NEW YORK — The Federal Reserve’s third interest rate cut of the year will likely have consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses. But with inflation pressures still elevated, the Fed indicated in mid-December that it’s likely to cut rates more gradually in 2025 than it … 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
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
October existing home sales rose 1.6% month over month and are on track to finish this year higher than last year. SEATTLE — Existing home sales rose 1.6% month over month in October — the biggest gain since January 2022 — to a seasonally adjusted annual rate of 4,179,346, according to a new report from … Read more
A survey shows 29% of Americans said real estate was their top pick for investing money they won’t need for at least 10 years. NEW YORK — Investors look for various opportunities they hope will help them grow their wealth. Some invest in the stock market directly by buying stocks and bonds, while others choose … Read more
ORLANDO, Fla. — The news rippled through Treasure Island, Florida, almost like a third storm: The mayor planned to move off the barrier island a month after Hurricane Helene flooded tens of thousands of homes along the Gulf Coast and two weeks after Hurricane Milton also ravaged the state. Mayor Tyler Payne’s home had been … Read more
Home sellers who don’t use an agent are twice as likely as agent-assisted sellers to be unhappy with the results of their sale, says a study from Clever Real Estate. CRYSTAL RIVER, Fla. – Home sellers who choose to work without a real estate agent are twice as likely as agent-assisted sellers to be unhappy … Read more
WASHINGTON – Bipartisan efforts to ban TikTok nationwide will be scrutinized Monday by a federal appeals court tasked with weighing whether axing the social media giant’s U.S. presence runs afoul of the First Amendment. The social media platform and a group of content creators have sued over a new law that could ban the app, … Read more
Only 19% of baby boomers think they could have afforded a home in a market like today’s, yet 71% believe younger generations could if they didn’t spend frivolously. ST. LOUIS – Just 15% of current baby boomer homeowners expect to sell their homes in the next five years, while more than half (54%) never plan … Read more
Consumers expect rates and home prices to decline in the coming year but they remain cautious about the market and affordability. WASHINGTON – Consumers reported significantly greater optimism about the future direction of mortgage rates despite showing little change in overall homebuying sentiment, according to Fannie Mae Home’s Purchase Sentiment Index, which increased 0.6 points … Read more
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