More inventory potentially hitting the market paired with stabilizing interest rates allows buyers some breathing room, NEFAR president says. JACKSONVILLE, Fla. – According to Northeast Florida Association of Realtors data, the median price for a single-family home increased over $23,000 between January and December last year, with the median price ending the year at $384,750, … Read more
OpenAI’s new text-to-video generator, called Sora, produces high-quality videos that have astounded observers. SAN FRANCISCO – San Francisco-based OpenAI’s new text-to-video generator, called Sora, isn’t the first of its kind. Google, Meta and the startup Runway ML are among the other companies to have demonstrated similar technology. Links to /news-media/news-articles/2024/02/ai-adoption-reshaping-real-estate Artificial intelligence use is on … Read more
Regulators OK’d a plan for insurer Condo Owners Reciprocal Exchange to assume up to 400 “commercial residential” policies – that cover condo buildings – from Citizens. TALLAHASSEE, Fla. – Florida regulators last week approved a plan that could lead to condominium-association policies leaving the state’s Citizens Property Insurance Corp. The plan will allow insurer Condo … Read more
NEW YORK – In back-to-back months, Mr. Cooper and LoanDepot — two of the nation’s largest mortgage lenders — made headlines for experiencing cyberattacks that exposed the data of more than 30 million people combined. Mortgage lenders haven’t been the only recent targets. Title insurance companies Fidelity National Financial and First American Financial each experienced … Read more
Rates on 30-year mortgages ticked up this week, but forecasters remain optimistic they will hover around 6% by the end of the year. LOS ANGELES — The average long-term U.S. mortgage rate rose this week to its highest level in 10 weeks, a setback for prospective homebuyers ahead of the spring homebuying season. The average … Read more
NEW YORK — Money might not be the most romantic topic for Valentine’s Day, but talking about finances with your significant other is a key element of a healthy relationship. Money problems are one of the most common reasons couples separate, said Emily Simonian, head of clinical learning at Thriveworks, a mental health company. In … Read more
Buyers with good credit scores have a better chance at lower mortgage rates. Here are some tips for improving those scores. NEW YORK – If you intend to buy a new home, or if you intend to take out a loan in the near future for any other reason, you obviously want to have the … Read more
A Valentine’s Day surprise: Love does not just prompt home buying, but home buying appears to prompt love as well, a recent survey found. ©Florida Realtors® Source link
Just because someone isn’t financially responsible doesn’t make them a bad fit for a relationship or marriage, one expert said. You could work on improving your finances together. NEW YORK – Discussing credit scores with your partner isn’t anyone’s idea of pillow talk. But the conversation can provide important clues about your beloved’s history with … Read more
The White House launched its AI Safety Institute Consortium (AISIC) to address key aspects of artificial intelligence (AI). WASHINGTON – More than 200 top AI stakeholders have signed up to a consortium to agree to the responsible development and deployment of artificial intelligence. Secretary of Commerce Gina Raimondo announced the creation of the U.S. AI … Read more
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