How hard is it to find the perfect home? If it has the right location and price, 7 out of 10 homebuyers are willing to overlook poltergeist shenanigans. JACKSON, Ga. – Potential homebuyers don’t mind a scare as long as it’s in their dream home. A new Zillow survey finds that 67% of potential homebuyers … Read more
Albany, N.Y., homes went under contract in 8 days in Sept., followed by Rochester (9) and Grand Rapids, Mich. (9). In 8 Fla. metros, it ranged from 25-58 days. SEATTLE – The U.S. supply-demand balance for real estate has shifted over the past year. In Albany, N.Y., the typical home sold in September went under … Read more
It’s a slight gain, but NAR’s chief economist says pending sales “remain at historically low levels.” Year-over-year, pending transactions were down 11%. WASHINGTON – Pending home sales rose 1.1% in September, according to the National Association of Realtors® (NAR). Three of the four regions tracked – the Northeast, Midwest and South – posted monthly gains … Read more
The My Safe Florida Home program has more applications than funding, but the Legislature may consider more money during a recently scheduled special session. TALLAHASSEE, Fla. – Talks are ongoing in advance of a special legislative session about how much money would be needed to reduce a backlog of grant applications from Floridians looking to … Read more
Life is more fun in Fla., a concept made flesh by “Florida Man” – the guy always doing something crazy. Now a St. Augustine “game” will make him real. ©Florida Realtors® Source link
MIAMI – Home prices in Miami-Dade County fell for the third month in a row in September, giving breathing room to aspiring buyers on tight budgets who have waited months on the sidelines. Median sales prices dropped last month to $600,000 for single-family houses and $415,000 for condominiums, from $620,000 and $416,000, respectively, in August, … Read more
Mortgage Bankers’ 3Q report finds office mortgage-delinquency rates passing retail and hotel – but multifamily and industrial delinquencies remain below 1%. WASHINGTON, D.C. – The commercial real estate industry is facing some unique challenges. In addition to rising loan rates, there’s a lot of uncertainty over future demand, such as whether the office market will … Read more
GTOs require title companies to verify actual buyers of property. FinCEN extended its order to April 2024 and added 8 Fla. Gulf Coast counties to the list. WASHINGTON – The Financial Crimes Enforcement Network (FinCEN) announced the renewal and expansion of its Geographic Targeting Orders (GTOs). GTOs require title insurance companies to identify the real-life … Read more
Years of soaring prices and a limited inventory of for-sale homes has stressed buyers for years, but today’s market remains a profit goldmine for most sellers. LOS ANGELES (AP) – Despite a housing slump going back more than a year, soaring home prices in recent years and a stubborn shortage of properties on the market … Read more
On wedding website The Knot, 20% of couples ask for home down payment money – an amount that has risen 55% over the past five years. WASHINGTON – Nearly 1 in 5 couples are turning to their wedding registries for help with funds to buy their first home, according to a new survey. An analysis … Read more
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