NEW YORK – Real estate has garnered considerable attention since 2020, and for good reason. Though speculators and real estate professionals may point to several variables that have affected the home market in recent years, the pandemic certainly was among those factors. Real estate prices and mortgage interest rates increased significantly during the pandemic […]
News & Media NEW YORK – The National Association of Realtors®’ 2023 Profile of Home Buyers and Sellers found that baby boomers aged 59 to 77 are among the homeowners downsizing, accounting for 45% of home sellers last year. The silent generation (age 78 and up) accounts for 6%. Combined, they account for more […]
CHICAGO – The National Association of Realtors® (NAR) has named Nykia Wright its permanent chief executive officer, effective immediately. Nykia Wright Wright, an executive with vast experience driving organizational transformation, has served in the interim CEO role since November 2023. “I am thrilled Nykia is staying on board to lead us through this time […]
News & Media Links to /about/charities/disaster-relief-fund Realtors helping others in times of need is what this charity is all about. Learn how to give and receive. TALLAHASSEE, Fla. – Estimated insured losses from Hurricane Debby reached $113.8 million, as claims continue to be filed after the storm, which made landfall Aug. 5 in Taylor […]
TALLAHASSEE, Fla. – Senate President Kathleen Passidomo on Friday ruled out a special legislative session to address problems facing condominium associations and owners, including soaring costs. In a memorandum to senators, Passidomo said condominium laws can be addressed during committee meetings after the November elections and during the 2025 regular session. She pointed to […]
News & Media By Mitchell Hartman NEW YORK – With inflation continuing to track toward the Federal Reserve’s 2% target and the job market slowing, there’s a wide consensus among economists and investors that the Fed will begin cutting interest rates at their meeting in mid-September. Analysts anticipate rate cuts again in November and […]
SEATTLE – Competition for homes and price appreciation tapered off faster than normal in July as high housing costs continued to stymie shoppers, according to the Zillow market report. But recent drops in mortgage rates should spur more competition as we head into fall. “If this relief from mortgage rates continues, we should see […]
WASHINGTON – Overall housing starts decreased 6.8% in July thanks, in part, to high interest rates for construction and development loans, labor shortages and higher prices for building materials, the National Association of Home Builders said. Starts decreased to a seasonally adjusted annual rate of 1.24 million units, according to a report from the […]
TALLAHASSEE, Fla. – State economists on Wednesday increased general-revenue projections by a total of about $2 billion for the current fiscal year and next year, giving a boost to lawmakers as they start preparing to draw up a budget during the 2025 legislative session. A panel of economists known as the Revenue Estimating Conference […]
TALLAHASSEE, Fla. – Florida saw increased tourism during the second quarter of 2024, while it continues trying to get the international market back to pre-pandemic levels. With the totals driven by tourists from other parts of the U.S., Visit Florida on Thursday estimated the state had 34.2 million visitors during the April-through-June period, 1.64% […]
News & Media CHICAGO – By now, you’ve experienced changes to the way you do business as a result of the NAR settlement in the Sitzer-Burnett lawsuit. Changes went into effect on Saturday, Aug. 17. Specifically: Offers of compensation are prohibited on Multiple Listing Services (MLSs). Offers of compensation will continue to be an […]
News & Media ORLANDO, Fla. – Since the NAR settlement in the Sitzer-Burnett case was announced in last February, Florida Realtors® has released webinars, news articles, infographics, videos, social media posts and more to help you comply with policy changes taking effect tomorrow, Aug. 17. These resources have been compiled into a resource guide […]