WASHINGTON — Federal Reserve Chair Jerome Powell signaled Monday that more interest rate cuts are in the pipeline but suggested they would occur at a measured pace intended to support a still-healthy economy. His comments, at a conference of the National Association for Business Economics in Nashville, Tennessee, disappointed the hopes of many investors […]
SEATTLE — More than half (54%) of newly constructed apartments completed in the first quarter were rented out within three months—bouncing back from a four-year-low of 47% a quarter earlier — according to a new report from the real estate brokerage Redfin. That’s still the second lowest seasonally adjusted share recorded in a quarter […]
TALLAHASSEE – Becoming familiar with two structural inspection reports that condo associations are required to submit this year can save buyers money or help them avoid making an expensive mistake. Sellers will need to know what’s in their associations’ Milestone Inspection report and Structural Integrity Reserve Study before closing on a used condo unit […]
FORT LAUDERDALE, Fla. – Question: My cousin is getting married and agreed to sell me her apartment for a great price. We drew up a contract so that I could get a mortgage loan, and I interviewed with the condo board. Now, the condo tells us that my cousin must sell it to another […]
NEW YORK – The need for speed: When it comes to our internet connections, there is no such thing as being too fast. We crave speed in every aspect of our lives, and our Wi-Fi is no exception. But when your connection feels like it is starting to slow down, even the simplest tasks […]
CHICAGO – Homeowners take on outdoor projects for many reasons: curb appeal, resale value and the simple pleasure of having beautiful landscaping. Consumers report a “joy score” of 9.7 out of 10 after upgrading their landscaping, according to a 2023 report from the National Association of Realtors®. Real estate professionals continue to report that […]
SEATTLE — U.S. homebuyers need to earn $76,995 per year to afford the median priced starter home ($250,000), down 0.4% year over year, according to a new report from the brokerage Redfin. That’s the first annual decline since August 2020, when mortgage rates were nearing their record low. Starter-home prices are up 4.2% year […]
News & Media TALLAHASSEE – New laws that require sellers to disclose residential flooding and ban sleeping in public places are among the nearly three dozen measures that take effect today (Oct. 1). The new flood disclosure law, which was supported by Florida Realtors®, allows buyers to have crucial information prior to executing a […]
TALLAHASSEE – Nearly 40,000 insurance claims totaling an estimated $435 million have been filed across the state in the wake of Hurricane Helene, which made landfall Thursday night in Taylor County. Links to /tools-research/hurricane-resources/helene-recovery-assistance-realtors-resources We have gathered resources for Realtors in Florida to help you recover and rebuild. The storm had maximum sustained winds […]
WASHINGTON — The Federal Reserve’s preferred inflation measure on Friday provided the latest sign that price pressures are easing, a trend that is expected to fuel further Fed interest rate cuts this year and next. Prices rose just 0.1% from July to August, the Commerce Department said, down from the previous month’s 0.2% increase. […]
WASHINGTON – The income needed to afford a home fell because mortgage rates posted their first annual decline in three years. The average interest rate on a 30-year mortgage dropped to 6.5% in August from 7.07% a year earlier, and has since fallen further, now sitting at 6.09%. This is based on a Redfin […]
News & Media TALLAHASSEE – Expecting a surge of policies going to private insurers, the state’s Citizens Property Insurance Corp. could have fewer than 900,000 policies at the end of the year. Citizens President and CEO Tim Cerio said Wednesday the policy count is projected to total 891,184 at the end of the year. […]