WASHINGTON – The average rate on a 30-year mortgage in the U.S. edged closer to 6% this week to its lowest level since early February 2023. The rate fell to 6.09% from 6.20% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 7.19%. The last time the average rate […]
CHICAGO – Home staging can make all the difference in envisioning empty interiors as cozy spaces and turning lived-in places into a buyer’s dream home. Some staging projects only require a few key accessories, fluffing and repositioning to make all the difference, while other projects require more heavy lifting. Cheryl Eisen is a New […]
SEATTLE — Sales of existing homes fell 1% month over month and 3.1% year over year in August to a seasonally adjusted annual rate of 4,042,369, according to a new report from the brokerage Redfin. That’s the lowest level in records dating back to 2012, with the exception of May 2020, when the pandemic […]
CHICAGO – In real estate, brokerages are the apparatus through which real estate agents get the job done. Finding the right apparatus is a crucial piece to your career path puzzle. The brokerage you choose will not only influence your business but also mold your professional identity, long-term success and growth. You might be […]
WASHINGTON – Single-family starts posted a solid gain in August on robust demand and moderating mortgage rates even as builders continue to grapple with challenges related to lot and labor shortages and elevated prices for many building materials. Overall housing starts increased 9.6% in August to a seasonally adjusted annual rate of 1.36 million […]
WASHINGTON – With mortgage rates declining by more than one-half of a percentage point from early August through mid-September, per Freddie Mac, builder sentiment edged higher this month even as builders continue to grapple with rising costs. Builder confidence in the market for newly built single-family homes was 41 in September, up two points […]
MIAMI – Delays in the federal probe into what caused the deadly Champlain Towers South condo collapse in 2021 mean a draft report on the findings is now expected in 2026, a year later than previously estimated. In a Sept. 12 update, an investigative team with the National Institute of Standards and Technology said […]
NEW YORK – The Federal Reserve has cut its benchmark interest rate from its 23-year high, with consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses. On Wednesday, the Fed announced that it reduced its key rate by an unusually large half-percentage point, to between 4.75 and […]
NEW YORK – In commercial property, the once hot investment, life sciences property, may now become office space, rather than pharmaceutical or biotech property. With a glut of lab space on the market, developers are looking to fill these empty spaces with offices, and sometimes at a discount. Many of these spaces have climate-controlled […]
News & Media TALLAHASSEE, Fla. – Estimated insured losses from Hurricane Debby continue to slowly increase and totaled $124.8 million as of Friday, according to data posted on the Florida Office of Insurance Regulation website. The estimate was up from $121.5 million a week earlier. Debby made landfall Aug. 5 as a Category 1 […]
ARCADIA, Fla. – The School District of DeSoto County looks to be on track to fill teacher vacancies this school year. But with nearly 20 elementary school spots open since the beginning of the 2023-24 school year and dwindling housing inventory, progress of reaching 100% capacity has halted. But officials have proposed an idea […]
FORT LAUDERDALE, Fla. – Question: We live in a small condominium. Our board just told us that we need to pay extra each month for the next few years to cover the cost of renovations, including the little gym near the lobby. They did not ask us if we were OK with this or […]
