NEW YORK – The popularity of remote work in the United States has emptied office buildings, a cause for worry as their value falls and owners risk losses on property loans – in turn putting pressure on smaller banks. “There will be bank failures, but this is not the big banks,” said U.S Federal […]
News & Media NEW YORK – When asked to name the single biggest benefit of homeownership, the most common answer for homeowners was privacy (14%), while renters pointed to stability (16%). On every single aspect of life from overall quality of life to mental health, homeowners are more satisfied than renters, according to new […]
NEW YORK – Entrepreneurs and business owners often seek various financial solutions to meet their funding needs, and one such option that has gained popularity is a business line of credit. A business line of credit offers flexibility and can be a valuable tool for managing cash flow, covering expenses and seizing opportunities as […]
News & Media NEW YORK – Prospective home buyers are widening their home search areas to find new places to live. The National Association of Realtors® (NAR) says the median distance that buyers traveled to their new homes was 50 miles in 2022, which was triple the median distance that most people clocked in […]
NEW YORK – Mortgage rates are expected to go down sometime in 2024, but the decline probably won’t start in March. Instead, mortgage rates are likely to remain about the same because the economy hasn’t cooled off enough yet to cause them to fall. When the economy grows robustly, and plenty of jobs are […]
WASHINGTON – Sophisticated scammers can hijack real estate transactions using deepfake audio and video to impersonate agents and other parties involved in a home purchase, security experts warn. The fears are mounting after police in Hong Kong last month alerted the public that a financier had been duped into wiring $25 million to scammers […]
WASHINGTON – The commercial real estate market has a lot to gain if the Federal Reserve follows through on anticipated interest rate cuts this year. It was under high interest rates that the number of commercial transactions dropped by 60% in 2023 compared to 2021, National Association of Realtors® Chief Economist Lawrence Yun said […]
News & Media NEW YORK – To grow a real estate business, agents need to be able to handle the market volatility and adapt to the changing market conditions. Agents should consistently evaluate their sales strategy to identify their weak points and adjust to sales trends. To grab the attention of potential buyers, listing […]
NEW YORK – Potential home buyers typically have lists of requirements they would like to find in a new home. Although there are many features that are universally appreciated, certain elements may appeal to particular buyers more than others. For example, a swimming pool may be coveted by active families, but may not be […]
News & Media NEW YORK – The number of new rental apartments coming to the market is on the rise across the United States, with more buildings taller than before as local officials revise zoning and other laws and institutional investors fuel construction in smaller cities. The number of apartments entering the market is […]
FORT LAUDERDALE, Fla. – A federal probe into the June 2021 collapse of a Surfside condo tower that left 98 people dead continues to point to the building’s pool deck as the most likely initiation point of the collapse, investigators said Thursday at a meeting in Maryland. In their first public update since last […]
MIAMI – How far does Florida renters’ income go toward paying everyday expenses? A new study shows the South Florida region falling short in affordability when compared with other parts of the United States. Out of nearly 200 cities reviewed, Fort Lauderdale and Miami were among the lowest ranked in how much renters get […]