When deciding on a second home, consider the cost of the home purchase and the ongoing and ancillary expenses, such as upkeep and travel to and from the home. NEW YORK — Owning a vacation home can be an enticing prospect. When you shift from tourist to homeowner in a location you love, it’s easier … Read more
Add touches of red and 1970s flair to make your holiday decorating more eye-catching this year. Don’t forget nostalgic touches and oversized decorations. CHICAGO — Holiday decor trends this year are channeling bright red Christmas trees and the 1970s. The latest holiday decorating trends may be considered even merrier and brighter, as they fall more … Read more
The Fed chair said inflation is coming in higher than predicted. For those who can buy, house shopping while others are holiday shopping could be a smart move. NEW YORK — Mortgage interest rates managed to string together two consecutive weeks of decreases for the first time since September. The week ending Dec. 5, the … Read more
A Citizens Property Insurance official said reforms passed by the Legislature are continuing to stabilize the market and depopulation efforts are progressing. TALLAHASSEE, Fla. — Changes to Florida laws — including a provision making it harder for policyholders to sue insurance companies — are working as intended to help bring the state’s property-insurance market … 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
Floridians are optimistic about their personal finances over the next year, and the national economy over the next year and five years, a UF study found. GAINESVILLE, Fla. — Consumer sentiment among Floridians surged in November to 81.1, its highest level in more than three years, rising 3.7 points from a revised figure of 77.4 … Read more
Predictive AI is being used to analyze market trends and patterns to help investors while landlords use it to predict maintenance and resource allocation. NEW YORK — Artificial intelligence (AI) is making inroads into the real estate market, and professionals are examining how AI tools can improve customer interactions and market predictions, as well as … Read more
House prices rose as demand outpaced supply, but elevated prices and mortgage rates slowed growth. WASHINGTON – U.S. home prices rose 4.3% between the third quarter of 2023 and the third quarter of 2024, according to the Federal Housing Finance Agency (FHFA) House Price Index (FHFA HPI). House prices were up 0.7% compared to the … Read more
Beginning in 2025, Fannie Mae and Freddie Mac can acquire loans of up to $806,500 for single-family homes, a 5.2% increase from its 2024 level. WASHINGTON – The Federal Housing Finance Agency is increasing the size of home loans that the government can guarantee against default as it takes into account rising housing prices. Beginning … Read more
NEW YORK – The holidays bring happy times — but also financial burdens. And more than ever this past season. While inflation is easing, prices for just about everything are still considerably higher than they were pre-pandemic. In fact, Bankrate’s 2024 Holiday Shopping Survey found that 28% of holiday shoppers say they are stressed about … Read more
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