WASHINGTON – The homeownership rate for Black Americans has been rising in recent years – ever since, after falling to historical lows in 2019, a group of housing organizations banded together to form the Black Homeownership Collaborative to do something about it. “It’s been a dramatic turnaround, but it did not just happen,” Lisa […]
News & Media NEW YORK – Advanced artificial intelligence (AI) tools are being used by real estate professionals to improve their listing photos, replying to clients and improving listing copy. Others are using the tools to predict which homeowners are likely to sell based on a variety of data points, including the age of […]
WASHINGTON – Existing-home sales slightly declined in May as the median sales price climbed to a record high, according to the National Association of Realtors®. In the four major U.S. regions, sales slid month-over-month in the South but were unchanged in the Northeast, Midwest and West. Year-over-year, sales rose in the Midwest but receded […]
NAPLES, Fla. – Fifteen-year-old girls dancing in their bedrooms and teenage boys playing pranks won’t be the only TikTokers out of luck if the United States bans the popular app. Local businesses and influencers who depend on the app will have to find new ways to sell their products and attract customers. “I go […]
News & Media Links to /media/4629 Florida Realtors has released four new forms — two compensation agreements and modification forms, for each compensation agreement. ➡️ CLICK HERE TO FIND THE FORMS & LEARN MORE ORLANDO, Fla. – Florida Realtors® released four new forms that incorporate the practice changes required for National Association of Realtors® […]
ORLANDO, Fla.– In May, Florida’s housing market reported more new listings, increased for-sale inventory and higher median prices compared to a year ago, according to Florida Realtors®’ latest housing data. Links to /media/4631 New listings and inventory climbed at the statewide level in May, but there’s a decent amount of variation at the county […]
FORT LAUDERDALE, Fla. – Question: We recently signed a contract to sell our home. Yesterday, our real estate agent told us the buyer was canceling because they could not get financing. We feel we should be able to keep the deposit because we denied other offers for this one and wasted more than a […]
NEW YORK – The $2.4 trillion office building sector continues to struggle with property values falling for aging buildings, high interest rates on new loans and refinancing, and poor tenant demand after the pandemic. Opportunistic buyers have found some large office buildings at a steep discount up to 70%, making the office market an […]
MINNEAPOLIS – Last year, after Deb Jerikovsky’s husband died, she decided to swap the lake home where they planned to spend retirement for a house in the metro that’s closer to family. She put that plan on hold, however, once she realized 7% mortgage rates would force her to dip too deeply into her […]
News & Media MIAMI – Even with more housing inventory available in the Florida market, developers of single-family homes appear undeterred. Ali Wolf, chief economist at Zonda, an analytics firm specializing in new construction, said, “The rise in [housing] inventory in Florida has definitely caused rumblings in the new home industry. We’ve had builders […]
LOS ANGELES (AP) – Home loan borrowing costs eased again this week as the average rate on a 30-year mortgage declined to its lowest level since early April. The rate fell to 6.87% from 6.95% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.67%. This is the third straight weekly […]
WASHINGTON – Single-family and multifamily housing starts fell in May as high interest rates for construction and development loans and mortgage rates held back both housing supply and demand. Overall housing starts fell 5.5% in May to a seasonally adjusted annual rate of 1.28 million units, according to a report from the U.S. Department […]