News & Media NEW YORK – Most buyers finance their homes, which is why real estate professionals should have collaborative relationships with a variety of lenders. Receiving any sort of compensation or direct benefits for referrals is not allowed, but there are significant benefits to having trusted lending partners, including getting firsthand information about […]
HORSESHOE BEACH, Fla. — Before Hurricane Idalia smashed into a small fishing village in northwestern Florida, Charles Long, 68, was fixing up a two-bedroom house for him and his wife. After the August storm, he found remnants of it in a nearby canal and on a neighbor’s property. To rebuild a new home elevated […]
WASHINGTON – President Joe Biden on Tuesday urged Congress and federal agencies to take steps to help reduce housing costs. Biden called on Congress to pass legislation that WASHINGTON – President Joe Biden on Tuesday urged Congress and federal agencies to take steps to help reduce housing costs. Biden called on Congress to pass […]
WASHINGTON — Chair Jerome Powell said Monday that the Federal Reserve is becoming more convinced that inflation is headed back to its 2% target and said the Fed would cut rates before the pace of price increases actually reached that point. “We’ve had three better readings, and if you average them, that’s a pretty […]
News & Media TALLAHASSEE, Fla. – In November, Floridians will have the opportunity to vote on Amendment 5 when they head to the ballot box. Amendment 5 would increase the value of a tax break known as the homestead property tax exemption by adjusting its value to match inflation. Amendment 5 was created by […]
NEW YORK — Data breaches like the most recent one involving AT&T customers are becoming an almost regular occurrence. As more of our lives move online, our personal data like email addresses, phone numbers, birthdates and even passcodes are becoming ever more vulnerable to theft or being mistakenly exposed. In malicious breaches, cybercriminals can […]
ST. PETERSBURG — Environmental groups and Florida regulators have settled a lawsuit over the 2021 leak of millions of gallons of polluted water from a phosphate plant reservoir into Tampa Bay, which triggered major fish kills and the temporary evacuation of dozens of nearby residents. The settlement, filed Monday in federal court in Tampa, […]
News & Media WASHINGTON – The Federal Housing Finance Agency (FHFA) announced tenant-protection policy changes for all new multifamily mortgage loan applications financed by Fannie Mae and Freddie Mac The new policies represent “the first time that tenant protections will be a standard component” of Fannie Mae or Freddie Mac financing, the FHFA said. […]
News & Media By Melissa Dittmann Tracey CHICAGO – About 20% of real estate professionals say that many aspiring home buyers are holding out for mortgage rates to fall before making a move—with agents calling that one of the biggest factors limiting real estate transactions lately, according to the National Association of Realtors®’ “2024 […]
ST. LOUIS – Sixty percent of Gen Z worry they might never own a home, with nearly all adult Gen Zers (98%) citing significant barriers to homeownership, according to a new survey from Clever Real Estate, a St. Louis-based real estate company. The primary obstacles cited by Gen Z include the high cost of […]
CHICAGO – Real estate is an evolving industry, and it is natural to have questions about how practice changes may impact you and your business. “While the industry adapts to the practice changes following the National Association of Realtors®’ settlement, it is a wonderful time for brokers to bond with their agents,” says Adorna […]
CHIGAGO – Although existing-home sales last year plunged to their lowest level since 1995, real estate professionals remained committed to their business. Seventy-three percent of Realtors® say they’re “very certain” they’ll remain in real estate for at least two more years, according to the National Association of Realtors®’ “2024 Member Profile.” Home buyers and […]