WASHINGTON – Young adults ages 25-34 continued the post-pandemic trend of moving out of parental homes with the share of those living with parents or parents-in-law dropping to 19.1% in 2022. A geospatial analysis of the 2022 ACS data found there are substantial differences across states, with the Southern and Northeastern states registering some […]
MIAMI – Florida is on the verge of passing the strongest consumer protections in state history for a problem-plagued home loan program touted to help homeowners pay for energy efficiency projects like solar panels and hurricane protection like impact windows or new roofs. The Property Assessed Clean Energy program – commonly known as PACE […]
News & Media By Na Zhao WASHINGTON – The National Association of Home Builders’ (NAHB) analysis of Census data shows that private residential construction spending rose 0.2% in January 2024, the second month of gains in a row. It stood at a seasonally adjusted annual pace of $900.8 billion. The monthly increase in total […]
SEBRING, Fla. – Ben and Erin Napier, hosts of the TV show “Home Town” on HGTV, will soon be bringing their small town makeover and renewal treatment to Florida. The duo recently announced that Sebring, Florida, will be the site for Season 3 of the “Home Town Takeover,” which follows the Napiers and many […]
WASHINGTON – Following a brief uptick in new home sizes in 2021, the average size of a new home continues to inch smaller – dropping from 2,479 square feet in 2022 to 2,411 square feet in 2023, the smallest average size in 13 years – to match home buyer preferences for less square footage. […]
CHICAGO – The National Association of Realtors®’ (NAR) consumer ad campaign for 2024 takes a consumer-first approach in demonstrating Realtor® value and the many ways Realtors put their expertise into action as they help clients navigate the complexities and nuances of the property buying or selling process. The campaign is supported with a robust […]
News & Media TALLAHASSEE, Fla. – Florida regulators Thursday approved proposals by three insurers to take up to 54,386 policies from the state’s Citizens Property Insurance Corp. in May. The approvals, signed by Insurance Commissioner Michael Yaworsky, are part of what is known as a “depopulation” program aimed at moving policies from Citizens into […]
WASHINGTON – National home prices continued to increase, hitting a new all-time high in December. Despite high mortgage rates, limited inventory and strong demand continued to push up home prices. Six of 20 metro areas, experienced negative home price appreciation in December. The S&P CoreLogic Case-Shiller U.S. National Home Price Index (HPI), reported by […]
ORANGE PARK, Fla. – Across Florida, scammers are selling people’s land and even homes behind their backs. Officials are urging property owners to protect themselves this week. It’s called property deed fraud, and there’s been a big spike in cases here in Florida because the real estate market in the Sunshine State is hot. More than 54% of real estate professionals experienced it firsthand in just […]
FORT LAUDERDALE, Fla.– Question: We took out a reverse mortgage in 2011 and I thought I understood how it worked. However, having reviewed the documents, I cannot find where it discusses the non-recourse clause I heard about. As I get on in years, I want to be sure I can safely leave my other […]
WASHINGTON – Older homeowners aged 60-plus years like their homes, many view the equity in those homes as a financial reserve, and a significant share are confident of their overall retirement financial plan and expect to age in place, according to a recent Fannie Mae research study. The homeownership rate among this age group […]
LAS VEGAS – While higher interest rates pushed single-family starts down in 2022 and 2023, production should move on a gradual upward path in 2024 as the Federal Reserve is on track to cut rates during the second half of the year with inflation slowing, according to economists speaking at the National Association of […]