LOS ANGELES — Home loan borrowing costs fell for the second week in a row, pulling the average long-term U.S. mortgage rate to its lowest level since early February — good news for prospective home shoppers as the spring homebuying season gets underway. The average rate on a 30-year mortgage dropped to 6.74% from […]
WASHINGTON – Home buyers who paid cash accounted for 32% of home sales in January, marking the highest rate since 2014, the National Association of Realtors® reports. Many leveraged the equity from a prior home sale. Vacation-home buyers and real estate investors made up the bulk of all-cash buyers over the last six months, […]
FORT LAUDERDALE, Fla. – Question: They have been building a house down the block for the last several months. Besides the trucks coming and going, the site is a mess, with debris in the yard and a porta-potty out along the street. While I understand the realities of construction, there is no reason for […]
News & Media MIAMI – Affordable housing in Miami is hard to find. Home prices rose 11% as of November 2023, according to CoreLogic, and a University of Florida housing analysis showed the Miami-Dade area was short over 90,000 affordable housing units. Miami-Dade Mayor Daniella Levine Cava plans to propose a $2.5 billion property […]
BOCA RATON, Fla. – Housing premiums in many markets in the country are starting to decline, suggesting that many areas across the country are moving toward stabilization, according to researchers at Florida Atlantic University and Florida International University. In eight out of the 10 most overvalued housing markets, housing price premiums have started to […]
NEW YORK – The process of buying and selling a home includes many movable parts. North America has experienced historic trends in the housing market in recent years. Most notably, record-high prices have dominated the real estate market over the last several years. High prices are good news for sellers, who can probably anticipate […]
NEW YORK – The popularity of remote work in the United States has emptied office buildings, a cause for worry as their value falls and owners risk losses on property loans – in turn putting pressure on smaller banks. “There will be bank failures, but this is not the big banks,” said U.S Federal […]
News & Media NEW YORK – When asked to name the single biggest benefit of homeownership, the most common answer for homeowners was privacy (14%), while renters pointed to stability (16%). On every single aspect of life from overall quality of life to mental health, homeowners are more satisfied than renters, according to new […]
NEW YORK – Entrepreneurs and business owners often seek various financial solutions to meet their funding needs, and one such option that has gained popularity is a business line of credit. A business line of credit offers flexibility and can be a valuable tool for managing cash flow, covering expenses and seizing opportunities as […]
News & Media NEW YORK – Prospective home buyers are widening their home search areas to find new places to live. The National Association of Realtors® (NAR) says the median distance that buyers traveled to their new homes was 50 miles in 2022, which was triple the median distance that most people clocked in […]
NEW YORK – Mortgage rates are expected to go down sometime in 2024, but the decline probably won’t start in March. Instead, mortgage rates are likely to remain about the same because the economy hasn’t cooled off enough yet to cause them to fall. When the economy grows robustly, and plenty of jobs are […]
WASHINGTON – Sophisticated scammers can hijack real estate transactions using deepfake audio and video to impersonate agents and other parties involved in a home purchase, security experts warn. The fears are mounting after police in Hong Kong last month alerted the public that a financier had been duped into wiring $25 million to scammers […]
