CHICAGO – Data is the main ingredient in the appraisal process. Clear, concise and verifiable data helps to ensure an accurate appraisal report. Where do appraisers get such data? They depend on the multiple listing service. In states with non-disclosure laws – i.e., where sales prices aren’t included in the public record—an MLS is […]
News & Media ORLANDO, Fla. — All Realtors® must change the way they do business when dealing with buyers, so it is crucial to equip yourself with the necessary tools and knowledge for success. Your 2024 Florida Realtors® Leadership Team has seen the need for continued education on this topic and invites you to […]
News & Media TALLAHASSEE, Fla.—Florida Attorney General Ashley Moody is urging Floridians to use caution when booking online vacation rentals to avoid falling victim to scams. Moody, in her 2024 Summer Scams Series: Sunny Days and Shady Deals video, said vacation renters should use legitimate platforms for rentals and be wary of too-good-to-be-true deals. […]
News & Media SEATTLE — The typical U.S. homebuyer’s monthly housing payment was $2,671 during the four weeks ending July 21, the lowest level in four months and down $166 from the record high set at the end of April. That’s according to a new report from the real estate brokerage Redfin. Housing payments […]
News & Media SAN FRANCISCO, Calif. – A lack of adequate financial education among America’s underrepresented communities is creating long-lasting problems that hinder their ability to access affordable credit and housing, a new survey by Credit Sesame found. The survey found 85% of those who say they received some personal finance knowledge in school […]
SANTA CLARA, Calif. – Rents fell again in June, with especially large declines in the South, where there’s been an influx of new rental units, according to a Realtor.com Rental Report. The median asking rent for 0-2 bedroom units fell -0.4% ($7) from last June to $1,743, marking the 11th straight month of declines […]
News & Media SEATTLE — The typical U.S. luxury home sold for a record $1,180,000 in the second quarter, up 8.8% from a year earlier – the biggest increase in nearly two years. Non-luxury home prices grew at less than half that pace, rising 3.8% to a record high median of $342,500, according to […]
LOS ANGELES — Mortgage rates inched higher this week, keeping the average rate on a 30-year mortgage essentially flat and near the 7% range it’s been in most of this year. The rate rose to 6.78% from 6.77% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.81%. Borrowing […]
News & Media ORLANDO, Fla. — Because all Realtors® must change the way they do business when dealing with buyers, it is more important than ever to have the tools and knowledge you need to conduct your business successfully. Your 2024 Florida Realtors Leadership Team has seen the need for continued education on this […]
WASHINGTON – Elevated mortgage rates continue to keep buyers on hold, as new home sales remained relatively flat in June, the National Association of Home Builders (NAHB) said. Sales of newly built, single-family homes in June fell 0.6% to a 617,000 seasonally adjusted annual rate from a slight upwardly revised reading in May, according […]
CHICAGO – Although limited housing inventory, rising home prices and high mortgage rates have pushed existing-home sales to a 30-year low, a market turnaround is coming in 2025, Lawrence Yun, chief economist for the National Association of Realtors®, predicted during NAR’s latest Real Estate Forecast Summit. He said mortgage rates will likely fall in […]
WASHINGTON – Home price growth in the second quarter was stronger than previously anticipated but will likely moderate soon, closing 2024 and 2025 at annual rates of 6.1% and 3.0%, respectively, according to the July 2024 commentary from the Fannie Mae Economic and Strategic Research (ESR) Group. Despite a more than 30% increase in […]