BOCA RATON, Fla. – Sinking demand for office space in the commercial real estate market could lead to bank failures in parts of the country, according to two finance experts at Florida Atlantic University. The combination of rising interest rates, high office vacancies due to remote work, as well as lowering returns on investment […]
HILLSBOROUGH COUNTY, Fla. – On any given night last year, nearly 653,000 people – or one in every 500 – were homeless, according to the Department of Housing and Urban Development (HUD). Out of all the states in the country, Florida had the fourth-most homeless people, at 31,000 people, which is up 18% from 2022. On […]
MERIDEN, Conn. – Ben Borecki and Raleighe Orszulak-Borecki, both 29, searched for about a year to find their perfect home. They visited over 20 houses and bid on five. Finally, the couple purchased a 1912 colonial in Windsor this January. They had viewed the house before and liked it, but it went off the market […]
LOS ANGELES (AP) – Housing market trends are shaping up in favor of a solid 2024 for U.S. homebuilders – as long as mortgage rates don’t jump back to the highs they hit late last year. Sales of new homes rose nationally in 2023 for the first time in two years, climbing 4.2% from a year earlier, according to the Commerce Department. […]
News & Media TALLAHASSEE, Fla. – Rather than follow the old model of “always be closing,” professionals should consider ways in which they can better serve their clients and provide them with value. The closing cycle itself takes 60 to 90 days, which means the more value you provide before closing one sale can […]
News & Media SHERIDAN, Wyo. – Florida ranks No. 2 as the best state for entrepreneurs and small businesses in the U.S in 2024, according to a new study from SimplifyLLC. Coming in just behind Texas, Florida received top marks because the state was No. 1 for the net influx of educated workers, at […]
WASHINGTON – Existing-home sales grew in January, up 3.1% from December, according to the National Association of Realtors®. Total existing home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – increased to a seasonally adjusted annual rate of 4.00 million in January. However, sales year-over-year slipped 1.7% (down from 4.07 […]
FORT LAUDERDALE, Fla. – Condominium associations near Florida’s coast will get access to $175,000 per association in state funds for stormproofing projects under a House bill that’s nearing the finish line. The Senate version of the bill does not have a cap. The “My Safe Florida Condominium Pilot Program” would provide condo associations with the type of financial assistance currently […]
News & Media By Marla Martin MCLEAN, Va. – The 30-year fixed-rate mortgage (FRM) averaged 6.90%, this week, up from last week’s average of 6.77%, according to Freddie Mac. “Strong incoming economic and inflation data has caused the market to re-evaluate the path of monetary policy, leading to higher mortgage rates,” said Sam Khater, […]
ORLANDO, Fla. – Florida’s housing market started 2024 with higher median prices, more new listings, more inventory (active listings) and median prices in January compared to a year ago, according to Florida Realtors®’ latest housing data. However, mortgage interest rates above 6% continued to impact potential homebuyers’ purchase power, while also contributing to a […]
News & Media CHICAGO – With tight home sale markets, real estate professionals may want to consider tapping the rental market for business. The National Association of Realtors (NAR) reports that the rental market has seen more multifamily construction and stabilizing rent increases, which could help professionals get in front of renters and meet […]
News & Media DORAL, Fla. – Engineers are working on new 51-acre development for military housing near the U.S. Southern Command (SOUTHCOM) headquarters in Doral, Florida. The project includes 139 units of duplexes, townhouses, single-family homes, and apartments for accompanied and unaccompanied service members. Part of the 1990s Department of Defense’s Military Housing Privatization […]
