NEW YORK – When we saw that rent at our current apartment would go up by several hundred dollars if we re-signed our lease this summer, my roommates and I knew it was time to start searching for a new place to live. We knew what we could afford between the three of us, and … Read more
RE Q&A: Can the seller keep the deposit, since there is a signed contract? It depends on the financing section of your contract, timing and other specific details. FORT LAUDERDALE, Fla. – Question: We recently signed a contract to sell our home. Yesterday, our real estate agent told us the buyer was canceling because they … Read more
A Redfin survey found some Florida cities have increasing inventory, including new construction. Experts say it’s combatting the affordability crisis. MIAMI — Florida was a red-hot destination during the pandemic, but now, the state is home to some of the fastest-cooling housing markets in the country. Western Florida cities like North Port, Tampa and Cape … Read more
Tampa ranks in the top 10 U.S. cities for new construction. In Crestview, Homosassa Springs, and Panama City, new construction homes sell for less than average home value. WASHINGTON – The Consumer Price Index clocks inflation between spring 2019 and spring 2024 at 22.9%. But Zillow home sale data demonstrates a particularly swift hike in … Read more
Real estate professionals use AR in exciting ways that bring imagination to life and offer buyers immersive views of properties. CHICAGO – There’s an often-overlooked truism in the technology space that “new” doesn’t always mean new. Often, it means new to you. Take augmented reality (AR), for example. We’ve actually been using AR for fun … Read more
The early years as a new agent can be tough, but there are ways to make it more manageable, such as by taking classes and going to events. WASHINGTON — Real estate sales can be one of the most challenging yet most rewarding careers out there. Passing the state exam is hard enough but once … Read more
Modern features, such as soapstone countertops and beverage centers, signal to buyers the home is either new or recently remodeled. NEW YORK – Home buyers are willing to pay more for a backyard decked out with all the bells and whistles. New Zillow research finds homes equipped with an outdoor TV command 3.1% more than … Read more
The average rate on a 30-year mortgage rose to 7.1%, the highest level since late November. The average rate for 15-year fixed-rate mortgages rose to 6.39%. LOS ANGELES — Prospective homebuyers are facing higher costs to finance a home with the average long-term U.S. mortgage rate moving above 7% this week to its highest level … Read more
One economist said consumers appear to be adjusting their expectations for the housing market to better accommodate higher mortgage rates and home pricing. WASHINGTON – While a growing number of consumers think mortgage rates will increase in the coming year, their optimism about the home buying and selling market ticked up, according to Fannie Mae’s … Read more
A down payment of 20% or more can help lock in better interest rates and lower monthly payments. Buying a home under your budget can help with costs overall. NEW YORK — Conventional wisdom says it’s best to make a 20% down payment when you buy your home. While this can help you in several … Read more
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