Florida Realtors President Gia Arvin said the state association “looks forward to continued opportunities for our members to provide their expertise and valued services.” ORLANDO – The National Association of Realtors® (NAR) announced a proposed $418 million settlement agreement to the Sitzer-Burnett verdict that would end litigation of claims brought by home sellers related to … Read more
Borrowing costs for average 30-year U.S. mortgages and 15-year fixed-rate mortgages dropped Thursday to levels seen in early February. LOS ANGELES — Home loan borrowing costs fell for the second week in a row, pulling the average long-term U.S. mortgage rate to its lowest level since early February — good news for prospective home shoppers … Read more
Naples and the Cape Coral-Fort Myers areas are among the top 10 metros in the United States with the highest concentration of cash buyers in 2023, the National Association of Realtors® found. WASHINGTON – Home buyers who paid cash accounted for 32% of home sales in January, marking the highest rate since 2014, the National … Read more
The Miami-Dade mayor said she will ask voters in November to approve $2.5 billion in property tax backed bonds to build much-needed affordable housing. MIAMI – Affordable housing in Miami is hard to find. Home prices rose 11% as of November 2023, according to CoreLogic, and a University of Florida housing analysis showed the Miami-Dade … Read more
One of the keys to buying a house from a distance is having a trusted agent who understands the buyer’s needs and can offer guidance along the way. NEW YORK – Prospective home buyers are widening their home search areas to find new places to live. The National Association of Realtors® (NAR) says the median … Read more
Some of the progress markers that will indicate the Fed is headed to a rate cut includes commercial property price stabilization and land and single-family development. WASHINGTON – The commercial real estate market has a lot to gain if the Federal Reserve follows through on anticipated interest rate cuts this year. It was under high … Read more
Federal investigators analyzing the 2021 Surfside condo collapse said they think there is conclusive evidence that a pool deck collapsed before the tower. A final report won’t be ready until 2025. FORT LAUDERDALE, Fla. – A federal probe into the June 2021 collapse of a Surfside condo tower that left 98 people dead continues to … Read more
While housing size is a personal preference, buyers should consider current and future needs when shopping. However, it often just comes down to affordability. NEW YORK – Potential home buyers typically have lists of requirements they would like to find in a new home. Although there are many features that are universally appreciated, certain elements … Read more
What’s the next step in proptech, or property technology? Artificial intelligence (AI), used in marketing campaigns via virtual home tours and other vital tasks. WASHINGTON – In the last two decades, the real estate industry has changed significantly. Online services make finding, buying and renting properties so much easier. Buyers and renters are no longer … Read more
NEW YORK — It’s tax season in the U.S., and for many people, filing tax returns can be a daunting task that’s often left until the last minute. But if you want to avoid the stress of the looming deadline, start getting organized as soon as possible. Whether you do your taxes yourself, go to … Read more
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