Economist Lawrence Yun predicts that home sales will rise by 15% next year, and by spring, mortgage rates will hover in the 6% to 7% range. ANAHEIM, Calif. – National Association of Realtors® (NAR) Chief Economist Lawrence Yun looked the current state of the U.S. residential real estate market and shared his 2024 outlook yesterday … Read more
FORT LAUDERDALE, Fla. – After Rich Engels’ mother died earlier this year, Engels decided to sell her condo unit in Sunrise Lakes Phase 4. He lined up a buyer, but he said the deal fell apart after the lender learned that the condo building had no wind insurance. Lenders won’t approve mortgage loans on buildings … Read more
Gas, cars and airfare cost less last month. Prices rose 3.2% year-to-year in Oct. – still higher than the Fed’s 2% goal – for the smallest increase since June. WASHINGTON (AP) – Inflation in the United States slowed last month in a sign that the Federal Reserve’s interest rate hikes are continuing to cool the … Read more
Gov. Ron DeSantis signed bills passed during the recent special session, including up to $10K for owners to harden homes and more aid for Hurricane Idalia victims. TALLAHASSEE, Fla. – On Monday, Gov. Ron DeSantis signed four bills passed during a special legislative session last week, including measures to fund the My Safe Florida Home … Read more
A super-sized team ups the chances that someone can handle any buyer that comes your way, but a niche-focused team can dominate a specific market area. NEW YORK – Real estate teams are flexing their might in today’s market, using economies of scale to gain a competitive edge. As agents consider switching to this model, … Read more
ATLANTA (AP) – Along a busy Atlanta residential road, a 68-year-old Vietnam War-era Army veteran has found what he calls a “match made in heaven.” Harold Tilson Jr. found himself homeless earlier this year but for the past few months has been living in transitional housing run by the nonprofit Veterans Empowerment Organization, or VEO. … Read more
More people are adding property investments to their retirement portfolios. If added cautiously, it can be a viable hedge against the volatility of stocks and bonds. NEW YORK – In light of the uncertain and volatile nature of investment markets, many individuals are seeking to enhance their retirement savings beyond employee pension funds or retirement … Read more
Don’t ignore social media and newer forms of marketing, but getting out into the community and holding open houses can be more effective tools for lead generation. NEW YORK – Real estate agents who need clients should run toward – not from – tried-and-true marketing techniques, says Alex Adabashi, a Las Vegas real estate broker … Read more
YANKEETOWN, Fla. (AP) – A freshwater spring bubbles amid the mangroves, cabbage palms and red cedars on Sweetheart Island, a two-acre uninhabited patch of paradise about a mile off the coast of this little Gulf Coast town. Pelicans divebomb nearby into the cool waters of Florida’s Withlacoochee Bay and the open view westward holds the … Read more
The National Association of Home Builders’ 3Q affordability study found that just 37.4% of Americans can afford a median-priced home in their metro area. WASHINGTON – Rising mortgage rates, elevated construction costs and limited existing inventory helped push housing affordability in the third quarter (3Q) of 2023 to its lowest level in more than a … Read more
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