FEMA Update: $477M So Far to 26 Fla. Counties

Over 92K homes have been inspected, FEMA says, 1,468 households have been sheltered (3,817 people), and 39K flood insurance claims have been filed.

An Increased Use of ARMs Is Risky for Borrowers

An adjustable-rate loan gives buyers more leverage, but it’s risky if mortgage rates keep rising. Unlike the 2010s, though, there’s little risk to the U.S. economy.

Sotheby CEO’s First Floor Under 7 Feet of Water

Budge Husky, a Realtor and CEO in Naples, was out of state when Hurricane Ian slammed his home on Barefoot Beach, a part of Bonita Springs.

Builders’ Pessimism Grows in Oct.

NAHB: Builder confidence in the market for newly built single-family homes dropped eight points in October to 38 – half the level it was just six months ago.