As mortgage rates retreat from 23-year highs, home loan applications rose 16% last week, the highest level in two years. Refinancings were up 60% vs. a year ago. LOS ANGELES (AP) – A recent pullback in mortgage rates is spurring more homeowners to refinance their home loan and lower their monthly payments. The Mortgage Bankers … Read more
Realtors aware of the gap between purchasing power and median sale prices in many Florida markets can better assist buyers by finding alternatives. ORLANDO, Fla. – Typically, the most important question prospective homebuyers need to answer is how much they can afford each month. This number then translates into their “purchasing power”, or how much … Read more
CHICAGO – Although limited housing inventory, rising home prices and high mortgage rates have pushed existing-home sales to a 30-year low, a market turnaround is coming in 2025, Lawrence Yun, chief economist for the National Association of Realtors®, predicted during NAR’s latest Real Estate Forecast Summit. He said mortgage rates will likely fall in the … Read more
Mortgage rates dropped to their lowest level in months. Four Florida cities lead the nation with biggest YoY median sale price increases and new listings. SEATTLE — The typical U.S. homebuyer’s monthly housing payment was $2,722 during the four weeks ending July 14, $115 lower than April’s all-time high, according to a new report from … Read more
NEW YORK – In most service-oriented industries, customers want to work with professionals who can prove they’re up to the task, whatever it may be. Customers want to understand what they’re paying for, and professionals must be able to articulate their expertise. This is – and has always been – true in real estate, but … Read more
CHICAGO – When decorating a home, poor planning for the size of the space, such as ordering a rug that’s too big or small, is a common mistake. B2C Furniture, a sustainable furniture firm, crunched social media data to identify the most common furniture mistakes young adults make when outfitting a home for the first … Read more
Buyers shouldn’t wait for mortgage rates to drop dramatically this year, experts say. Rather, they can benefit from the wider selection of homes on the market. LOS ANGELES – The housing market shows few signs of busting out of its three-year funk after a disappointing spring season and amid a gloomy outlook for the summer … Read more
About 1 in 6 Americans fall into the Sandwich Generation – taking care of children and parents at the same time. Many receive financial help to afford a home. SANTA CLARA, Calif. – According to new research from Realtor.com, 17% of Americans say they are taking care of their children (under 18) and parent(s)/grandparent(s) at … Read more
NEW YORK – Black toilets, wall-to-wall carpet, and all-white bathrooms are a few design sins we’re here to save you from. Designing and decorating your bathroom can be tricky. Unlike other rooms, your bathroom is constantly at the mercy of excess moisture. It’s also where most people begin their mornings, end their evenings, find some … Read more
The new budget includes significant funding linked to Florida Realtors’ legislative priorities, including $100 million for the Hometown Heroes Housing Program. The new budget includes significant funding linked to Florida Realtors Legislative priorities, including $100 million for the Hometown Heroes Housing Program. TALLAHASSEE – Gov. Ron DeSantis signed Florida’s 2024-2025 Fiscal Year budget on Wednesday, … Read more
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