Even though millionaires have more options than average American buyers, many see renting as a better investment for now. NEW YORK – Across the United States, the number of millionaire renters is increasing because, they say, the high-quality, reasonably priced homes are hard to find. According to census data analyzed by The Wall Street … Read more
Renters are looking for luxury living with convenience and safety. Some new tech devices and home features fit the bill. CHICAGO – Many real estate agents have a portfolio of investment clients that they help. Whether it’s managing an investment portfolio for a client and ensuring their properties are rented out and taken care of … Read more
ORLANDO, Fla. – Florida Realtors® released six forms translated into Spanish to help Spanish-speaking buyers better understand the recent practice changes, providing Realtors® with additional resources to further build customer trust. Links to /law-ethics/nar-settlement-sitzer-burnett-lawsuit The resources you need to do business in the post-NAR settlement real estate industry. Learn more ► The forms are only … Read more
Analysts say many borrowers are waiting for affordability to improve and mortgage rates to decline. They anticipate rates will average 5.7% by late 2025. WASHINGTON – Despite a significant decline in mortgage rates and improved supply in some parts of the country, existing home sales are not expected to pick up meaningfully through the remainder … Read more
The average long-term rate fell to 6.09% from 6.20% last week and 7.19% a year ago, Freddie Mac said. Borrowing costs on 15-year fixed-rate mortgages fell to 5.15%. WASHINGTON – The average rate on a 30-year mortgage in the U.S. edged closer to 6% this week to its lowest level since early February 2023. The … Read more
NEW YORK – The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses. On Wednesday, the Fed announced that it reduced its key rate by an unusually large half-percentage point, to between 4.75 and 5%, … Read more
UM research: 21% of all new housing built in Fla. over past 20 years are in floodplains, which raises flooding concerns. But that figure is actually less than expected. MIAMI – A nationwide analysis of community-level floodplain development found that over two-million acres of floodplain were developed over the past two decades across the United … Read more
WASHINGTON – Bipartisan efforts to ban TikTok nationwide will be scrutinized Monday by a federal appeals court tasked with weighing whether axing the social media giant’s U.S. presence runs afoul of the First Amendment. The social media platform and a group of content creators have sued over a new law that could ban the app, … Read more
Mortgage-rate locks for second homes have dropped 13% since last summer – more than twice as much as rate locks for primary homes, Redfin reported. SEATTLE – Mortgage-rate locks for second homes fell 13.1% year over year in August to the lowest level since March 2016 on a seasonally adjusted basis, according to a new … Read more
Consumer sentiment edged higher for the second month and is at its highest level since May, according to the University of Michigan. WASHINGTON – Americans’ outlook on the economy improved for the second straight month in September, bolstered by lower prices for long-lasting goods such as cars and furniture. The University of Michigan’s consumer sentiment … Read more
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