News & Media By Alex Veiga LOS ANGELES – The average rate on a 30-year mortgage edged higher this week, holding close to its lowest level in more than a year. The rate rose to 6.49% from 6.47% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 7.09%. Borrowing […]
THE VILLAGES, Fla. — As one of the world’s largest retirement communities, The Villages in central Florida is known for its endless golf courses, having the oldest median age in the United States and its traffic-stopping golf-cart parades usually supporting a Republican candidate during campaign season. What it’s not known for is kids. Yet […]
WASHINGTON – Builder confidence in the market for newly built single-family homes ticked down two points to 39 in August from a downwardly revised reading of 41 in July, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) released today. This is the lowest reading since December 2023. “Challenging […]
SEATTLE – Investor purchases of U.S. homes rose 3.4% year over year in the second quarter – the largest increase since the second quarter of 2022, according to the real estate brokerage Redfin. Investors purchased $43 billion worth of homes in the second quarter, up 13.7% from a year earlier – also the biggest […]
News & Media By Evelyn Long CHICAGO – As real estate agents, you’ve likely noticed the landscape of home buying is rapidly changing. One of the most significant shifts is the entry into the market of the twenty-somethings part of Generation Z. Born between 1997 and 2012, this generation is bringing a fresh, vibrant […]
MIAMI – Three South Florida counties are on the Top 10 list for healthiest places to live in the Sunshine State, with three other Florida counties earning a spot in the national Top 500 healthiest communities in America rankings from U.S. News & World Report. Broward took the No. 4 spot on Florida’s Top […]
SANTA CLARA, Calif. – Home price growth and inventory are now predicted to end the year with year-over-year gains, according to the Realtor.com 2024 Forecast Update. For-sale inventory is forecasted to see the biggest change as home sellers patiently wait for buyers instead of delisting. Existing home median sales price is forecasted to increase […]
CHICAGO – A written agreement is a prime opportunity to explain all the services you provide and the value you bring to the transaction. Keep in mind that selling the value of an intangible service, such as what you offer to buyers and sellers, may take extra thought, patience and explanation. “The buyer can’t […]
TALLAHASSEE, Fla. – Florida Insurance Commissioner Michael Yaworsky announced a series of developments in the state’s property insurance market that point to signs of improvement and stability. Yaworsky highlighted recent rate filings, reduced reinsurance costs and a surge in participation in the Citizens Property Insurance Corporation’s Depopulation Program among the indicators of positive movement. […]
NEW YORK – Thanks to the pandemic-fueled housing boom, Americans are sitting atop a massive pile of home equity. As a result, many face a decision: Should they borrow against their homeownership stake to support spending for various goals? To gain insight into how homeowners view their equity wealth, Bankrate asked for their opinions. […]
Jacksonville, Orlando and Tampa are among the top rental markets in the state offering concessions. The U.S. rental vacancy rate held steady at 6.6%.
As of Monday, insurers reported 11,972 claims from Debby totaling $89.5 million in estimated losses. Of those, 7,325 were residential and 198 commercial.