The rate on 30-year mortgages fell to 6.96% from 7.04% last week, Freddie Mac said. Borrowing costs on 15-year mortgages dropped to 6.16% from 6.27%. NEW YORK – The average rate on a 30-year mortgage in the U.S. eased this week to just below 7%, its first decline after climbing five weeks in a row. … Read more
NEW YORK — With stylish features and floor plans, many of today’s manufactured homes break the old “mobile home” stereotype — without breaking the bank. On average, new manufactured homes cost about a third of the price of site-built homes, reports the Manufactured Housing Institute, a trade group. Factory construction lowers material and labor costs, … Read more
More supply is helping ease the high demand seen during the height of the pandemic years, Realtor.com said. SANTA CLARA, Calif.— For the 17th consecutive month, rents declined in December, falling by -1.1% year over year to a median of $1,695, according to the Realtor.com December Rental Report released today. This is the first time … Read more
Real estate pros who overcome common fears like public speaking, networking and client ghosting can increase their business and see greater success. CHICAGO — Most real estate professionals all have that one thing they absolutely don’t want to do: public speaking, door-knocking, networking. The reality is that not partaking in certain aspects of the business … Read more
Sentiments towards homeownership remain positive as Americans identify it as a life goal. Many think it’s important to build long-term wealth. SANTA CLARA, Calif. – The American Dream is alive and thriving, according to a new survey from Realtor.com, which found nearly two out of three Americans (64%) identify homeownership as one of their life … Read more
To grow a small business, focus on customer trust and satisfaction, a strong digital footprint and a positive workplace culture, among other priorities. NEW YORK — As we step into the new year, small business owners are gearing up to navigate an evolving landscape. Scaling operations and ensuring long-term sustainability remain top priorities, but achieving … Read more
Overall housing starts increased 15.8% in December to a seasonally adjusted annual rate of 1.50 million units, HUD said. WASHINGTON — Fueled by solid demand, single-family construction moved higher in December despite several headwinds facing the industry, including high mortgage rates, elevated financing costs for builders and a lack of buildable lots. Overall housing starts … Read more
Seven cities in Florida saw 10-year increases in home prices of more than 190%, according to a study, which is about twice the national average. TAMPA, Fla. — Tampa and St. Petersburg are among the cities that have seen the largest increase in home prices over the last 10 years, according to a study from … Read more
Looking for insights into real estate trends for 2025? Find out from Florida Realtors chief economist at Real Estate Trends on Jan. 31 at the Mid-Winter Biz Meetings. ORLANDO, Fla. – Real estate drives Florida’s economy, and knowing what market trends may be on the horizon helps policymakers, residents and Realtors® plan ahead. During the upcoming … Read more
Areas that include Longboat Key, Boca Raton and Inlet Beach near Destin have seen luxury-market growth in the last year. TAMPA, Fla. — Affordability and supply concerns have hindered the housing market, but the luxury sector has grown significantly and is poised for another strong year. The Business Journals’ Hottest Housing ZIP codes near Cape … Read more
© 2025 Galleria International Realty
