HOLLYWOOD, Calif. – At the end of 2022, mortgage balances in the United States topped 11 trillion dollars – with almost $1 trillion in interest and refinanced debt added during 2021. As real-life Americans struggle through a housing affordability crisis, it only makes sense that many of our favorite animated characters may no longer afford … Read more
More buyers frustrated with the limited number of existing homes turned to builders for relief in April. Sales growth is notably rising in the $200K-$400K range. WASHINGTON – Sales of newly built, single-family homes increased 4.1% to a 683,000 seasonally adjusted annual rate in April. That’s up from a downwardly revised reading in March, according … Read more
Forget “location, location, location” – it’s “timing, timing, timing.” Spring vs. fall 2022 buyers are now facing very different economic realities. NEW YORK – Recent mortgage rate changes have highlighted the importance of timing in real estate transactions. Rates increased so much and so quickly in 2022 that those who bought homes mere months apart are … Read more
45 economists surveyed predict a still-too-high expected inflation rate of 4.2% for all of 2023 – and they don’t think the Fed will lower interest rates soon. WASHINGTON (AP) – The Federal Reserve will make only modest progress in its fight against inflation for the rest of this year, even while keeping its benchmark interest … Read more
The White House’s “ALL INside” program hopes to help reduce homelessness 25% by 2025, with an initial focus on Calif. and five U.S. cities. WASHINGTON – The Biden-Harris administration announced the launch of ALL INside, a first-of-its-kind initiative to address unsheltered homelessness across the country. It calls ALL INside a key part of All In: … Read more
Risk Rating 2.0 – FEMA’s updated method to price flood policies based on individual homes – has gotten bad press, but it’s a solution for old problems, according to NAR. WASHINGTON – There’s still confusion around the National Flood Insurance Program’s (NFIP) new pricing methodology called Risk Rating 2.0: Equity in Action, which went into … Read more
Census Bureau: Orlando was No. 5 for growth in 2022, adding 65K new residents, but overall city growth was muted as the pandemic pushed people to rural areas. ORLANDO, Fla. (AP) – The flight from urban areas that took place during the first year of the pandemic either reversed or slowed in its second year, … Read more
When considering marketing dollars, it’s generally easier and less expensive to build on your existing relationships than try to create new ones. BOCA RATON, Fla. – Real estate agent Aaron Buchbinder at Boca Raton, Florida-based Compass says the Sunshine State offers a professional advantage, not least for its “booming coastline, diverse population and tax-friendly economy” … Read more
Gov. DeSantis recently signed SB 264, which restricts, in part, the sale and ownership of certain Fla. properties to “foreign principals, persons and entities.” TALLAHASSEE, Fla. – During the 2023 session of the Florida Legislature, lawmakers passed Senate Bill 264, called “Interests of Foreign Countries.” Gov. Ron DeSantis recently signed it into law. The new … Read more
The goal is to drive traffic to your website, but what’s the best way to achieve that? Link building improves SEO though banner ads can get faster results. NEW YORK – If trying to market your website and maximize the number of visitors, real estate banner ads – normally appearing at the top of an … Read more
© 2024 Galleria International Realty
