WASHINGTON – Sales of new single-family homes in January increased 1.5% to a 661,000 seasonally adjusted annual rate from a downwardly revised reading in December, according to data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The pace of new home sales in January is up 1.8% from […]
News & Media NEW YORK – Although core inflation has declined in the last year, the cost of housing continues to be stubbornly high. The cost of shelter for January increased 6% from a year ago, and the U.S. Labor Department said it has risen faster on a monthly basis than in December, accounting […]
News & Media IRVING, Texas – Real estate branding is more than slapping a name on the business. It’s an opportunity to create and grow a memorable identity that is recognizable and demonstrates to clients that you know the market best. Once a real estate professional has a brand, they should take steps to […]
WASHINGTON – Multifamily starts are predicted to decline in 2024, according to the National Association of Home Builders (NAHB). Meanwhile, the remodeling sector remains on solid ground and will hold steady this year. Multifamily starts totaled 472,000 units in 2023, down 14% compared to the previous year. NAHB is projecting that multifamily starts will […]
WASHINGTON (AP) – An inflation gauge favored by the Federal Reserve increased in January, the latest sign that the slowdown in U.S. consumer price increases is occurring unevenly from month to month. The government reported Thursday that prices rose 0.3% from December to January, up from 0.1% in the previous month. But in a more encouraging sign, prices […]
News & Media Links to /media/4420 Learn more about Florida Realtors committees and how your expertise a Realtor® is essential to our member-led and member-focused association. Click here to request a committee assignment. ORLANDO, Fla. – Committees are the backbone of the association’s drive to improve Florida’s real estate industry. Volunteer committee service enables […]
News & Media WASHINGTON – Pending home sales in January dropped 4.9%, according to the National Association of Realtors®. The Northeast and West posted monthly gains in transactions while the Midwest and South recorded losses. All four U.S. regions registered year-over-year decreases. The Pending Home Sales Index (PHSI) – a forward-looking indicator of home […]
LOS ANGELES (AP) – The average long-term U.S. mortgage rate rose for the fourth consecutive week, another setback for prospective homebuyers just as the spring homebuying season gets going. The average rate on a 30-year mortgage rose to 6.94% from 6.90% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate […]
ORLANDO, Fla. – In today’s fast-paced market, sellers receive many competitive offers on their properties. Some sellers may choose to ask for highest and best; some sellers may just accept one of the offers presented to them. This article isn’t about that though. This article focuses on the agents involved and their actions with […]
ORLANDO, Fla. – Question: I’m a sales associate who switched real estate companies a few months ago. I thought everything was in order, but when my former broker paid me for a transaction that closed, the amount didn’t match the split we had when I worked there. My former broker can’t do this to […]
ORLANDO, Fla. – Dear Shannon: I’m a highly professional, well-respected commercial broker, and I negotiated a finder’s fee with a potential buyer to locate a small commercial property. The buyer had specific requirements and said they didn’t have room to compromise. We agreed the buyer would pay me a finder’s fee if I found […]
WASHINGTON – Recent legislation challenges the classification of real estate professionals. The U.S. Department of Labor’s (DOL) recent final rule regarding how workers should be classified under the Fair Labor Standards Act (FLSA) could pose a risk to real estate professionals’ classification as independent contractors, according to the National Association of Realtors® (NAR). As […]