CHERRY HILL, N.J.— Despite lingering concerns around affordability and interest rates, most first-time homebuyers still feel optimistic about the housing market in 2024 and are ready to spend, according to an annual study from TD Bank. With home prices temporarily edging downward following their all-time high in 2023, according to the January Case-Shiller Index, […]
News & Media CHICAGO – The National Association of Realtors® (NAR) does not set commissions – they are negotiable. The rule that has been the subject of litigation requires only that listing brokers communicate an offer of compensation. That offer can be any amount, including zero. And other rules throughout the MLS Handbook and […]
NEW YORK – The process of buying a home involves a number of variables that present at various times throughout buyers’ search for a home. For instance, real estate professionals typically advise buyers to receive a mortgage preapproval prior to beginning their search for a new home. Once such preliminary measures have been taken […]
GAINESVILLE, Fla. – While Florida is booming in home sales and new construction, the influx of people moving to the state means affordable housing remains an issue, according to a new report from the University of Florida. More than 450,000 people moved to Florida in 2021 and 2022, according to the report. Single family […]
News & Media ORLANDO – On March 19, 2024, a new form was released for member use. In addition, several forms were amended: Language was removed from the CRSP Condo Addendum and Cooperative Addendum regarding a deadline by which sellers had to provide certain documents to buyers. The Septic Program Replacement Addendum was amended […]
BARTOW, Fla. — Polk County was the county more people moved to last year than any other county in the U.S., according to the estimates. More than 29,300 people moved last year to the county located between Tampa and Orlando, two metro areas where housing has grown increasingly pricey, and the county is considered […]
WASHINGTON – Single-family housing starts increased 10.7% in February to their highest level since April 2022, boosted by pent-up demand, moderating interest rates and a lack of existing inventory, according to the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau. Overall housing starts increased to a seasonally adjusted annual […]
News & Media JACKSONVILLE, Fla. – Data from the Northeast Florida Association of Realtors (NEFAR) revealed a 31.5% increase in closed sales for February, totaling 1,491 sales closed, compared to the month before. Median prices of single-family homes increased 2.8% to $385,000 for Northeast Florida. Homes also remained on the market a median of […]
News & Media NEW YORK – Real-estate branding is more than just a catch phrase. It should encapsulate a team’s unique value proposition (UVP), establish a cohesive brand identity and make strong visual and emotional connections to the market and its stakeholders, luxury real estate professional Chris Pollinger said. Consider the following when developing […]
NEW YORK – The integration of AI in smart homes is revolutionizing our living experience. While voice assistants like Alexa, Siri and Google Assistant have been around for some time, new advancements are making smart home technologies more personalized and intuitive. Aqara’s Home Copilot: At CES 2024, Aqara introduced the Home Copilot, a new […]
WASHINGTON — Across the United States, many people are eagerly anticipating the Federal Reserve’s first cut to its benchmark interest rate this year: Prospective home buyers hope for lower mortgage rates. Wall Street traders envision higher stock prices. Consumers are looking for a break on credit card debt at record-high interest rates. Not to […]
MIAMI – Active listings, or the total supply of homes for sale, in Cape Coral, North Port and Fort Lauderdale saw the biggest jump in the nation in February, the real estate brokerage firm Redfin reported. Nationwide, active listings climbed 0.8% from a month earlier on a seasonally adjusted basis and were little changed […]