WASHINGTON — Just a few weeks ago, the path ahead for the Federal Reserve looked straightforward: With inflation cooling and the job market slowing, the Fed appeared on track to steadily cut interest rates. In September, its officials predicted that they would reduce their benchmark rate four times next year, on top of three […]
WASHINGTON — In 2024, Realtors® reported that their recent clients chose to move to a specific area primarily to be closer to family and friends (30%) and to get more home for the money (21%), according to a new report from the National Association of Realtors®. While available U.S. Census Bureau data provides information […]
TALLAHASSEE, Fla. — Florida Bar members should soon have access to a practical guide for using generative AI tools, the Standing Committee on Technology learned Wednesday. Miami attorney Karl Klein told the committee at a November 6 meeting that the guide should be available on LegalFuel: The Practice Resource Center of The Florida Bar’s […]
News & Media By Eliana Block CHICAGO – Real estate professionals need to be cautious about the business advice they receive —especially from so-called “experts” on social media — because solutions aren’t one-size-fits-all, particularly in the age of industry practice changes, Barb Betts, CRS, told attendees at NAR NXT, The Realtor® Experience, in Boston. […]
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WASHINGTON – On Nov. 26, the U.S. District Court for the Western District of Missouri will hold a hearing on approval of NAR’s settlement that would resolve nationwide class action claims related to broker commissions. The NAR legal team and Plaintiffs will be in Court to advocate for final approval of the NAR settlement. […]
News & Media WASHINGTON – Consumer sentiment in the U.S. improved slightly less than previously estimated in the month of November, according to revised data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index for November was downwardly revised to 71.8 from the preliminary reading of […]
SANTA CLARA, Calif. – Rents fell by -0.8% to $1,720 in October, marking their fifteenth consecutive month of year-over-year declines and falling the most for smaller-sized units, according to the Realtor.com’s October Rental Report. Looking ahead, new rental properties coming onto the market are expected to put continued downward pressure on rents next year. […]
FORT LAUDERDALE, Fla. – Question: A while back, I bought a property with a partner, and we each paid part of the purchase price. Since then, I have been taking care of it and paying the taxes and insurance. We have been splitting the profit from renting it. Now, my partner wants to quit […]
SEATTLE — Real estate investors purchased 2.3% fewer homes in the third quarter than they did a year earlier, according to a new report from the real estate brokerage Redfin. The small size of the change is notable because it comes after four years of huge swings driven by the wild pandemic-era housing market. […]
CANTON, Ohio – The popularity and use of artificial intelligence (AI) in real estate has become nearly ubiquitous among America’s leading real estate brokerages, with 75% already using the technology and almost 80% reporting that their agents have adopted AI tools. But concerns remain about safeguards keeping pace with AI’s rapid integration, according to […]
Visit Florida bumped up its post-hurricane marketing effort to $6.7 million, aiming to show tourists much of the state has been unaffected by hurricanes.