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How homebuyers can stick out in a crowded real estate market

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Homebuyers will need to take certain steps to stick out in what could soon be a crowded real estate market.

Pamela Albin Moore/Getty Images


The real estate market is poised for a significant shift following the Federal Reserve’s decision to cut interest rates by half a percentage point on September 18. Many realtors and mortgage brokers predict that these lower interest rates will likely attract more buyers to the housing scene. This increased demand could drive home prices higher and intensify competition for an already limited inventory.

So, how do you stand out in this hot housing market? We sought advice from three seasoned real estate agents. They shared their best tips and explained why buying now — even with higher interest rates — could be smart for some homebuyers.

Not sure what mortgage interest rate you’d qualify for? Find out here now.

How homebuyers can stick out in a crowded real estate market

The experts we spoke to suggest three key strategies for gaining an edge in a crowded market:

Get pre-approved for a mortgage

“Get pre-approved with an understanding of your high or low,” says Joe Chung, realtor at Equity Union Real Estate in Palm Springs, California. This way, you know exactly how much you can borrow and under what terms.

A good mortgage lender will look closely at your finances and help you find the best rate and loan options you qualify for. With pre-approval in hand, your agent can show sellers that you’re a serious, financially qualified buyer — giving your offers more weight in a competitive market.

However, it’s important to get a formal pre-approval, not just a ballpark estimate. It gives a more accurate picture of what you can afford and positions you to act quickly on suitable properties. Having your financials fully vetted upfront ensures you’re focusing on homes truly within your budget.

Start the pre-approval process online today.

Work with an experienced real estate agent

A skilled real estate agent doesn’t only help you find homes. They know how to secure the best deal possible in a competitive market.

Evelyn Lueker, sales associate at Auker Group in San Diego, California, told us she recently helped a family save $150,000 on a home purchase. In this instance, she found the perfect home for her buyer — but it was overpriced. So, she built a strong relationship with the listing agent by conveying the value of working with her. After establishing the relationship, Lueker learned about a pending price drop before anyone else. As a result, she was able to get her client’s offer accepted within 24 hours of the price reduction — beating out other potential buyers.

By working with an experienced agent, you benefit from their market expertise and strategic negotiation skills. These advantages can help you close on the right home at a fair price, no matter the market conditions.

Visit the home the day it hits the market

In a crowded market, being first can give you a huge leg up.

Lauren Hurwitz, a New York-based licensed real estate salesperson at Compass, suggests visiting a home the day it hits the market. Then, “make a super solid offer that puts an end to open houses and showings,” she advises.

Hurwitz also emphasizes that listing agents like buyers who act fast and show confidence. Even if you aren’t 100% sure about the house, putting in a starting bid on day one “shows you have [a genuine] interest in [it],” she explains.

Plus, it doesn’t cost you anything to place a bid at this stage — you have nothing to lose by getting your name in early.

The case for buying now

Many homebuyers are waiting for lower interest rates because they think that’s the right move. But this waiting game could backfire. “As rates come down, so will supply. Prices and demand will inevitably go up,” says Lueker. That’s why she advises against counting on a rate drop — it’s better to buy a home you love now, even if the interest rate isn’t ideal.

Remember: You can refinance later if rates drop, but you can’t go back in time to buy a home you missed out on.

The bottom line

Taking action today can position you to get your dream home, even in this challenging market.

Start by picking an experienced, highly recommended realtor to guide you through the process. At the same time, consult at least three lenders to understand your financial options.

Before you start shopping for the perfect home, consider Chung’s sage advice: “[Think about] your future needs of a home, then lay [them] out like a vision board.” From there, you can approach your home search with clear priorities.

While mortgage interest rates may go lower in the coming months, waiting could lead to higher home prices, reduced inventory and fiercer competition. Weigh your options carefully, but don’t let indecision cost you opportunities.



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Beirut doctor on treating injuries from device explosions as Israel-Hezbollah tensions boil over

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Beirut doctor on treating injuries from device explosions as Israel-Hezbollah tensions boil over – CBS News


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The Israeli military on Friday said it conducted a “targeted strike” in Beirut, Lebanon, after a night that saw dozens of airstrikes in one of Israel’s most intense bombardments against the Hezbollah militant group in Lebanon. Those strikes follow Hezbollah’s leader vowing revenge for a series of deadly device explosions that targeted the group’s members this week. CBS News’ Imtiaz Tyab has a report on the situation and Dr. Salah Zeineldine, associate vice president for clinical affairs at the American University of Beirut, joined CBS News to discuss treating the injured.

