Referral Study: Acquaintances Better than Friends?

LinkedIn found that acquaintances helped job-seekers more than friends. It’s a new social-science theory called the “strength of weak ties” that may work in RE.

Citizens Receives Fewer Claims than Expected

Fla.-owned Citizens once expected 225K Hurricane Ian homeowner claims but lowered that on Fri. to 100K, with most from the three hardest-hit Fla. counties.

Inflation Pressuring Fed to Keep Raising Rates

In Sept., the inflation rate was 8.2% year-to-year and 0.4% month-to-month, making it more likely mortgage rates will continue to rise over at least the short term.

Fed Urges Broader Regulation of Stablecoins

Fed Chair says cryptocurrencies have “structure issues,” notably stablecoins – cryptos that sound safer because they peg market value to some external source.