NEW YORK – Eric Jesse, a partner with Lowenstein Sandler’s Insurance Recovery Group, discussed the current state of the property insurance market. He offered tips on how companies can make their commercial properties a more attractive risk to insurers. Eric Jesse: Commercial property insurance is a core coverage for businesses. It protects your business’ […]
IRVINE, Calif. – For Ivan Estrada, ChatGPT is like “your smartest best friend.” The Beverly Hills real estate agent uses it daily to research and write emails, blog posts, newsletters and listing descriptions in a fraction of the time it normally takes. “Whatever we get back is like 90% complete,” Estrada said of the artificial intelligence tool. […]
CHICAGO – A majority of taxpayers feel they pay too much in taxes, with many saying that they receive a poor value in return, according to a new poll from the University of Chicago Harris School of Public Policy and The Associated Press-NORC Center for Public Affairs Research. Two-thirds of U.S. taxpayers say they spend “too much” on federal […]
NEW YORK – Inflation is slowing, and job growth has surged but many Americans still feel the burden of expensive housing – fueled in part by high demand, low inventory and mortgage rates. Home prices across the U.S. rose 5.5% over the past year in December 2023 and they are projected to increase 2.8% year over year by December 2024, according to […]
News & Media CHICAGO – Applications are now open for the National Association of Realtors® 2024 Good Neighbor Awards, which honors Realtors® who make significant impacts in their communities and exemplify dedication to volunteer service. This year marks 25 years for the program. “NAR’s Good Neighbor Awards highlight the remarkable dedication of Realtors to […]
News & Media NEW YORK – As home affordability becomes a concern for many, home builders are answering the call for homes that are more affordable and smaller, with some totaling just 400 square feet. So-called “tiny houses” are popular among retirees and minimalists who are looking to simplify their lives while still owning […]
KEY WEST, Fla. – Office vacancies are at record highs in the U.S. A year-end report from Moody’s Analytics found the national office vacancy rate ended 2023 at a “record-breaking 19.6%.” What’s the culprit? Remote work born from the coronavirus pandemic is fully rooted for many workplaces and expected by many workers for certain […]
WASHINGTON – Homeownership rates for racial minorities increased in 2022, with Asian and Hispanic Americans achieving historic peaks. Despite these advancements, disparities persist among racial and ethnic groups, notably with Black homeownership lagging. People of color continue to endure significant buying challenges throughout and after their home purchases, according to a report released today […]
WASHINGTON – A sharp decline in multifamily starts pushed overall housing starts down in January even as single-family production showed signs of a gradual improvement later this year as interest rates continue to moderate. Overall housing starts decreased 14.8% in January to a seasonally adjusted annual rate of 1.33 million units, according to a […]
SAN FRANCISCO – You feel demoralized about the housing market, right? Hold on. After a grim 2022 and 2023, it looks like 2024 is shaping up to be less hostile to home buyers. Here’s a summary of what’s been rotten in the state of housing: Home prices skyrocketed from the middle of 2020 to […]
News & Media By Marla Martin ORLANDO, Fla.– The National Association of Realtors®’ (NAR) Realtors Relief Foundation announced a $100,000 grant to Florida Realtors® to help Panhandle residents with housing issues resulting from disastrous storm and rain conditions in early January. “The Jan. 9, 2024, severe storms and rainfall damaged so many homes and […]
IRVINE, Calif. – Home sellers made a $121,000 profit on the typical sale in 2023, generating a 56.5% return on investment, according to Attom’s Year-End 2023 U.S. Home Sales Report. But even as both gross profits and profit margins remained near record levels, they decreased from 2022, marking the first declines in either category […]
