WASHINGTON — None of the country’s 50 largest housing markets offer affordable rent for workers who earn the federal minimum wage, says a new Clever Real Estate study. Buffalo, N.Y., has the most reasonable rent, although it takes 39% of a renter’s monthly income, far more than the commonly used 30% affordability threshold. Full-time workers … Read more
The Hometown Heroes Housing Program helps Floridians achieve homeownership with zero-interest loans for down payments and closing costs. TALLAHASSEE, Fla. — Affordable housing remains a top concern nationwide, especially in Florida, where high interest rates, limited inventory and rising home prices have made the dream of homeownership a challenge for many. Recognizing this, Florida Realtors®, … Read more
The average rate on 30-year mortgages fell from 6.69% last week to 6.6%, the lowest level since Oct. 24. The rate on 15-year fixed-rate mortgages fell to 5.84%. NEW YORK — The average rate on a 30-year mortgage in the U.S. eased for the third week in a row, welcome relief for prospective homebuyers during … Read more
Two new guides – Agency and Non-Agency Relationships and The Appraisal Process – help customers make informed decisions and highlight a Realtor’s value. ORLANDO, Fla. — The latest Consumer Guides by the National Association of Realtors® clarifies the difference between agency and non-agency relationships between buyers, sellers and real estate professionals and outlines the appraisal … Read more
Florida housing markets are set for 2025 growth with affordable homes, new construction and their appeal to younger, diverse buyers, Realtor.com said. SANTA CLARA, Calif. — Nine metro areas in Florida rank among the top 100 U.S., housing markets that are primed and ready for growth in 2025, standing out for their affordability, inventory gains driven … Read more
When deciding on a second home, consider the cost of the home purchase and the ongoing and ancillary expenses, such as upkeep and travel to and from the home. NEW YORK — Owning a vacation home can be an enticing prospect. When you shift from tourist to homeowner in a location you love, it’s easier … Read more
Add touches of red and 1970s flair to make your holiday decorating more eye-catching this year. Don’t forget nostalgic touches and oversized decorations. CHICAGO — Holiday decor trends this year are channeling bright red Christmas trees and the 1970s. The latest holiday decorating trends may be considered even merrier and brighter, as they fall more … Read more
The Fed chair said inflation is coming in higher than predicted. For those who can buy, house shopping while others are holiday shopping could be a smart move. NEW YORK — Mortgage interest rates managed to string together two consecutive weeks of decreases for the first time since September. The week ending Dec. 5, the … Read more
A Citizens Property Insurance official said reforms passed by the Legislature are continuing to stabilize the market and depopulation efforts are progressing. TALLAHASSEE, Fla. — Changes to Florida laws — including a provision making it harder for policyholders to sue insurance companies — are working as intended to help bring the state’s property-insurance market … Read more
Real estate Q&A: Yes, but it requires more planning and take precautions. Someone you trust could act on your behalf, or there are remote online notarization options. FORT LAUDERDALE, Fla. — Question: We want to sell our condo in Florida, but traveling is getting more difficult because of our age. Is it possible to do this … Read more
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