There’s an interest uptick in reverse mortgages, notably from older adults on fixed incomes coping with inflation. They can be a good option – but also a bad one. TUCSON, Ariz. – If you watch any television, you’ve likely seen well-known voices, like actor Tom Selleck, touting reverse mortgages as a valuable tool for anyone in … Read more
The GAO found that federal offices have challenges like the private sector. In comparing building capacity to employees, none used over 50% and some used only 9%. WASHINGTON – The Agriculture Department is headquartered at the gateway between Washington and Virginia in a building rich with history – but on any given day, roughly 90% … Read more
A Yale U. study found only 3 out of 4 Americans (74%) share that belief, and the study’s author says it may be due to Fla.’s “hurricanes and other extreme weather.” BOCA RATON, Fla. – Floridians are more convinced that climate change is happening than Americans as a whole, and they more strongly support steps … Read more
How hard is it to find the perfect home? If it has the right location and price, 7 out of 10 homebuyers are willing to overlook poltergeist shenanigans. JACKSON, Ga. – Potential homebuyers don’t mind a scare as long as it’s in their dream home. A new Zillow survey finds that 67% of potential homebuyers … Read more
Albany, N.Y., homes went under contract in 8 days in Sept., followed by Rochester (9) and Grand Rapids, Mich. (9). In 8 Fla. metros, it ranged from 25-58 days. SEATTLE – The U.S. supply-demand balance for real estate has shifted over the past year. In Albany, N.Y., the typical home sold in September went under … Read more
It’s a slight gain, but NAR’s chief economist says pending sales “remain at historically low levels.” Year-over-year, pending transactions were down 11%. WASHINGTON – Pending home sales rose 1.1% in September, according to the National Association of Realtors® (NAR). Three of the four regions tracked – the Northeast, Midwest and South – posted monthly gains … Read more
The My Safe Florida Home program has more applications than funding, but the Legislature may consider more money during a recently scheduled special session. TALLAHASSEE, Fla. – Talks are ongoing in advance of a special legislative session about how much money would be needed to reduce a backlog of grant applications from Floridians looking to … Read more
Life is more fun in Fla., a concept made flesh by “Florida Man” – the guy always doing something crazy. Now a St. Augustine “game” will make him real. ©Florida Realtors® Source link
MIAMI – Home prices in Miami-Dade County fell for the third month in a row in September, giving breathing room to aspiring buyers on tight budgets who have waited months on the sidelines. Median sales prices dropped last month to $600,000 for single-family houses and $415,000 for condominiums, from $620,000 and $416,000, respectively, in August, … Read more
Mortgage Bankers’ 3Q report finds office mortgage-delinquency rates passing retail and hotel – but multifamily and industrial delinquencies remain below 1%. WASHINGTON, D.C. – The commercial real estate industry is facing some unique challenges. In addition to rising loan rates, there’s a lot of uncertainty over future demand, such as whether the office market will … Read more
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