB says builders are also strapped for laborers: 50% say framing crews, for example, are hard to find.
- Fla. Spending $2.2M to Identify Water Pollutants
What feeds the blue-green algae in freshwater rivers? Officials have theories but don’t know, making the just-announced water-quality study a major step forward.
- National Weather Service Increases Its Hurricane Prediction
The 2019 hurricane season has been calm so far, but a fading warm-water pattern caused NOAA to boost their prediction to 10-17 named storms before it’s over.
- Should Buyers Wait for More Mortgage Rate Drops?
The short answer: No. Rate drops aren’t a sure thing, prices continue to rise and a tight inventory makes it harder to find a home – waiting won’t make it easier.
- 3 Out of 4 Contracts Close on Time – This Stops the Rest
While 76% of contracts closed on time in 2Q 2019, 20% were delayed and 4% failed to close altogether. The top problem? Issues related to financing.
