Seniors looking to downsize may have an emotional connection to a home, so agents should work with patience, empathy and understanding. NEW YORK – The National Association of Realtors®’ 2023 Profile of Home Buyers and Sellers found that baby boomers aged 59 to 77 are among the homeowners downsizing, accounting for 45% of home sellers … Read more
State economists report a positive outlook despite uncertainties. Revenue estimates highlight that “Florida’s economy is healthy and growing.” TALLAHASSEE, Fla. – State economists on Wednesday increased general-revenue projections by a total of about $2 billion for the current fiscal year and next year, giving a boost to lawmakers as they start preparing to draw up … Read more
Visit Florida said tourism increased by 1.64% over the same period last year, bolstered by domestic travelers. And, state visitors may later become new residents. TALLAHASSEE, Fla. – Florida saw increased tourism during the second quarter of 2024, while it continues trying to get the international market back to pre-pandemic levels. With the totals driven … Read more
Buyers in Florida’s bigger metros gained an upper hand in July 2024, Zillow said. Nationwide, homes have been lingering on the market longer compared to last year. SEATTLE – Competition for homes and price appreciation tapered off faster than normal in July as high housing costs continued to stymie shoppers, according to the Zillow market … Read more
THE VILLAGES, Fla. — As one of the world’s largest retirement communities, The Villages in central Florida is known for its endless golf courses, having the oldest median age in the United States and its traffic-stopping golf-cart parades usually supporting a Republican candidate during campaign season. What it’s not known for is kids. Yet the … Read more
NEW YORK – Thanks to the pandemic-fueled housing boom, Americans are sitting atop a massive pile of home equity. As a result, many face a decision: Should they borrow against their homeownership stake to support spending for various goals? To gain insight into how homeowners view their equity wealth, Bankrate asked for their opinions. Among … Read more
The plans also include expanding low-cost financing and reducing federal regulations to help construction efforts. WASHINGTON – The Biden administration on Tuesday unveiled a series of new reforms and a list of other federal actions aimed at driving up housing construction in the United States to build on already-historic levels new housing driven by a … Read more
Jacksonville, Orlando and Tampa are among the top rental markets in the state offering concessions. The U.S. rental vacancy rate held steady at 6.6%. SEATTLE – More property managers offered concessions on their rentals in July as rent growth slowed, new data from Zillow reveals. The post-pandemic construction frenzy continues to help soften rent growth. … Read more
Buyers may hear they need a 20% down payment to buy a home, but that’s not set in stone. Many mortgages require as little as 3% or 3.5% and some have no minimums. SOUIX CITY, Iowa – You might have heard you’ll need a 20% down payment to buy a home. While there’s a reason … Read more
As mortgage rates retreat from 23-year highs, home loan applications rose 16% last week, the highest level in two years. Refinancings were up 60% vs. a year ago. LOS ANGELES (AP) – A recent pullback in mortgage rates is spurring more homeowners to refinance their home loan and lower their monthly payments. The Mortgage Bankers … Read more
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