News & Media NEW YORK – Bathroom and kitchen remodels remain the most popular home renovation projects, according to the National Association of Home Builders (NAHB) Remodelers professional group. Bathroom remodels were cited as a common job by 65% of remodelers, followed by kitchen remodels (61%). After baths and kitchens, the most popular remodeling […]
News & Media WASHINGTON – In real-estate development, artificial intelligence (AI) has emerged as a tool for developers and investors to effectively gauge market shifts before they occur. AI also could change how we build, market, and manage properties. Vast datasets that include historical property data, demographic shifts, economic indicators and current market trends […]
NEW YORK — Mortgage rates, credit card rates, auto loan rates, and business loans with variable rates will all likely maintain their highs, with consequences for consumer spending, after the Federal Reserve indicated Wednesday that it doesn’t plan to cut interest rates until it has “greater confidence” that price increases at the consumer level […]
News & Media WASHINGTON – The National Association of Home Builders (NAHB) unveiled a 10-point housing plan to control shelter inflation and ease housing affordability stress by removing barriers that hinder the construction of new homes and apartments. The NAHB said the national shortage of roughly 1.5 million housing units is making it increasingly […]
News & Media WASHINGTON – The Federal Housing Administration (FHA) and Federal Housing Finance Agency (FHFA) today announced new policies that will allow borrowers to challenge property appraisals if they believe the appraisals were inaccurate or biased. FHA’s new requirement for lenders participating in its single-family mortgage program will enable borrowers to request a […]
News & Media By Melissa Dittmann Tracey CHICAGO – Tell your kids: Social media influencers like Mr. Beast — who has 255 million subscribers on YouTube — have nothing on you. Those who work in real estate may have the job most people wish they had, even more than being an influencer on YouTube. […]
LOS ANGELES — The average rate on a 30-year mortgage climbed this week to its highest level in more than five months, pushing up borrowing costs for prospective homebuyers in what’s typically the housing market’s busiest stretch of the year. The rate rose to 7.22% from 7.17% last week, mortgage buyer Freddie Mac said […]
News & Media NEW YORK – Millennials, born between 1981 and 1996, are increasingly moving to private golf communities, even if they don’t play golf. Gabrielle Sloan and her husband purchased a $660,000 three-bedroom, roughly 1,960-square-foot, ranch house on approximately 0.25 acres that backs up to the course at Tequesta Country Club in Tequesta, […]
WASHINGTON — The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn’t plan to cut interest rates until it has “greater confidence” that price increases are slowing sustainably to its 2% target. The Fed issued its decision in a statement after its latest meeting, at […]
News & Media WASHINGTON – Create established strategies in advance since tornadoes tend to happen so suddenly that they leave little time for discussions or decisions. Begin with a plan to move to an enclosed underground area or interior room of your home, then commit to sheltering in place. Stay off the roadways. Then […]
News & Media By Amy Connolly IRVINE, Calif. – The months of May, February and April offer the highest seller premiums – making these months the best times to sell your home, according to ATTOM’s annual analysis of the best days of the year to sell a home. The property data analytics company ATTOM […]
NEW YORK – Shopping for and ultimately purchasing a home can feel like a day at an amusement park. Much like a ride on a roller coaster, buying a home can be both exciting and a little scary, and those peaks and valleys have been even more profound in recent years, when the real […]