Good news 2: While the builder confidence index remains in bearish territory, it rose 4 points to 35 in Jan., suggesting Dec. was “the low point … in this cycle.” WASHINGTON – Builder confidence in the market for newly built single-family homes in January rose four points to 35, according to the National Association of … Read more
Good news 1: Wholesale prices rose 6.2% year-to-year in Dec., a drop from 7.3% in Nov. It’s the 6th straight drop and hopefully suggests some stability going forward. WASHINGTON (AP) – Wholesale prices in the United States rose 6.2% in December from a year earlier, a sixth straight slowdown and a hopeful sign that inflation … Read more
The office market is in a state of flux, and future demand relies on factors that have not yet played out. As a result, investors are considering other commercial areas. NEW YORK – Many of the most prominent office developers in the United States are shifting gears, looking to buy or build real estate that is … Read more
The big goal: Entice people to tune in for every episode. It’s a tall order that starts with showing the real you – or at least seeming to – and telling real-life stories. CHICAGO – When creating a real estate podcast, content should be engaging and make people want to tune in for every episode. … Read more
FAU: Fort Myers metro renters pay 18.05% above long-term trends, along with Miami, North Port, Jacksonville and five Central Fla. metro areas. TAMPA, Fla. – The rent cost is high, and has been for a while, especially in Florida. As housing costs remain a significant driver of overall inflation, a new study by Florida Atlantic … Read more
Congratulations to those recognized for their influence, inspiration, innovation, decision-making and leadership in the real estate industry across the nation. ORLANDO, Fla. – The annual Swanepoel Power 200 – named for T3 Sixty Chairman and CEO Stefan Swanepoel – rates real estate’s leaders across the nation. The just-released list for 2023 includes Realtor® association leaders, … Read more
S. Fla. demand for short-term rentals entices more RE investors to offer them, but, according to an FAU report, that helped pushed rents higher for year-round residents. MIAMI – South Florida renters can partly blame high home rents on the popularity of short-term rentals in the region, according to a new report from a Florida … Read more
An open house is a listing generator. Network with potential clients during the open house, but also canvas the neighborhood beforehand and meet the neighbors. NEW YORK – Open houses should be seen as listing lead generators. In addition to advertising a current listing, it gives agents an opportunity to meet the neighbors, pick up … Read more
NEW YORK – Wells Fargo & Co. confirmed Tuesday it is shrinking the size of its home-lending serving business as part of retrenching what had been the nation’s largest mortgage provider. Bloomberg News reported in an Aug. 14 article that Wells Fargo was pulling back from providing funds for mortgage loans made by third-party lenders, … Read more
A Manalapan home sold for $173M in June – possibly the largest deal ever closed in Fla. – and a Coconut Grove sale brought in over $106M. ©Florida Realtors® Source link
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