Sales of newly built, single-family homes in February increased 1.8% thanks to slightly lower mortgage rates. Inventory was up 7.5% compared to a year earlier. WASHINGTON — A slight decline in mortgage rates and limited existing inventory helped new home sales to edge higher in February even as housing affordability challenges continue to act as … Read more
NAR’s new Consumer Guide explains homeowners associations (HOAs), covering fees, rules and other important information, helping buyers make informed decisions. ORLANDO, Fla. — Living in a community with a homeowners association comes with benefits and responsibilities that may be unfamiliar to buyers, particularly to first-time owners. HOAs are designed to maintain the standards and integrity … Read more
Home staging boosts appeal and value, with 81% of agents saying it helps buyers visualize a home. Effective staging may help sell homes faster and at higher prices. NEW YORK – Home staging and detailed checklists can help real estate professionals prepare a home for listing. The more agents understand staging, the better prepared they … Read more
This year will see IoT, digital twins and AI reshape real estate. These technologies will improve home design, predict trends and create smarter, more efficient homes. CHICACO — Let’s be honest, 2024 felt like a roller-coaster ride for the real estate industry. At its peak, we saw home prices soar; but chronically low market inventory … Read more
NAR’s latest Consumer Guide provides an overview of property taxes, exemptions, reassessments and more to help buyers and sellers navigate real estate transactions. ORLANDO, Fla. — Property taxes are one of the expenses associated with homeownership, yet many buyers — especially those purchasing for the first time — have questions about how they work. The … Read more
Realtors must have written agreements with buyers before home tours. ERS and EBBA updates include conditional vs. unconditional termination options. ORLANDO, Fla. — Now that we’re in a post-NAR settlement landscape, if a Realtor® or MLS participant is working with a buyer, they will need a written agreement prior to touring a home. Florida Realtors® … Read more
NAR’s “Preparing for Homeownership” guide helps buyers explore home choices, down payment options, available resources and much more. ORLANDO, Fla. — Buying a new home or planning a next move comes with a lot of unanswered questions. The latest Consumer Guide by the National Association of Realtors® aims to demystify some of the process and … Read more
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
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