The average rate on a 30-year mortgage has increased for five consecutive weeks and is at 7.22%, the highest since November 30. LOS ANGELES — The average rate on a 30-year mortgage climbed this week to its highest level in more than five months, pushing up borrowing costs for prospective homebuyers in what’s typically the … Read more
Responses to the nationwide survey said Americans remain concerned about high prices, particularly for food and gas. WASHINGTON — U.S. consumer confidence deteriorated for the third straight month as Americans continue to fret about their short-term financial futures with prices and interest rates still elevated. The Conference Board, a business research group, said Tuesday that … Read more
Modern features, such as soapstone countertops and beverage centers, signal to buyers the home is either new or recently remodeled. NEW YORK – Home buyers are willing to pay more for a backyard decked out with all the bells and whistles. New Zillow research finds homes equipped with an outdoor TV command 3.1% more than … Read more
LGBTQ+ individuals were most likely to say they have experienced discrimination. But only 42% of respondents thought fair housing impacts them or their families. SEATTLE – Most people say they have experienced housing discrimination, with younger generations, renters, LGBTQ+ people and people of color more likely to say fair housing is an issue facing them … Read more
How should neighbors deal with unruly tenants in a townhome community? Focus on the individuals causing the problem. ©Florida Realtors® Source link
Nearly 50% of luxury homes purchased from December to February were all-cash sales because wealthy buyers have more financial flexibility. LOS ANGELES — Well-heeled home shoppers are increasingly paying cash, helping turbo-charge price gains for the most expensive U.S. homes. The median sale price of luxury homes, or those valued in the top 5% of … Read more
Video marketing helps create a strong online presence, which is essential to buyers who use the internet. The first step to making great videos is getting past fear. CHICAGO – Just like 360-degree tours, using video as part of your overall marketing strategy isn’t a luxury anymore. It’s a necessity. Video marketing is the cornerstone … Read more
Properties typically remained on the market for 33 days in March, down from 38 days in February but up from 29 days in March 2023. WASHINGTON – Existing-home sales slipped in March, according to the National Association of Realtors®. Among the four major U.S. regions, sales slid in the Midwest, South and West, but rose … Read more
MLSs and brokerages seeking to be released under the settlement agreement must act by June 18, NAR said. WASHINGTON – On Tuesday, the U.S. District Court for the Western District of Missouri granted preliminary approval of the National Association of Realtors®’ proposed settlement agreement that would end litigation of claims brought on behalf of home … Read more
The budget items include funding for water quality improvements and Everglades restoration and was a Florida Realtors’ priority for the 2024 session. WEST PALM BEACH, Fla. – Gov. Ron DeSantis said Monday he will approve $1.5 billion directed towards Everglades cleanup that was included in the budget for the fiscal year that begins July 1, … Read more
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