News & Media TALLAHASSEE, Fla. – Florida regulators Thursday approved proposals by three insurers to take up to 54,386 policies from the state’s Citizens Property Insurance Corp. in May. The approvals, signed by Insurance Commissioner Michael Yaworsky, are part of what is known as a “depopulation” program aimed at moving policies from Citizens into […]
WASHINGTON – National home prices continued to increase, hitting a new all-time high in December. Despite high mortgage rates, limited inventory and strong demand continued to push up home prices. Six of 20 metro areas, experienced negative home price appreciation in December. The S&P CoreLogic Case-Shiller U.S. National Home Price Index (HPI), reported by […]
ORANGE PARK, Fla. – Across Florida, scammers are selling people’s land and even homes behind their backs. Officials are urging property owners to protect themselves this week. It’s called property deed fraud, and there’s been a big spike in cases here in Florida because the real estate market in the Sunshine State is hot. More than 54% of real estate professionals experienced it firsthand in just […]
FORT LAUDERDALE, Fla.– Question: We took out a reverse mortgage in 2011 and I thought I understood how it worked. However, having reviewed the documents, I cannot find where it discusses the non-recourse clause I heard about. As I get on in years, I want to be sure I can safely leave my other […]
WASHINGTON – Older homeowners aged 60-plus years like their homes, many view the equity in those homes as a financial reserve, and a significant share are confident of their overall retirement financial plan and expect to age in place, according to a recent Fannie Mae research study. The homeownership rate among this age group […]
LAS VEGAS – While higher interest rates pushed single-family starts down in 2022 and 2023, production should move on a gradual upward path in 2024 as the Federal Reserve is on track to cut rates during the second half of the year with inflation slowing, according to economists speaking at the National Association of […]
CHICAGO – It’s been a profitable few years for Big Tech – the dominant technology industry giants defined by their size, influence and financial success (namely Amazon, Apple, Google, Meta, Microsoft and newcomer Nvidia). And these big tech giants could set their sights on real estate in numerous ways. As the development and market […]
WASHINGTON – Sales of new single-family homes in January increased 1.5% to a 661,000 seasonally adjusted annual rate from a downwardly revised reading in December, according to data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The pace of new home sales in January is up 1.8% from […]
News & Media NEW YORK – Although core inflation has declined in the last year, the cost of housing continues to be stubbornly high. The cost of shelter for January increased 6% from a year ago, and the U.S. Labor Department said it has risen faster on a monthly basis than in December, accounting […]
News & Media IRVING, Texas – Real estate branding is more than slapping a name on the business. It’s an opportunity to create and grow a memorable identity that is recognizable and demonstrates to clients that you know the market best. Once a real estate professional has a brand, they should take steps to […]
WASHINGTON – Multifamily starts are predicted to decline in 2024, according to the National Association of Home Builders (NAHB). Meanwhile, the remodeling sector remains on solid ground and will hold steady this year. Multifamily starts totaled 472,000 units in 2023, down 14% compared to the previous year. NAHB is projecting that multifamily starts will […]
WASHINGTON (AP) – An inflation gauge favored by the Federal Reserve increased in January, the latest sign that the slowdown in U.S. consumer price increases is occurring unevenly from month to month. The government reported Thursday that prices rose 0.3% from December to January, up from 0.1% in the previous month. But in a more encouraging sign, prices […]