The average rate on 30-year mortgages fell to 6.89% from 6.95% last week. Rates on 15-year mortgages fell to 6.05% from 6.12% last week, Freddie Mac said. NEW YORK —The average rate on a 30-year mortgage in the U.S. eased for the third week in a row, a smidgen of relief for prospective home shoppers … Read more
A new study also found homeowners spend an average of 6.9 hours weekly on repairs and maintenance, totaling more than 1 year and 83 days over a 30-year mortgage. ST. LOUIS — The typical American homeowner now spends an average of $24,529 annually, or $2,044 monthly, on home expenses in addition to their mortgage — … Read more
Ideas include a weekly email to your database referencing a “deal of the week,” featuring a home listed at a good price for the market. NEW YORK — To grow a real estate business, agents and owners need to make their expertise known to the local market and remain authentic in client and business interactions. … Read more
The 2025 forecast for multifamily shows a mixed outlook with potential opportunities and challenges, including continued job growth and rising inflation. NEW YORK — After several years of challenges and shifting market trends, 2025 has arrived with the promise of lower interest rates, product absorption, and increased market activity. Whether 2025 will deliver on these … Read more
A Florida Realtors’ three-part series shows how Florida’s newest residents, mostly working-age adults, drove up median home prices in some regions. ORLANDO, Fla. — Between 2020 and 2022, Florida saw a surge of new residents who drove up median home prices over 50% in some areas. These younger, wealthier professionals relocated for remote work opportunities, tax … Read more
Home prices rose 3.8% in November 2024, up from 3.6% in October. Experts predict a slowdown in 2025 as mortgage rates rise. Tampa saw a 0.4% decline. 2025 as mortgage rates rise. Tampa saw a 0.4% decline. WASHINGTON – In November 2024, the S&P CoreLogic Case-Shiller National Home Price Index found that home prices increased … Read more
In its fifth season, the docuseries follows rookie home shoppers as they navigate complex transactions with the help of agents who are Realtors. CHICAGO — Buying a home isn’t easy — especially if you’ve never done it before. In fact, past surveys have shown that home buyers say purchasing a home is more stressful than … Read more
The rate on 30-year mortgages fell to 6.95% from 6.96% last week, Freddie Mac said. Rates on 15-year mortgages fell to 6.12% from 6.16% last week. WASHINGTON — The average rate on a 30-year mortgage in the U.S. eased for the second week in a row, but remains just below 7%, little relief for prospective … Read more
The Fed will keep its federal funds rate target at 4.25% to 4.50% to promote maximum employment and maintain 2% inflation over the long term. WASHINGTON — After cutting interest rates for three straight meetings, the Federal Reserve on Wednesday announced its widely expected decision to leave interest rates unchanged following its first monetary policy … Read more
U.S. home prices rose 4.2% year-over-year, but growth is slowing due to high mortgage rates, according to the FHFA House Price Index. WASHINGTON — U.S. house prices rose 0.3% in November, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). House prices rose 4.2% from November 2023 to November … Read more
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