Need an assistant to help with daily tasks or booking vacations? OpenAI’s ChatGPT might be the answer in the future. NEW YORK – Now that ChatGPT has had a go at composing poetry, writing emails and coding apps, it’s turning its attention to more complex tasks and real-world applications, according to a new report – … Read more
Real estate fraud costs, on average, $70K per incident, a recent study found. Better education is needed, particularly for those age 65 and older. AUSTIN, Texas – Unsuspecting home buyers and sellers are increasingly becoming the target of real estate fraud schemes, with consumer losses exceeding $70,000 per incident due to stolen buyer down payments … Read more
Buyers seeking a lower mortgage rate don’t have to just wait for a market adjustment. Instead they can make changes in their personal finances that could help. NEW YORK – Mortgage interest rates have been headlining financial news segments for several years running. Much of that news has been met with less than open arms, … Read more
At the end of the day, more than 60% of those surveyed find it easy to manage their finances with their partner. NEW YORK — One in 10 Americans don’t know their partner’s salary, according to new research. A poll of 2,000 Americans in serious relationships, engaged or married split evenly by generation revealed that … Read more
Lawmakers are reviewing further cuts to the state lease tax, already slated for a reduction from 4.5% to 2% in June. The tax reduction is one of Florida Realtors’ legislative priorities. TALLAHASSEE, Fla. – With business groups long saying the tax should be scrapped, state lawmakers could look at further reducing a tax on … Read more
The new regulation would require real estate professionals to report all-cash residential purchases to combat money laundering. A final decision isn’t expected for months. WASHINGTON — The Biden administration wants to make residential real estate transactions more transparent by unmasking the owners of certain all-cash purchases. It’s part of an ongoing effort to combat money … Read more
The average long-term rate remains in the mid-6% range, Freddie Mac said. The rate on a 15-year fixed-rate mortgage, popular for home refinances, fell to 5.90% from 5.94% last week. LOS ANGELES— The average long-term U.S. mortgage rate edged higher this week, reflecting a recent uptick in the 10-year Treasury yield. The average rate on … Read more
The state announced funding that will bring high-speed internet access to additional rural and small communities, which can open doors for homeowners, businesses and remote workers. BOWLING GREEN — Gov. Ron DeSantis announced nearly $223 million in state and federal funding to expand broadband internet access across Florida, mainly in small and rural communities. The … Read more
New construction accounted for a large share of home sales in 2023 Q4 because homebuilding has increased and the number of homeowners selling has decreased, Redfin said. SEATTLE — Nationwide, 31.8% of U.S. single-family homes for sale in the fourth quarter of 2023 were new construction, according to a new report from the real estate … Read more
The Monroe County School District is launching an affordable housing project for teachers, a growing trend in Florida and across the nation to attract educators. KEY WEST, Fla. – The Monroe County School District is forging ahead with its plan to place roughly 150 units of affordable housing on Trumbo Road in Key West and … Read more
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