After a two-week slide, the average rates on 30-year and 15-year mortgages climbed up again. Rates are still far below the 23-year high in October. LOS ANGELES — The average long-term U.S. mortgage rate climbed back to nearly 7% this week, pushing up borrowing costs for home shoppers with the spring homebuying season underway. The … Read more
Building name recognition for a new real estate business doesn’t have to include expensive campaigns. Rather, agents can utilize free tools that can be effective, including community outreach. NEW YORK — Starting a real estate business can be arduous, but building and cultivating a client base doesn’t have to be difficult or expensive. Instead, agents … Read more
CHERRY HILL, N.J.— Despite lingering concerns around affordability and interest rates, most first-time homebuyers still feel optimistic about the housing market in 2024 and are ready to spend, according to an annual study from TD Bank. With home prices temporarily edging downward following their all-time high in 2023, according to the January Case-Shiller Index, TD’s … Read more
Polk County, located between Tampa and Orlando, was the nation’s top place to move from within the United States. BARTOW, Fla. — Polk County was the county more people moved to last year than any other county in the U.S., according to the estimates. More than 29,300 people moved last year to the county located … Read more
The rise in single-family housing starts in February are the highest since April 2022. In the South, combined single-family and multifamily starts are 15.7% higher than the previous month. WASHINGTON – Single-family housing starts increased 10.7% in February to their highest level since April 2022, boosted by pent-up demand, moderating interest rates and a lack … Read more
The Fed is expected to play it safe when it meets later this week, keeping the benchmark interest rate unchanged as inflation has yet to meet the 2% target, experts say. WASHINGTON — Across the United States, many people are eagerly anticipating the Federal Reserve’s first cut to its benchmark interest rate this year: Prospective … Read more
Success in the luxury market isn’t just about confidence and who you know. The best agents understand the market and the industry. NEW YORK – Real estate professionals have their own networking and lead generation strategies, but most believe that they can “will” their luxury market success into being – whether that means following up … Read more
Selling a home before moving into an assisted living facility presents challenges not seen in other moves. Family members can help navigate the process to make it run smoothly. NEW YORK – Families must make a number of important decisions when an aging relative decides the time is right to move into an assisted living … Read more
A new study found American workers are living farther from their workplaces, likely due to remote work opportunities. As a result, people bought bigger homes with home offices. NEW YORK – Freed, perhaps, from a daily jaunt to the office, the average American worker now lives almost three times farther from their job than they … Read more
NEW YORK – Your credit score is one of the most important numbers in your financial life. It plays a crucial role in determining individuals’ access and eligibility for loans, credit cards, mortgages, rental applications, and more. However, it’s not a static number and requires continuous monitoring and maintenance by individuals. As data breaches rise, … Read more
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