News & Media NEW YORK – With housing costs still high for many, older adults are turning to roommates to split the cost of housing, a trend called “boommates.” An increasing number of adults age 65 and older are opting for shared housing arrangements to save money in an era when many have fallen […]
News & Media NEW YORK – The average Gen Z may never own a home, and most of them have come to terms with that reality. How does the freshly minted adult make a space their own? Enter the world of interior decorators on social media, where influencers are teaching a new generation of […]
WASHINGTON – A lack of resale homes and pent-up demand more than offset high mortgage rates and contributed to solid single-family permit growth across nearly all geographic regions in the second quarter. However, multifamily construction permit activity continued its slide downward across the board to start 2024. Meanwhile, single-family and multifamily construction both exhibited […]
WASHINGTON – Homeowners have been reluctant to sell due to elevated mortgage rates, but a new report shows the so-called “lock-in effect” is starting to ease. In the first quarter of this year, six in every seven homeowners, 86%, had a mortgage rate below 6%, according to a Redfin analysis of data from the […]
NEW YORK – As housing prices continue to rise, many people in the United States are veering toward a new-ish style of living space: the tiny house. According to a report by Investment Property Exchange Services, 73% of Americans would consider living in a tiny home. These compact houses – often smaller than 500 […]
TALLAHASSEE, Fla. – A month after approving requests by private-market insurers to take over more than 400,000 policies from state-owned Citizens Property Insurance Corp., Florida’s insurance commissioner has approved another 195,035 takeouts from six companies — including the first by the latest insurer OK’d to do business in the state. Trident Reciprocal Exchange, based […]
WASHINGTON — Homebuyers are putting down more money than ever to soften the blow of high mortgage rates, and in some cities, $400,000 down payments are now the norm. The typical down payment for U.S. homebuyers hit a record $67,500 in June, nearly 15% higher than a year earlier, according to a new Redfin […]
NEW YORK – You’re witnessing social media influencers reshape consumer behavior through trust and authenticity. Influencer marketing’s effectiveness is evident as 90% of marketers find it impactful, contributing to projected industry growth to $16.4 billion in 2023. Remarkably, 70% of teens trust influencers over traditional celebrities, indicating a shift in loyalty dynamics. Authentic recommendations […]
Question: I helped my father sell his condo in 2017 and have been storing the paperwork from when he originally purchased it to when he sold it. I want to shred the papers, but I was wondering if I need to hold on to them for a certain length of time. How long should […]
CHICAGO –There are more American households with pets than children, and studies show that home buyers’ furry friends increasingly influence the type of home or remodeling project buyers choose. So, real estate pros need to be tuned in to the needs of their clients’ pets. “Whether selecting pet-friendly materials or incorporating built-in feeding stations […]
News & Media By Joanne Hsu ANN ARBOR, Mich. – The economic outlook over both the short term and long term reached their most favorable levels since April 2024, with a 10% surge in long-run economic expectations that was seen across age and income groups, said University of Michigan economist Joanne Hsu, director of […]
News & Media By Amy Connolly WASHINGTON – The Appraisal Foundation settled with the U.S. Department of Housing and Development over allegations the nonprofit violated the Fair Housing Act by preventing qualified people of color from entering the appraisal profession. HUD said the Washington, D.C.-based foundation, which sets standards and qualifications for appraisers and […]