South Florida Real Estate

Experts say homeownership and estate planning can help close the wealth gap, which can protect assets for future generations. KEY WEST – A home is often the most valuable asset a family can own. It serves as a wealth-generating opportunity for current and future generations as the home’s value appreciates over time. Yet, for hundreds … Read more

Marketing your real estate team on social media is as important as individual social media marketing, professionals say. NEW YORK – Social media isn’t just important for individual real estate professionals. Real estate teams need to take part as well for brand awareness and career advancement. Competition in the industry is tight, but having solid … Read more

Freddie Mac says mortgage rates slid to the lowest level since May, “economy remains on firm ground with solid growth.” WASHINGTON (AP) – The average long-term U.S. mortgage rate retreated for the ninth week to reach its lowest level since May. The average rate on a 30-year mortgage dipped to 6.61% from 6.67% last week, … Read more

Forewarn, offered free to Florida Realtors members starting tomorrow, is a proactive approach to personal, professional and online safety.   ORLANDO, Fla. – Florida Realtors® announced Forewarn – an instant identity verification and risk assessment tool that provides information in seconds – launches tomorrow, Jan. 3, providinag the state’s Realtors with an added level of … Read more

The National Home Builder’s Association also said apartment and condo starts increased 6.9%. WASHINGTON – New single-family home construction hit an unexpected high in November, bolstered by strong demand and lower interest rates, the National Association of Home Builders (NAHB) said Tuesday. Overall housing starts increased 14.8% in November to a seasonally adjusted annual rate … Read more

Self-promotion without sounding self-centered is important to maintaining a thriving business. NEW YORK – Nikki Beauchamp, an advisor with Sotheby’s International Realty in New York City, says self-promotion is important for real estate professionals, but they need to balance showcasing their expertise while maintaining authenticity and nurturing genuine connections with clients and peers. Beauchamp recommends … Read more

Florida Realtors: Florida’s single-family closed sales up 4.2% YOY, median price up 3.3% ($413K). Condo sales up 0.3%, median price up 7.5% ($330K); new listings also up. ORLANDO, Fla. – Florida’s housing market reported more new listings and higher statewide median sales prices in November compared to the previous year, according to Florida Realtors®’ latest … Read more

Freddie Mac sees short-term headwinds – a high supply and moderating economic growth – but a positive long-term outlook for 2024. MCLEAN, Va.—The year ahead in the multifamily industry will see positive growth despite continued headwinds and a positive long-term forecast, Freddie Mac said in its 2024 Multifamily Outlook released Wednesday. The Outlook indicates an … Read more

NAR’s chief economist says home prices keep moving higher. The median home sale price in the South was up 3.4% from last year to $351,500. WASHINGTON – Existing-home sales grew in November, breaking a streak of five consecutive monthly declines, according to the National Association of Realtors® (NAR). Among the four major U.S. regions, sales … Read more