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
The new residential contract riders address buyer credits (concessions) and compensation. Florida Realtors will host a Sept. 16 webinar to discuss the riders. ORLANDO, Fla. – Florida Realtors® released two new residential contract riders on Monday to help Realtors and customers more effectively navigate buyer’s broker compensation and provide greater transparency in the homebuying process. … Read more
Preparation is the key to navigating hurricane damage. Before any storm, check insurance policies for coverage and take a home inventory. FORT LAUDERDALE, Fla. – Question: With hurricane season heating up, I am concerned I will not know what to do if a storm damages our house. How can we be prepared and ensure that … 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
Thirty-year mortgage rates remained at 6.35%, while 15-year rates fell slightly to 5.47%. A Fed interest rate cut later this month likely will reduce mortgage rates. WASHINGTON – The average rate on a 30-year mortgage in the U.S. was flat this week ahead of an expected interest rate cut from the Federal Reserve later this … Read more
September is Realtor Safety Month, and Florida Realtors has compiled information and resources to keep you safe throughout the year. ORLANDO, Fla. – In a time when personal safety is paramount, Realtors® have increasingly been taking proactive measures to protect themselves and their businesses. According to National Association of Realtors® data, real estate professionals … Read more
Americans are increasingly becoming more comfortable with living in homes under 500 square feet, with affordability being a key factor. NEW YORK – As housing prices continue to rise, many people in the United States are veering toward a new-ish style of living space: the tiny house. According to a report by Investment Property Exchange … Read more
Real estate professionals are figuring out ways to highlight pet-friendly property features to entice consumers. CHICAGO –There are more American households with pets than children, and studies show that home buyers’ furry friends increasingly influence the type of home or remodeling project buyers choose. So, real estate pros need to be tuned in to the … Read more
NEW YORK – You’re witnessing social media influencers reshape consumer behavior through trust and authenticity. Influencer marketing’s effectiveness is evident as 90% of marketers find it impactful, contributing to projected industry growth to $16.4 billion in 2023. Remarkably, 70% of teens trust influencers over traditional celebrities, indicating a shift in loyalty dynamics. Authentic recommendations resonate, … Read more
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