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
When change happens, stay flexible and focus on your strengths. Control your attitude and actions to thrive in real estate – pivot, provide value and adapt. LOS ANGELES – Imagine you woke up on a remote tropical desert island. No one is around. No restaurants. No Starbucks. No Wi-Fi. Everything completely changed. In an instant. … Read more
Financial pros generally recommend keeping financial records for seven years. Check with the IRS and state tax collectors’ websites for the specifics. FORT LAUDERDALE, Fla. – Question: I helped my father sell his condo in 2017 and have been storing the paperwork from when he originally purchased it to when he sold it. I want … Read more
WASHINGTON – Homebuyers are putting down more money than ever to soften the blow of high mortgage rates, and in some cities, $400,000 down payments are now the norm. The typical down payment for U.S. homebuyers hit a record $67,500 in June, nearly 15% higher than a year earlier, according to a new Redfin analysis. … Read more
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