Fla. Realtors Chief Economist: At $410K, it’s the same as April 2022, ending an 11-year (135 months) run of rising year-over-year prices. But condo prices rose 4.8%. ORLANDO, Fla. – Florida’s housing market in April showed continuing trends from the past few months, with more for-sale inventory (active listings) and higher median sales prices for … Read more
A free June 9-11 event in Washington will feature some outside-the-box affordable housing solutions. Two Fla. companies are exhibitors; some events will be online. WASHINGTON – U.S. Department of Housing and Urban Development (HUD) and National Association of Home Builders (NAHB) announced new details regarding the Innovative Housing Showcase, including the first round of exhibitors. … Read more
Overall housing starts increased 2.2% in April and the single-family component rose 1.6% – a gradual improvement, though down 28.1% year-to-year. WASHINGTON – April single-family production hit its highest rate so far this year, due in part to a lack of existing inventory and stabilizing mortgage rates. Overall housing starts in April increased 2.2% to … Read more
Home Depot sales surged during pandemic lockdowns but fell short of expectations in 1Q 2023. Consumers still want to remodel but they’re now choosing smaller projects. ATLANTA – After years of explosive growth during the pandemic, Home Depot’s revenue during the first quarter fell short of expectations and the company cut its profit and sales … Read more
Most people shed possessions slowly over time, but a change in circumstances sometimes requires that it be done quickly. A three-step triage plan can help. NEW YORK – Ideally, you’d spend months or even years carefully purging excess belongings – but life may have other plans. Maybe you or someone you love has a health … Read more
For prices ranging from a few million to $19M– and yearly fees from $20K to $30K – upscale Disney fans live 5 minutes from Epcot and enjoy a roster of insider amenities. ORLANDO, Fla. – Disneyphiles have flocked to Golden Oak, the only residential community in the world located on Walt Disney Co. resort property, … Read more
NEW YORK – Canandaigua and Manhattan’s Chinatown are about as different from each other as two places in the same state can be. One is a small town in New York’s bucolic Finger Lakes region, where almost everyone is a white English-speaker. Chinatown packs nearly 10 times as many residents, many of them foreign-born and … Read more
The board met May 11 during NAR’s legislative meetings in Washington, D.C. Votes focused on the 2024 budget, dues, fair housing training requirements and more. WASHINGTON, D.C. – The National Association of Realtors® (NAR) Board of Directors met in Washington, D.C. on May 11 and took the following actions: Fair housing and diversity training The … Read more
An often-used form of financing for the office market – life insurance companies – has also tightened its purse strings, even as more loans come due. NEW YORK – A traditionally reliable source of capital for commercial property developers, life insurance companies are turning their backs on office building owners as tens of billions of … Read more
Lessons learned during hard times often remain even when things get better. The recession lesson for new agents? Hard work and perseverance pay off. NEW YORK – A generation of real estate agents could be shaped by the coming year’s economic headwinds in multiple ways. In 2023, successful agents will owe their success to hard … Read more
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