News & Media TALLAHASSEE, Fla. – Rather than follow the old model of “always be closing,” professionals should consider ways in which they can better serve their clients and provide them with value. The closing cycle itself takes 60 to 90 days, which means the more value you provide before closing one sale can […]
News & Media SHERIDAN, Wyo. – Florida ranks No. 2 as the best state for entrepreneurs and small businesses in the U.S in 2024, according to a new study from SimplifyLLC. Coming in just behind Texas, Florida received top marks because the state was No. 1 for the net influx of educated workers, at […]
WASHINGTON – Existing-home sales grew in January, up 3.1% from December, according to the National Association of Realtors®. Total existing home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – increased to a seasonally adjusted annual rate of 4.00 million in January. However, sales year-over-year slipped 1.7% (down from 4.07 […]
FORT LAUDERDALE, Fla. – Condominium associations near Florida’s coast will get access to $175,000 per association in state funds for stormproofing projects under a House bill that’s nearing the finish line. The Senate version of the bill does not have a cap. The “My Safe Florida Condominium Pilot Program” would provide condo associations with the type of financial assistance currently […]
News & Media By Marla Martin MCLEAN, Va. – The 30-year fixed-rate mortgage (FRM) averaged 6.90%, this week, up from last week’s average of 6.77%, according to Freddie Mac. “Strong incoming economic and inflation data has caused the market to re-evaluate the path of monetary policy, leading to higher mortgage rates,” said Sam Khater, […]
ORLANDO, Fla. – Florida’s housing market started 2024 with higher median prices, more new listings, more inventory (active listings) and median prices in January compared to a year ago, according to Florida Realtors®’ latest housing data. However, mortgage interest rates above 6% continued to impact potential homebuyers’ purchase power, while also contributing to a […]
News & Media CHICAGO – With tight home sale markets, real estate professionals may want to consider tapping the rental market for business. The National Association of Realtors (NAR) reports that the rental market has seen more multifamily construction and stabilizing rent increases, which could help professionals get in front of renters and meet […]
News & Media DORAL, Fla. – Engineers are working on new 51-acre development for military housing near the U.S. Southern Command (SOUTHCOM) headquarters in Doral, Florida. The project includes 139 units of duplexes, townhouses, single-family homes, and apartments for accompanied and unaccompanied service members. Part of the 1990s Department of Defense’s Military Housing Privatization […]
NEW YORK – Eric Jesse, a partner with Lowenstein Sandler’s Insurance Recovery Group, discussed the current state of the property insurance market. He offered tips on how companies can make their commercial properties a more attractive risk to insurers. Eric Jesse: Commercial property insurance is a core coverage for businesses. It protects your business’ […]
IRVINE, Calif. – For Ivan Estrada, ChatGPT is like “your smartest best friend.” The Beverly Hills real estate agent uses it daily to research and write emails, blog posts, newsletters and listing descriptions in a fraction of the time it normally takes. “Whatever we get back is like 90% complete,” Estrada said of the artificial intelligence tool. […]
CHICAGO – A majority of taxpayers feel they pay too much in taxes, with many saying that they receive a poor value in return, according to a new poll from the University of Chicago Harris School of Public Policy and The Associated Press-NORC Center for Public Affairs Research. Two-thirds of U.S. taxpayers say they spend “too much” on federal […]
NEW YORK – Inflation is slowing, and job growth has surged but many Americans still feel the burden of expensive housing – fueled in part by high demand, low inventory and mortgage rates. Home prices across the U.S. rose 5.5% over the past year in December 2023 and they are projected to increase 2.8% year over year by December 2024, according to […]