NAR: Existing-home sales in the South rose 5.6% from October to an annual rate of 1.87 million in November, up 3.3% from one year before. WASHINGTON — Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – improved 4.8% from October to a seasonally adjusted annual rate of 4.15 million … Read more
The trend in increasing number of excess bedrooms is driven by both declining household sizes and by an increase in the number of bedrooms per home. SANTA CLARA, Calif. — Although your home might feel tight this holiday season, nationally, the number of extra bedrooms, defined as a bedroom that is in excess of the … Read more
Incoming Florida Realtors President Weisheyer said his career has been shaped by a focus on making a positive impact, among other key leadership principles. ORLANDO, Fla. — Tim Weisheyer, 2025 Florida Realtors® president and CEO of Dream Builders Realty and dbrCommercial Real Estate Services in Central Florida, spoke to RealTrending podcast host Tracey Velt about … Read more
Florida Realtors Chief Economist: Nov. saw a post-hurricane rebound for new listings, new pending sales. New listings, single-family up 7.2%; condos, up 5.4%. ORLANDO, Fla. — In November, Florida’s housing market had more new listings and higher inventory levels (active listings) compared to a year ago, while statewide median sales prices continued to ease, according to … Read more
A government shutdown may pause NFIP renewals, FHA loans and other real estate activity. NAR called on Congress to prevent the disruption. WASHINGTON – The potential partial government shutdown would impact the Federal Housing Administration (FHA), National Flood Insurance Program (NFIP), mortgages and other industries related to the real estate industry. The National Association of … Read more
The average rate on 30-year mortgages rose to 6.72% from 6.6%. Borrowing costs on 15-year fixed-rate mortgages rose to 5.92% from 5.84% last week. WASHINGTON — The average rate on a 30-year mortgage in the U.S. rose this week to its highest level since late November, reflecting a recent uptick in the bond yields that … Read more
The Fed cut rates for the third time in 2024 but signaled slower reductions ahead, citing persistent inflation and economic uncertainties. WASHINGTON — The Federal Reserve cut its key interest rate Wednesday by a quarter-point – its third cut this year – but also signaled that it expects to reduce rates more slowly next year … Read more
The Code of Ethics has evolved with the industry for 100+ years. Here’s what’s new for 2025. Dear Shannon: I’m our board’s Professional Standards Administrator. I know the Code of Ethics has been around for over 100 years, the Code of Ethics and Arbitration Manual (Manual) changes along with the industry and, if there are … Read more
Florida remains a top migration leader, though new trends show issues like housing costs and career pathways as areas to address for future growth. TALLAHASSEE, Fla. — Florida gained a net total of 126,000 residents from other states in 2023, marking the first major decline in net migration in a decade, the Florida Chamber Foundation … Read more
NEW YORK — Business expenses are the ordinary and necessary costs required to run a business. Any money spent in the name of doing business can be categorized as a business expense. Every company incurs expenses in the course of doing business. Common examples of business expenses include the cost of goods and services, everyday … Read more
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