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Golf: The presidential pastime that’s a nightmare for the Secret Service

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Before President William Howard Taft ever stepped on a golf course as commander-in-chief, he was cautioned by his predecessor to avoid the sport altogether. 

“I have received hundreds of letters protesting it,” then-President Theodore Roosevelt wrote to Taft, who was his secretary of war. Roosevelt warned that photo-ops of political leaders’ leisure-time activities could damage their public image. “Photographs of me on horseback, yes. Tennis, no,” he wrote. “And golf is fatal.”

Roosevelt was speaking figuratively, but the U.S. Secret Service views presidential golfing as a literal physical threat. While former President Donald Trump was on the fairway of the fifth hole at Trump International Golf Club last Sunday in West Palm Beach last Sunday, an advance agent spotted the barrel of a rifle jutting through barbed wire fencing along the tree line bordering the sixth-hole putting green. The gunman was apprehended, and the FBI is still investigating the apparent attempt on Trump’s life — the second in about two months.

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File: A secret service agent does a security sweep of the second hole as President Biden, not pictured, golfs at Joint Base Andrews in Maryland on June 4, 2023. 

JIM WATSON/AFP via Getty Images


Secret Service agents were given little time to survey the course for threats to Trump’s safety. According to two people familiar with the events, Trump’s protective detail was given roughly a 30-minute heads-up that he would play a round at his course Sunday, sending them scrambling to accommodate the unplanned outing. 

“The president wasn’t even really supposed to go there,” Acting U.S. Secret Service Director Ronald Rowe told reporters this week. “It was not on his official schedule. And so we put together a security plan, and that security plan worked.”

“Off-the-record movements”

Trump’s round of golf is what the Secret Service calls an “off the record” or unplanned movement, an outing excluded from any public schedule. It’s the kind of excursion that usually offers far less time to prepare for agents tasked with shielding a president or former president from threats. Current and former agents likened it to President Biden’s last-minute pit stops for ice cream or President Barack Obama’s unannounced visits to nearby restaurants. 

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File: President Bill Clinton takes some practice drives on the range while a uniformed Secret Service officer keeps a watch on the crowds that gathered around the course to watch at the Bellevue Country Club, August 1999, in Syracuse, New York. 

TIM SLOAN/AFP via Getty Images


“But if somebody’s going to lay down a bet in Vegas on a Sunday afternoon, they may just wager that the president’s going to play golf,” offered former Secret Service Deputy Director A.T. Smith, noting that while serving as an agent on then President Bill Clinton’s detail, he used to carry around three outfits in anticipation of his weekend ritual. 

“We’d pack one outfit to go running, one to go to church, and a third to play golf,” Smith recounted.

Presidential respite turns into crisis

Golf outings offer the commander-in chief a rare respite from the churning demands of the Oval Office, but for the Secret Service agents who must scan fairways and putting greens, the assignment is a nightmare. 

“In a perfect world, the Secret Service would rather the protectee never leave the house,” he added. “And that includes the White House.” 

That nightmare first became a reality in October of 1983, when an armed man wielding a .38 caliber pistol pummeled his truck through an unmanned security gate and rumbled into the clubhouse, holding five hostages — including two Reagan aides — while demanding to speak with the president. The Secret Service reportedly whisked Reagan off the 16th hole and into a bulletproof limousine, but not before the president phoned the clubhouse to try and negotiate with his assailant. Charles Harris served five years in jail, but no one was injured. 

A presidential putting green and namesake course 

Since Taft first pierced the “green curtain” more than a century ago, sixteen presidents have stepped onto a golf course while in office, with President Dwight D. Eisenhower carding more than 800 rounds, according to the USGA. The avid golfer installed a putting green on the White House grounds in 1954. 

