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The 121814 Daily Hot Sheet of Palm Beach Real Estate & FL Realtor News

By Winston Heverly

Real Estate Agent with Coldwell Banker Access Realty 433494

December 18, 2014 05:53 AM

The Daily Hot Sheet of Palm Beach Real Estate & FL Realtor News

Thursday, December 18, 2014

TODAY'S TOP STORIES

What does thaw in Cuba relations do for real estate?

Tourism, construction and the auto industry could see immediate benefits, but Cuba's rules on property ownership may still hinder international property deals. Read more.

Congress adjourns without passing terrorism bill

A lone senator's objection derailed passage, and commercial projects will lose coverage or face higher costs Jan. 1. The issue is not dead yet, however. Read more.

Owning still trumps renting in overall wealth

Paying a mortgage is a form of forced savings, and even owners who bought from 2007-2009 have seen an average gain so far of $18,000 in their net worth. Read more.

When will short-term interest rates on ARMs go up?

The Fed still casts a cautious eye on the economy, and rates that impact ARMs shouldn't go up soon. A few experts predict June, but Fed says no one really knows. Read more.

Open permits can throw a wrench into closings

Building code violations or open permits can derail home transactions, but buyers don't usually ask sellers about remodeling projects completed years earlier. Read more.

NOW YOU KNOW

Deal making: Do the different thing

A counterintuitive act can move transactions along, says one trainer. Too many choices can bog down the process, so suggest only a handful of acceptable options. Read more.

Make a note of it

NAR partner offers health insurance advice

It's not too late to get health coverage and avoid a tax penalty in 2015. SASid, a NAR partner, helps Realtors navigate the sometimes confusing and complex requirements.