Reverse mortgages allow homeowners to borrow money based on their home’s value, but there are many considerations when choosing one. NEW YORK – As long as there have been homes for sale, there have been financial vehicles designed to alleviate some of the financial pressures associated with owning a home. Older adults with their home … Read more
The Federal Reserve chair said the Fed misjudged the duration of the 2021-2022 inflation surge, and the central bank moved too slowly to raise its key rate. Rate cuts could begin in May. WASHINGTON — Chair Jerome Powell said in an interview broadcast Sunday night that the Federal Reserve remains on track to cut interest … Read more
Several Florida developers have opened “beachfront” communities with abundant amenities along manmade lagoons. ST. JOHNS COUNTY, Fla. – Neal and Barb Shact’s home in the Beachwalk neighborhood has a water view even though the ocean is 17 miles away. A 14-acre pool in the neighborhood contains 37 million gallons of water and is one amenity … Read more
WASHINGTON – The future of office space and office to housing conversions have been hot topics for some time now, as municipal governments are embracing the idea of office to housing conversions by offering tax incentives to developers to help subsidize the often-prohibitive costs and expanding by-right zoning policies to ease the burden of entitlement … Read more
BOSTON – You’ve probably heard the advice — spend no more than 30% of your net income on housing. But while scrolling through Zillow in the midst of a nationwide housing shortage — and a housing “crisis” in major metropolitan areas like Boston and the Bay Area — you might be hard-pressed to find your … Read more
FAIRFIELD, Ohio — The idea to start a business that converts shipping containers into affordable homes started around a fire pit. Sandra Whitley and Allison Lyons never did light the fire, but the idea first discussed over the summer had been burned into motivation and then became reality. “It started this summer, but it really … Read more
WASHINGTON – As we enter a new year, the commercial real estate industry finds itself at yet another crossroads. The market is continuing to take shape and redefine itself after several years of new challenges. In 2023, the industry remained on unsteady grounds as economic uncertainty persisted, return-to-work plans shifted at large companies, and rising … Read more
Despite predictions housing prices would come down, values keep rising in 2024. The reason? The tight inventory. WASHINGTON – Much to the chagrin of would-be homebuyers, property prices just keep rising. It seems nothing — not even the highest mortgage rates in nearly 23 years — can stop the continued climb of home prices. Prices … Read more
Freddie Mac’s chief economist said rates will continue to go down as inflation decelerates. Mortgage rates are at the lowest level since May. LOS ANGELES — The average long-term U.S. mortgage rate eased this week, welcome news for prospective homebuyers as the spring homebuying season approaches. The average rate on a 30-year mortgage fell to … Read more
Floridians anticipate a positive economic outcome in the coming year, bolstered by a strong market and low unemployment, a University of Florida survey found. GAINESVILLE, Fla. – Consumer sentiment among Floridians started the year at the highest level over the last two years, highlighting residents’ positive outlook about the future of the economy and personal … Read more
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