News & Media SEATTLE — The median U.S. home-sale price hit an all-time high of $394,000 during the four weeks ending June 9, up 4.4% year over year — the biggest increase in about three months. That’s according to a new report from the real estate brokerage Redfin. There are signs that home-price growth […]
NEW YORK – Cracks in the walls can reveal a lot about a home’s health. These imperfections are a natural result of everyday use, but sometimes they can be a sign of something more serious. The timing and severity of certain cracks may depend on factors like a home’s construction type, building quality, foundation […]
ORLANDO, Fla. – The Florida Realtors® Disaster Relief Fund began accepting applications after Gov. Ron DeSantis declared a state of emergency in five South Florida counties impacted by severe flash flooding on June 12. Realtors®, Realtor boards/associations and their staff in Broward, Collier, Lee, Miami-Dade and Sarasota counties are eligible to apply. The […]
WASHINGTON — Federal Reserve officials said Wednesday that inflation has fallen further toward their target level in recent months but signaled that they expect to cut their benchmark interest rate just once this year. The policymakers’ forecast for one rate cut was down from their previous projection of three cuts, because inflation, despite having […]
LOS ANGELES — Mortgage rates eased again this week, though the latest pullback leaves the average rate on a 30-year home loan at close to 7%, where it’s been much of this year. The rate fell to 6.95% from 6.99% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged […]
News & Media The new budget includes significant funding linked to Florida Realtors Legislative priorities, including $100 million for the Hometown Heroes Housing Program. TALLAHASSEE – Gov. Ron DeSantis signed Florida’s 2024-2025 Fiscal Year budget on Wednesday, approving numerous Florida Realtors priorities that were passed during the legislative session. The $116.5 billion budget features […]
IRVINE, Calif. — Foreclosures ticked up in parts of the United States, including Florida, in May but were down overall from a year ago, the real estate data company ATTOM found. The company’s May 2024 U.S. Foreclosure Market Report showed there were a total of 32,621 properties with foreclosure filings — default notices, scheduled […]
SEBRING, Fla. – Finding a reliable, reputable real estate agent is essential when you are considering buying or selling a home. These professionals can guide you through complicated negotiations and contracts to secure you the best deal you can get. They’ll also be able to inform you of the precise steps you need to […]
WASHINGTON – More than 900 business professionals from all areas of residential construction descended on the nation’s capital Wednesday to encourage Congress to alleviate the challenges to building affordable housing and boosting housing production. “Members of the housing community from across the nation have come to the nation’s capital for the National Association of […]
TALLAHASSEE, Fla. – Florida Gov. Ron DeSantis has signed a bill that will help create more affordable housing in the Florida Keys. The bill, SB 1456, allows surplus Monroe County Tourist Development Council (TDC) funding to be used for affordable housing on a one-time basis and also includes language that would help facilitate the […]
News & Media WASHINGTON – The Consumer Price Index clocks inflation between spring 2019 and spring 2024 at 22.9%. But Zillow home sale data demonstrates a particularly swift hike in home prices during this time, with the average home sale increasing by 49.4% in the same window. Housing costs are often the largest budget […]
WASHINGTON — Inflation in the United States eased in May for a second straight month, a hopeful sign that a pickup in prices that occurred early this year may have passed. The trend, if it holds, could move the Federal Reserve closer to cutting its benchmark interest rate from its 23-year peak. Consumer prices […]