News & Media By Amy Connolly WASHINGTON – New listings rose 13% year-over-year nationwide during the four weeks ending March 3, the biggest increase in nearly three years, the real estate brokerage firm Redfin reported. After eight months of declines, February is the first month the number of homes for sale has increased on […]
LOS ANGELES — The average long-term U.S. mortgage rate edged lower for the first time in five weeks, a welcome shift for home shoppers this spring homebuying season. The average rate on a 30-year mortgage slipped to 6.88% from 6.94% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged […]
WASHINGTON – People often think of disasters as great equalizers. After all, a hurricane, tornado or wildfire doesn’t discriminate against those in its path. But the consequences for those impacted are not “one-size-fits-all.” That’s evident in the U.S. Census Bureau’s newly released results from its national household surveys showing who was displaced by disasters […]
WASHINGTON — Texan Dixie Warden is quick to say she’s “not a numbers girl.” But as the first user of the government’s new free electronic tax return filing system, Warden reports she completed her taxes this year in about an hour using the program. “I don’t want to call myself a dummy, but this […]
News & Media MIAMI – Since 2012, there are fewer Black and Hispanic homeowners in Miami-Dade and Broward counties, the latest U.S. Census Bureau data shows. The Census Bureau said there were 983,509 occupied Miami-Dade County residences in 2022, and owners lived in a total of 507,879 of those residences. Redfin found 44% of […]
News & Media By Melissa Dittmann Tracey CHICAGO – There’s a reason why home stagers prefer white or neutral colors when preparing a home for the market. Some colors can be distracting and a turn-off to home buyers. Rethink a red-painted living room or dining area; red is the most off-putting color, according to […]
WASHINGTON — Chair Jerome Powell reinforced his belief Wednesday that the Federal Reserve will cut its key interest rate this year but it first wants to see more evidence that inflation is falling sustainably back to the Fed’s 2% target. Powell noted that inflation is slowing for both goods and services and did not […]
News & Media By Katlyn Brieskorn TAMPA, Fla. — If you are in the market to buy a house but want to save some money, you may want to check out the results of a recent study that found the “most affordable” ZIP codes to buy property in every state. American Shield Home said […]
News & Media LAKE GENEVA, Wis. – The Relitix’s Agent Movement Index shows that real estate agents are switching brokerages at a faster rate than in 2024 after staying put when housing inventory was low. With growth in the housing market improving this year, agents are more confident about switching firms. The monthly AMI […]
News & Media MIAMI – During the University of Miami’s recent 2024 Real Estate Impact Conference, executives from Lennar Corp. and Invitation Homes talked about how technology, single-family rentals and good partnerships can help address the national housing shortage. Stuart Miller, executive chairman and co-CEO of Lennar Corp., indicated that Invitation Homes’ build-to-rent model […]
CONYERS, Ga. – There are nine income tax-free states scattered across America. While tax-free income seems like paradise at first glance, it’s still important to understand the tax structures within these states are like a complex jigsaw puzzle. States still need to function, so some of the revenue puzzle pieces include sales tax, property taxes, […]
WASHINGTON – Young adults ages 25-34 continued the post-pandemic trend of moving out of parental homes with the share of those living with parents or parents-in-law dropping to 19.1% in 2022. A geospatial analysis of the 2022 ACS data found there are substantial differences across states, with the Southern and Northeastern states registering some […]