Clinton — notorious for his “mulligans” — later moved it south of the Rose Garden, a short jaunt from the Oval Office, but nixed the sand bunker at the request of the U.S. Secret Service, who feared the president might knock a wedge shot through a West Wing window, according to Golf.com

Reportage: President Barack Obama and Vice President Joe Biden practice their putting on the White House putting green April 24 2009.
President Obama and Vice President Biden practice their putting on the White House putting green April 24 2009.

Hum Images/Universal Images Group via Getty Images


While in office, Trump preferred his namesake golf courses. According to a count by former CBS News White House correspondent Mark Knoller, Trump played golf at his heavily trafficked club in West Palm Beach 89 times during his presidency, with frequent outings to his other courses in Sterling, Virginia, and Bedminster, New Jersey, too. The latter suffered tens of thousands of dollars in damages back in 2017, after Clifford Tillotson allegedly used chemicals to etch anti-Trump messages in the greens, first reported by Bloomberg, at the time.

The day after Sunday’s incident at his Florida course, Rowe advised Trump during a closed-door meeting that it is unsafe for the former president to keep golfing without additional security measures, a senior official with the Trump campaign confirmed to CBS News. 

The protective bubble 

“The Secret Service isn’t authorized to protect the former president’s golf courses 24 hours a day,” said Paul Eckloff, a former Secret Service agent and assistant detail leader for Trump, who has protected him at golf courses “dozens of times,” including at the club in West Palm Beach. 

Trump’s 27-hole course, an 8-minute drive from his residence at Mar-a-Lago, features wide open spaces interspersed with rows of swaying coconut palms and a 58-foot waterfall. Those terrain features offer cover to the former president when he plays, but they also conceal potential threats, current and former agents tell CBS News. 

“On a golf course, the detail needs to stay a terrain feature ahead and a terrain feature behind to create that perimeter of protection for the former president or whoever it is that we’re protecting,” said Mike Matranga, a former U.S. Secret Service agent assigned to Obama’s detail.

But while Matranga considers Sunday’s response “a win” for the agency, he added, “The Secret Service should have had a counter surveillance or additional tactical element in that wood line with a K-9 sweeping the area,” a reference to where Ryan Routh lingered in the brush for nearly 12 hours, according to evidence retrieved by the FBI from the suspect’s cell phone. Routh currently faces two firearms charges over the incident.

During his U.S. Secret Service training, Matranga ran drills simulating an attack on a protectee at the links on Andrews Air Force Base, the same golf course where he routinely accompanied Obama for weekend rounds. 

After retiring from the agency, the 12-year-veteran of the U.S. Secret Service admitted he sold his clubs. “I never wanted to step foot on a golf course again.”

contributed to this report.





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Deadly flooding in West and Central Africa leaves corpses of crocodiles and snakes floating among human bodies

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Houses swept away to the very last brick. Inmates frantically fleeing the city’s main prison as its walls were washed away by water rising from an overflowing dam. Corpses of crocodiles and snakes floating among human bodies on what used to be main streets.

As torrential rains across Central and West Africa have unleashed the most catastrophic floods in decades, residents of Maiduguri, the capital of the fragile Nigerian state of Borno — which has been at the center of an Islamic extremists’ insurgency — said they have seen it all.

Earlier this week, Nigerian authorities said more than 270 inmates were missing after escaping from custody when severe flooding damaged a prison in Maiduguri, CBS News partner BBC reported. Borno state Governor Babagana Zulum described the extent of the damage in the area as “beyond human imagination.”

The floods, which have killed more than 1,000 people and displaced hundreds of thousands across the region this year, have worsened existing humanitarian crises in the countries which have been impacted the most: Chad, Nigeria, Mali and Niger. Over four million people have been affected by flooding so far this year in West Africa, a threefold increase from last year, according to the U.N.

With rescue operations still underway, it is impossible to give an accurate count of lives lost in the water. So far, at least 230 were reported dead in Nigeria, 265 in Niger, 487 in Chad and 55 in Mali, which has seen the most catastrophic flooding since the 1960s.

While Africa is responsible for a small fraction of global greenhouse gas emissions, it is among the regions most vulnerable to extreme weather events, the World Meteorological Organization said earlier this month. In sub-Saharan Africa, the cost of adapting to extreme weather events is estimated between $30-50 billion annually over the next decade, the report said. It warned that up to 118 million Africans could be impacted by extreme weather by 2030.

