NEW YORK — In recent years, home sellers have experienced record profits as the value of real estate has risen dramatically. Bankrate indicates the median home price across the United States is around $486,000. Flipping homes gained popularity prior to the spike in real estate prices, but that increase has led some novices to […]
WASHINGTON – Builder confidence in the market for newly built single-family homes remained unchanged in April from the previous month when it hit its highest level since July 2023, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI). The builder confidence index remains at 51, breaking a four-month period […]
LOS ANGELES — Shop for a home now or hold out for the possibility of lower mortgage rates? That question is confronting many home shoppers this spring homebuying season. Lower rates give home shoppers more financial breathing room, so holding out for a more attractive rate can make a big difference, especially for first-time […]
News & Media TALLAHASSEE, Fla. — Business owners will see an earlier-than-anticipated reduction to the state’s lease tax, beginning in June rather than July, state leaders said. Florida’s commercial lease sales tax rate, also known as the Business Rent Tax, will be reduced from 4.5% to 2.0%, providing Florida employers with at least an […]
NEW YORK — Business owners are diligent in strapping their companies with protection from potential hazards. Before developing your next emergency evacuation plan for a flood, consider what financial obligations you need to sort out first. There are many ways to financially prepare your business for a flood, and taking advantage of this list […]
News & Media By Amy Connolly CHICAGO – Realtor® Magazine, the magazine of the National Association of Realtors®, announced a 16-page digital supplement with valuable resources that help separate facts from fiction about the proposed $418 million settlement agreement to the Sitzer-Burnett verdict. The content debunks myths and helps explain the importance of a […]
MIAMI – If you have a fixed-rate mortgage, your payments will always stay the same, right? Wrong. Maybe you’ve heard the term PITI, which stands for the main components of a typical mortgage payment: principal, interest, taxes and insurance. And while the “P” and the first “I” won’t increase in a fixed-rate loan, the […]
WASHINGTON – Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items, the government said Wednesday in a report that will likely give pause to the Federal Reserve as it considers how often — or even whether — to cut interest rates this year. Prices outside the volatile […]
NEW YORK – Let’s cut right to the chase: 2024 will not be an easy year for the nation’s home buyers. The shortage of available homes will continue, which will hold prices aloft. And though mortgage rates may come down a bit throughout the year, they’ll continue to play a major role in affordability […]
News & Media TALLAHASSEE, Fla. – Pointing to changes made by state lawmakers, Florida Peninsula Insurance Co. on Thursday announced a 2% average reduction in property insurance rates for homeowners. The Boca Raton-based insurer said the reduction will take effect July 15 for new customers and Aug. 1 for customers renewing coverage. Florida lawmakers […]
Insurance insiders are optimistic about the home insurance market in Fla., saying rates are continuing to stabilize. A major hurricane could change things though.
An estimated $750 million annual revenue from a gambling compact between the state and the Seminole Tribe will go towards water-quality projects in the state.