NEW YORK – Real estate has garnered considerable attention since 2020, and for good reason. Though speculators and real estate professionals may point to several variables that have affected the home market in recent years, the pandemic certainly was among those factors. Real estate prices and mortgage interest rates increased significantly during the pandemic […]
NEW YORK –The majority of home buyers and sellers rely on real estate agents—nearly 90% of them—but they’re looking for certain types of help, and what they need could differ depending on their age and experience in the market, finds a new study from the National Association of Realtors®. Home buyers, for example, don’t […]
LAS VEGAS – Bruce Hiatt is hoping the integration of artificial intelligence will help take his real estate company to the next level, and in turn, could require less physical agents in the process. Hiatt, a Las Vegas-based broker who is also the owner of Luxury Realty Group, is currently beta testing an AI […]
TALLAHASSEE, Fla. – Floridians received a second reminder Thursday to brace for a busy 2024 hurricane season, as Colorado State University researchers issued a forecast pointing to warm Atlantic Ocean water that fuels storms. Philip Klotzbach, a senior research scientist in the university’s Department of Atmospheric Science, said the forecast for a “very, very […]
MIAMI – With sun-kissed beaches, vibrant cultural scenes and appealing tax benefits, Florida has always been a coveted destination for luxury real estate investors and developers. The state has witnessed an unprecedented boom in its luxury real estate sector in recent years, driven by economic, lifestyle and demographic factors. From lively Miami Beach to […]
MIAMI – We all know “There’s no place like home” – but buying a house in Florida requires more than clicking your heels together three times. Issues like insurance coverage, mortgage rates and construction supply shortages have plagued Florida home buyers for years. COVID and Hurricane Ian further complicated the process of buying a […]
WASHINGTON – Millennials have surged ahead to become the largest group of home buyers, marking a significant shift in the housing market’s demographic landscape, according to the latest report from the National Association of Realtors®. The 2024 Home Buyers and Sellers Generational Trends report, which examines the similarities and differences among recent home buyers and sellers […]
NEW YORK — The way global real estate markets interact with technology ecosystems is undergoing dramatic change. Multiple listings services (MLSs) and brokerages across continents are modernizing markets and data systems that were formerly analog and fragmented. The evidence is everywhere: AI tech from Spain is powering data platforms in the U.S. Canadian brokers […]
TALLAHASSEE, Fla. – Another property and casualty insurer was recently approved to enter Florida’s insurance market, bringing a total of eight new insurers following legislative reforms aimed at stabilizing the market, state insurance regulators said Wednesday. The Florida Office of Insurance Regulation (OIR) said Ovation Home Insurance Exchange, the most recent approval, joins Manatee […]
LOS ANGELES – The average long-term U.S. mortgage rate rose modestly this week, holding below 7% as it has for much of this year. The average rate on a 30-year mortgage rose to 6.82% from 6.79% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.28%. When mortgage rates […]
TALLAHASSEE, Fla. – FloridaCommerce announced more than $910 million in funding is available for Hurricane-Ian impacted Floridians with a priority on severely impacted communities and vulnerable low-income residents. The funds, available through four Rebuild Florida programs, are aimed at creating safe and sanitary homes, creating new affordable workforce housing and shoring up infrastructure programs […]
WASHINGTON – A growing number of buyers building new homes want smaller structures with affordable designs. A National Association of Home Builders (NAHB) analysis found that new homes built in 2023 reached their smallest median size in 13 years. More than a third (38%) of builders say they built smaller homes in 2023, and […]