Consumer views remained mostly in a holding pattern in March, dipping slightly from the previous month. Sentiment is about halfway between its all-time low, which was reached in June 2022. WASHINGTON — Consumers became slightly less optimistic about the economy this month, though they continue to expect inflation to cool further, a potential sign that … Read more
Florida Realtors President Gia Arvin said the state association “looks forward to continued opportunities for our members to provide their expertise and valued services.” ORLANDO – The National Association of Realtors® (NAR) announced a proposed $418 million settlement agreement to the Sitzer-Burnett verdict that would end litigation of claims brought by home sellers related to … Read more
Borrowing costs for average 30-year U.S. mortgages and 15-year fixed-rate mortgages dropped Thursday to levels seen in early February. LOS ANGELES — Home loan borrowing costs fell for the second week in a row, pulling the average long-term U.S. mortgage rate to its lowest level since early February — good news for prospective home shoppers … Read more
Naples and the Cape Coral-Fort Myers areas are among the top 10 metros in the United States with the highest concentration of cash buyers in 2023, the National Association of Realtors® found. WASHINGTON – Home buyers who paid cash accounted for 32% of home sales in January, marking the highest rate since 2014, the National … Read more
The Miami-Dade mayor said she will ask voters in November to approve $2.5 billion in property tax backed bonds to build much-needed affordable housing. MIAMI – Affordable housing in Miami is hard to find. Home prices rose 11% as of November 2023, according to CoreLogic, and a University of Florida housing analysis showed the Miami-Dade … Read more
One of the keys to buying a house from a distance is having a trusted agent who understands the buyer’s needs and can offer guidance along the way. NEW YORK – Prospective home buyers are widening their home search areas to find new places to live. The National Association of Realtors® (NAR) says the median … Read more
Some of the progress markers that will indicate the Fed is headed to a rate cut includes commercial property price stabilization and land and single-family development. WASHINGTON – The commercial real estate market has a lot to gain if the Federal Reserve follows through on anticipated interest rate cuts this year. It was under high … Read more
Federal investigators analyzing the 2021 Surfside condo collapse said they think there is conclusive evidence that a pool deck collapsed before the tower. A final report won’t be ready until 2025. FORT LAUDERDALE, Fla. – A federal probe into the June 2021 collapse of a Surfside condo tower that left 98 people dead continues to … Read more
While housing size is a personal preference, buyers should consider current and future needs when shopping. However, it often just comes down to affordability. NEW YORK – Potential home buyers typically have lists of requirements they would like to find in a new home. Although there are many features that are universally appreciated, certain elements … Read more
What’s the next step in proptech, or property technology? Artificial intelligence (AI), used in marketing campaigns via virtual home tours and other vital tasks. WASHINGTON – In the last two decades, the real estate industry has changed significantly. Online services make finding, buying and renting properties so much easier. Buyers and renters are no longer … Read more
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