SEATTLE — The median U.S. asking rent barely moved in October, nudging up 0.2% year over year to $1,619, according to the real estate brokerage Redfin. Rents were down 0.6% on a month-over-month basis. Rents have remained largely flat over the past two years, after a surge in demand during the pandemic led to […]
News & Media NEW YORK — While the members of Gen Z haven’t had much time to move up the career ladder and accumulate wealth, some have broken out into the IRS’s “high-earners” territory early in their lives. This select group earns $200,000 or more per year, and due to their age and income, […]
TALLAHASSEE, Fla. — Lawsuits against insurers in Florida have continued to decline in 2024 following reforms enacted two years ago. Insurers say the declines have reduced costs and helped them to reduce or stabilize rates charged to policyholders. Attorneys who represent insurance customers counter that the reforms made it more costly for policyholders to […]
News & Media MIAMI — The state of Florida remains an attractive destination for real estate and the Realtor.com’s recently released September 2024 Housing Overview of the 50 Largest Metros report shows there might be some bargains on the Sunshine State as homeowners seem to be trimming prices to revive buyer interest. The Miami […]
BOSTON — Commercial real estate has faced sluggish transaction volume in recent years, about half of what it was before the Covid-19 pandemic. Commercial property prices also have been falling – in stark contrast to the record highs posted in the residential market. And now the sector is coming head-to-head with its next big […]
News & Media TALLAHASSEE, Fla. — More than 72,000 Florida policyholders in the National Flood Insurance Program have filed claims because of damage from hurricanes Debby, Helene and Milton, the Federal Emergency Management Agency said Friday. Policyholders had received about $894 million from the program. Flood damage is not covered in typical property-insurance policies, […]
MANASOTA KEY, Fla. — As the 2024 hurricane season nears its Nov. 30 finish line, Florida is left picking up the pieces after going toe-to-toe against several major hurricanes. Barrier islands like Manasota Key, Casey Key and Siesta Key were hard hit by Hurricane Helene and Hurricane Milton, showing just how ugly extreme weather […]
NEW YORK — Most of us have a credit report. A credit report has information about our credit activity and history of making payments. This might include loans, credit cards, credit accounts at businesses, mortgage or rent payments, or utility payments. Businesses who request credit reports want to know whether a person makes payments […]
News & Media MIAMI — The state of Florida remains an attractive destination for real estate. Realtor.com’s recently released September 2024 Housing Overview of the 50 Largest Metros report shows there might be some bargains on the Sunshine State as homeowners seem to be trimming prices to revive buyer interest. The Miami metro area, […]
WASHINGTON — The Federal Reserve has cut short-term interest rates by 25 basis points. Nevertheless, mortgage rates went up again. The average rate on the 30-year fixed-rate mortgage climbed 11 basis points in the week ending Nov. 7, to 6.86%, according to rates provided to NerdWallet by Zillow. A basis point is one-one hundredth […]
BOSTON — At its Monday meeting, the National Association of Realtors® Board of Directors approved NAR’s operating, advocacy and consumer ad campaign budgets and approved a membership figure of 1.4 million to serve as the basis for dues revenue in the 2025 budget. To date in 2024, membership continues to track ahead of forecast, […]
FORT LAUDERDALE, Fla. — Question: The landscaper hired by our HOA for the community damaged a large hedge in our yard that now must be replaced. My HOA says the damage is not their responsibility and that I must resolve the problem myself. Do I have to deal directly with the landscape company? — […]