LOS ANGELES — The average long-term U.S. mortgage rate climbed back to nearly 7% this week, pushing up borrowing costs for home shoppers with the spring homebuying season underway. The average rate on a 30-year mortgage rose to 6.87% from 6.74% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate […]
News & Media NEW YORK — Starting a real estate business can be arduous, but building and cultivating a client base doesn’t have to be difficult or expensive. Instead, agents need to be confident and brave. Consider the following when trying to build a brand: Go into the community: Make sure community members know you […]
NEW YORK – While you’re living in your home, you may find its value is tied to the memories created with the ones you love. As soon as you list your home for sale, the meaning of “home value” immediately changes. It’s time to pack up those memories – along with your dishes, lamps, […]
NEW YORK — If you’ve spent the last few years watching the housing market heat up from your rented apartment or childhood bedroom or any other space that isn’t your own, it can feel a bit like you’ve missed out. Amidst the COVID pandemic, the U.S. saw 30-year fixed mortgage rates drop to historic […]
NEW YORK – A 2023 report from investment firm Vanguard estimates that about a quarter of Americans aged 60 and over could move to a cheaper housing market and use the equity in their homes to upsize their retirement savings — making retirement more secure and enjoyable. Those with home prices near the national […]
CHERRY HILL, N.J.— Despite lingering concerns around affordability and interest rates, most first-time homebuyers still feel optimistic about the housing market in 2024 and are ready to spend, according to an annual study from TD Bank. With home prices temporarily edging downward following their all-time high in 2023, according to the January Case-Shiller Index, […]
News & Media CHICAGO – The National Association of Realtors® (NAR) does not set commissions – they are negotiable. The rule that has been the subject of litigation requires only that listing brokers communicate an offer of compensation. That offer can be any amount, including zero. And other rules throughout the MLS Handbook and […]
NEW YORK – The process of buying a home involves a number of variables that present at various times throughout buyers’ search for a home. For instance, real estate professionals typically advise buyers to receive a mortgage preapproval prior to beginning their search for a new home. Once such preliminary measures have been taken […]
GAINESVILLE, Fla. – While Florida is booming in home sales and new construction, the influx of people moving to the state means affordable housing remains an issue, according to a new report from the University of Florida. More than 450,000 people moved to Florida in 2021 and 2022, according to the report. Single family […]
News & Media ORLANDO – On March 19, 2024, a new form was released for member use. In addition, several forms were amended: Language was removed from the CRSP Condo Addendum and Cooperative Addendum regarding a deadline by which sellers had to provide certain documents to buyers. The Septic Program Replacement Addendum was amended […]
BARTOW, Fla. — Polk County was the county more people moved to last year than any other county in the U.S., according to the estimates. More than 29,300 people moved last year to the county located between Tampa and Orlando, two metro areas where housing has grown increasingly pricey, and the county is considered […]
WASHINGTON – Single-family housing starts increased 10.7% in February to their highest level since April 2022, boosted by pent-up demand, moderating interest rates and a lack of existing inventory, according to the U.S. Department of Housing and Urban Development (HUD) and the U.S. Census Bureau. Overall housing starts increased to a seasonally adjusted annual […]