Nationally it’s 13%, but in Fort Lauderdale it’s 28% – the highest in the U.S. In Miami, a first-time buyer needs to earn 25% more than they did a year ago. SEATTLE – A first-time homebuyer must earn roughly $64,500 per year to afford the typical U.S. “starter” home, up 13% ($7,200) from June a … Read more
Agents work hard to set themselves apart from the crowd, and an easy-to-recognize brand uses logos, colors, graphics and styles across all marketing platforms. NEW YORK – Real estate brands can stand out through a strong, well-designed visual identity. Visual identity is an inclusive look for your brand that extends to all produce. It includes … Read more
More economists now think the U.S. will avoid a recession, in part because the downturn affects high-earning workers more and it isn’t affecting all industries. ©Florida Realtors® Source link
$85M in funding for HUD will reduce barriers, such as zoning restrictions, that have “become a hurdle to increasing the supply and density of affordable housing.” WASHINGTON – The White House is taking steps aimed at increasing the supply of affordable housing while also bolstering protections for renters. The housing measures announced Thursday include providing … Read more
While properties under HUD may be directly affected, five federal agencies “strongly encourage” some changes, such as a public posting of renters’ rights. WASHINGTON – In January, President Biden released the Blueprint for a Renters Bill of Rights, which outlines principles and best practices at the federal, state and local level to strengthen tenant protections and … Read more
In 2Q 2023, Fla. remained a top go-to state, with the lion’s share relocating from New York, but Chicago provided more buyers for Cape Coral, No. 7 on the list. SEATTLE – A record one-in-four national homebuyers (25.5%) searched for homes in metros outside their current state in the in the second quarter, up from … Read more
A very general rule of thumb: Half an agent’s income should come from representing sellers. If that’s not you, here are things to consider. NEW YORK – Real estate professionals should ensure that at least half their business comes from listings. Obstacles they may face include: Insufficient market knowledge: When working with listings, agents need … Read more
Observers looked for clues on whether the Fed will raise interest rates again later this year, and the Fed seemed to imply it was likely, but not a sure thing. WASHINGTON – The U.S. Federal Reserve on Wednesday raised its benchmark interest rate by another 0.25 percentage point following a pause in June, recognizing the … Read more
Confident Americans spend money, and July’s confidence index rose to 117.0 from 110.1 in June. Outlooks rose for both current conditions and future expectations. BOSTON – Consumer confidence hit its highest level in two years – since July 2021 – after the second straight month of increases. In July, the Conference Board Consumer Confidence Index … Read more
What’s happening today that will influence the commercial RE market tomorrow? The rise of e-commerce, evolving work models, repurposing, new technology and more. NEW YORK – The commercial real estate sector is constantly evolving, shaped by economic shifts, interest rate movements, technological advancements and disruptions like the pandemic and changing consumer behaviors, with forecasters predicting … Read more
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