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 […]
WASHINGTON – The commercial real estate market has a lot to gain if the Federal Reserve follows through on anticipated interest rate cuts this year. It was under high interest rates that the number of commercial transactions dropped by 60% in 2023 compared to 2021, National Association of Realtors® Chief Economist Lawrence Yun said […]
News & Media NEW YORK – To grow a real estate business, agents need to be able to handle the market volatility and adapt to the changing market conditions. Agents should consistently evaluate their sales strategy to identify their weak points and adjust to sales trends. To grab the attention of potential buyers, listing […]
NEW YORK – Potential home buyers typically have lists of requirements they would like to find in a new home. Although there are many features that are universally appreciated, certain elements may appeal to particular buyers more than others. For example, a swimming pool may be coveted by active families, but may not be […]
News & Media NEW YORK – The number of new rental apartments coming to the market is on the rise across the United States, with more buildings taller than before as local officials revise zoning and other laws and institutional investors fuel construction in smaller cities. The number of apartments entering the market is […]
FORT LAUDERDALE, Fla. – A federal probe into the June 2021 collapse of a Surfside condo tower that left 98 people dead continues to point to the building’s pool deck as the most likely initiation point of the collapse, investigators said Thursday at a meeting in Maryland. In their first public update since last […]
MIAMI – How far does Florida renters’ income go toward paying everyday expenses? A new study shows the South Florida region falling short in affordability when compared with other parts of the United States. Out of nearly 200 cities reviewed, Fort Lauderdale and Miami were among the lowest ranked in how much renters get […]
WASHINGTON – African American women have emerged as leaders in Black homebuying, according to a report released last week by the National Association of Real Estate Brokers (NAREB). The 2023 Women Investing in Real Estate (W.I.R.E) report found that between 1990 and 2019, Black women increased homeownership by 5.6%. Black women ages 45-54 and […]
TALLAHASSEE, Fla. – Florida has more homes at risk of flooding than anywhere else in the nation, yet until this week, it was one of a handful of states that didn’t require sellers to tell buyers if the property had previously flooded. That changed when the Florida legislature passed the first flood disclosure bill […]
NEW YORK — It’s tax season in the U.S., and for many people, filing tax returns can be a daunting task that’s often left until the last minute. But if you want to avoid the stress of the looming deadline, start getting organized as soon as possible. Whether you do your taxes yourself, go […]
News & Media WASHINGTON – In the last two decades, the real estate industry has changed significantly. Online services make finding, buying and renting properties so much easier. Buyers and renters are no longer forced to search paper ads or drive around neighborhoods looking for “For Rent” or “For Sale” signs. Instead, they get […]