BOCA RATON – Just a year ago, nearly all the measured Florida metros were at double-digit premiums, but now renters in Florida could see cheaper rents as most of the measured cities are showing signs of rents trading either at a discount compared to long-term pricing trends or premiums of less than 1%, according […]
MIAMI – Ultra-high housing prices may soon take a dip – at least in a handful of U.S. cities. CoreLogic, a financial analytics company that tracks real estate markets around the country, expects home prices to drop in several metro areas over the next year. While home prices in the Northeast – think places […]
NEW YORK – With mortgage interest rates near 7%, home sellers are pulling out all the stops when it comes to finding buyers. According to Thumbtack, in 2024’s first quarter, requests to hire home-staging companies rose 10% compared to the previous year, and the average cost of staging a home increased 18% to $1,816 […]
NEW YORK – Mortgage rates probably won’t vary much in the first week and a half of June. But starting June 12, it’s anyone’s guess what rates will do. A bunch of factors influence mortgage rates. In the last two-plus years, two items have exerted an especially big impact: the monthly consumer price index, […]
News & Media TALLAHASSEE, Fla. – The state sales tax on commercial leases dropped Saturday to 2.0% from 4.5%, providing Florida employers with an estimated $1 billion in tax relief. The tax, also known as the Business Rent Tax, was originally slated to begin on July 1 with a 2.5% reduction. The timing of […]
News & Media SEATTLE — One in six (16.6%) U.S. renters stayed in their home for 10 years or more in 2022, up from 13.9% a decade earlier, according to the real estate brokerage firm Redfin. Redfin analyzed renter tenure by other timeframes: 5-9 years: One in six (16.4%) lived in their home for […]
News & Media TALLAHASSEE, Fla. – The Florida Department of Financial Services (DFS) released new information about the My Safe Florida Home Program, a Florida Realtors® legislative priority. Under the program, property owners can protect their homes against storms and reduce their insurance premiums. The program received an additional $200 million in the past […]
News & Media ORLANDO, Fla. – Florida Realtors announced it postponed its release of updated forms designed to help Realtors in daily transactions. This comes after the National Association of Realtors® extended its deadline for practice changes following the recent settlement. The new Florida Realtors forms, originally slated for May 31, will now be […]
NEW YORK – Buying a dream home is an exciting milestone in anyone’s life, but it’s also a decision that requires careful consideration. There are plenty of factors to weigh before making such a significant investment, including costs, location, and the home’s condition. Here are five key considerations for home buyers to keep in […]
NEW YORK – Real estate experts from around the world held a virtual seminar on Wednesday to discuss how to mitigate the impact of expanded work-from-home opportunities created by the COVID-19 pandemic. The Volcker Alliance, a nonprofit think tank started in 2013 by former Federal Reserve Board Chairman Paul A, Volcker, hosted the event […]
News & Media NEW YORK – Conventional mortgage loans are one of the most popular options for financing a home, accounting for 77% of all mortgage loans issued in 2022, according to government data. Data show that Federal Housing Administration (FHA) loans accounted for 14% of loans and U.S. Department of Agriculture and Veterans […]
MIAMI – After starting a career in engineering in Boynton Beach, Florida, Moisey Abdurakhmanov was renting a home with friends when he decided he wanted his own place. “I realized I was basically paying somebody else’s mortgage every month,” he recalls. So when the lease was up, he moved back home with his parents, […]