Maiduguri, the capital of Borno state, has been under significant strain. Over the last decade, Borno has been hit by a constant string of attacks from Boko Haram militants, who want to install an Islamic state in Nigeria and have killed more than 35,000 people in the last decade. 

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This aerial view shows houses submerged under water in Maiduguri on September 10, 2024. 

AUDU MARTE/AFP via Getty Images


Saleh Bukar, a 28-year-old from Maiduguri, said he was woken up last week around midnight by his neighbors.

“Water is flooding everywhere!” he recalled their frantic screams in a phone interview. “They were shouting: ‘Everybody come out, everybody come out!” Older people and people with disabilities did not know what was going on, he said, and some were left behind. Those who did not wake up on time drowned right away.

Local authorities are overwhelmed by the scale of the disaster: over 600,000 people in Borno state have been displaced, while at least 100 were killed and 58 injured, according to the U.N.

Last week, floods killed about 80% of the animals at the Borno State Museum Park and an unspecified number of reptiles escaped. Ali Donbest, who runs the Sanda Kyarimi Zoo, told the BBC that he does not know exactly how many wild animals escaped the zoo but a hunt was on to locate them. He also said the cages where the lions and hyenas were kept had been submerged by floodwaters but the zoo could not determine if they had escaped.

Maiduguri resident Ishaq Sani told the BBC his biggest fear is to come across a wild animal. He abandoned his home due to the floods and is now staying with a friend in another location.

The waters also knocked down the walls of the local police station and some of the government’s offices.

Rescue operations continue 10 days later, with some parts of the city returning to normal as waters recede.

Flooding forces woman to abandon her baby

Survivors recounted chilling scenes of bodies in the floodwaters.

Aishatu Ba’agana, a mother of three, had to abandon her recently born baby as water surging over her house overwhelmed her. “I yelled for my family to help me get my child, but I don’t know if they were able to. I haven’t seen any of them since,” she said, crying at the camp where rescue workers brought her.

The flood also destroyed crucial infrastructure, including two major dikes of a dam along Lake Alau. When the dam failed, 540 billion liters of water flooded the city. Key bridges connecting Maiduguri collapsed, turning the city into a temporary river.

Governor Babagana Zulum urgently appealed for international assistance. “Our resources are stretched to the limit, and we cannot do this alone,” he said.

The World Food Program has set up kitchens providing food to the displaced in Maiduguri as well as emergency food and cash assistance to people in the most hard-hit areas. USAID said Wednesday it has provided more than $3 million in humanitarian assistance to West and Central Africa, including $1 million provided in the immediate aftermath of the floods.

But many say they were left to fend for themselves.

Floods in mostly arid Niger have impacted over 841,000 people, killing hundreds and displacing more than 400,000.

Harira Adamou, a 50-year-old single mother of six, is one of them. She said the floods destroyed her mud hut in the northern city of Agadez.

“The rooms are destroyed; the walls fell down,” she said. “It’s a big risk to live in a mud hut but we don’t have the means to build concrete ones.”

Adamou, who is unemployed and lost her husband four years ago, said she has not received any support from the state and has not had the opportunity — or the means — to relocate. She and her children are living in a temporary shelter next to their shattered hut, and fret that the torrential rains might return.

“I understood there was a change in the weather,” she said. “I have never seen a big rain like this year here in Agadez.”

In Maiduguri, 15% of the city remains underwater, according to local authorities. As forecasts predicted more rains across the region, Nigerian authorities warned earlier this week that more floods are expected.

Bukar said he kept going back to see whether the water that swallowed his home had receded, but that has not happened. He said he has not received any aid from authorities except for some food items handed out at the local school, where he is sheltering with 5,000 others.

He is trying to stay sane by helping others. Along with his friend, he helped recover 10 bodies and rescued 25 people, rowing down the streets in a canoe. He said he’s also helping out cooking meals for those that are sheltering with him.

“I am volunteering to help, but I am also a victim,” he said. “Our people need us. They need help.”

The deadly flooding comes about five months after hundreds of people in Tanzania and Kenya died after heavy rain during the region’s monsoon season.



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