News & Media WASHINGTON — Affordability and inventory challenges in the real estate market have been continuous headwinds for professionals, but recent 2025 forecasts have been positive and could signal positive years to come. Recent mortgage rate forecasts have been optimistic, and economists at Fannie Mae project the volume of home sales will rebound. […]
TALLAHASSEE, Fla. — Months after Gov. Ron DeSantis’ administration introduced controversial plans to bring golf courses, resort-style lodges and pickleball courts to state parks, a Stuart lawmaker has filed a measure to make such proposed changes off-limits. On Dec. 4, State Sen. Gayle Harrell filed a bill (SB 80) that would strike golf courses, […]
FORT LAUDERDALE, Fla. — Question: We want to sell our condo in Florida, but traveling is getting more difficult because of our age. Is it possible to do this without being there in person? — Anne. Answer: Yes, many people sell property remotely. Selling from afar requires a bit more planning and some additional caution. […]
News & Media WASHINGTON (AP) — The average rate on a 30-year mortgage in the U.S. eased again this week, slipping to its lowest level since late October. The rate dropped to 6.69% from 6.81% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 7.03%. Borrowing costs on 15-year fixed-rate mortgages, popular with homeowners […]
FORT LAUDERDALE, Fla. — Here’s what Florida insurance officials want the Legislature to do next year about the state’s troubled property insurance market: Nothing. Major litigation reforms enacted in 2022 and 2023 are strengthening the industry by reducing lawsuits, which has helped private market companies return to profitability following five straight years of underwriting […]
GAINESVILLE, Fla. — Consumer sentiment among Floridians surged in November to 81.1, its highest level in more than three years, rising 3.7 points from a revised figure of 77.4 in October. Meanwhile, national consumer sentiment increased by just over one point. “The 3.7-point increase in consumer sentiment is one of the largest in over […]
IRVINE, Calif. — U.S. home price growth remained almost unchanged in October from the previous month, recording 3.4% year-over year-growth and a 0.02% increase from September, the real estate analytics firm CoreLogic found it its Home Price Index (HPI) and HPI Forecast for October. The stagnation highlights the fact that home price growth has […]
News & Media By Rachel Tucker TAMPA, Fla. – Tampa’s events, restaurants and recreational opportunities make it one of the most fun cities in America, according to new analysis from WalletHub. The study ranked major U.S. metros based on dozens of metrics, ranging from restaurants per capita, to number of attractions, and more. Overall, […]
TALLAHASSEE, Fla. — Customers of Florida’s largest power company will see a bump of about $12 in monthly bills next year to cover restoration costs from the 2024 hurricane season. The state Public Service Commission on Tuesday unanimously approved a $1.2 billion interim recovery package for Juno Beach-based Florida Power & Light, aimed at […]
CHICAGO – The concept of multi-generational housing— homes that have adult siblings, adult children over the age of 18, parents and/or grandparents residing with the primary home buyer — has been gaining traction over the past decade. According to this year’s Profile of Home Buyers and Sellers, 17% of home purchased last year were […]
News & Media TALLAHASSEE, Fla. — The number of Floridians insured by Citizens Property Insurance Corp. fell below 1 million last month and is expected to drop to 907,000 by the end of the year. Citizens had 987,744 policies in force as of Friday, according to the state-backed insurer’s website. Jeremy Pope, chief administrative […]
News & Media ORLANDO, Fla. – Certain businesses have until January 1, 2025, to comply with the Financial Crimes Enforcement Network (FinCEN) Beneficial Ownership Information (BOI) Reporting Rule or face a $500 a day fine for non-compliance. Join NAR’s Legal and Advocacy Team for a webinar on the BOI Reporting Rule on Tuesday, December 10, […]