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? — […]
WASHINGTON — The Fannie Mae Home Purchase Sentiment Index (HPSI) increased 0.7 points in October to 74.6, pushing the measure of consumer confidence to its highest level since February 2022 and significantly higher than the all-time low recorded two years ago. In October, the share of consumers who think it’s a good time to […]
News & Media By Melissa Dittman Tracey CHICAGO —Homeowners continued to see their equity grow in the third quarter, with nearly 90% of major U.S. metro areas posting increases, the National Association of Realtors® reported Thursday. Markets in the Midwest posted some of the largest gains last quarter, with metro areas like Racine, Wis., […]
News & Media By Amy Connolly WASHINGTON — U.S. consumer sentiment improved for the fourth-straight month, hitting its highest reading in six months, according to the University of Michigan’s Consumer Sentiment Index. The index climbed to 73.0 from 70.5 in October and is the highest since April. The survey responses for November were concluded […]
MIAMI — Florida is home to four of the nation’s best places for veterans to call home, new rankings show. The personal finance website WalletHub shared the findings after it studied job growth, access to VA hospitals and other quality-of-life factors ahead of Veterans Day. Here are the Florida cities that made it into […]
LOS ANGELES — It’s natural to want to remain in your home as you age, and more than 75% of adults older than 50 are planning to do just that. At home, everything’s familiar, and you can maintain a level of independence. In many cases, living at home also provides a financial advantage. But […]
WASHINGTON — Confidence in the market for new multifamily housing showed mixed results year-over-year in the third quarter, according to results from the Multifamily Market Survey (MMS) released today by the National Association of Home Builders (NAHB). The MMS produces two separate indices – The Multifamily Production Index (MPI) had a reading of 40, […]
News & Media ORLANDO, Fla.— The National Association of Realtors® published a new Consumer Guide for first-time buyers and created a video series for Realtors® to answer commonly asked questions about the proposed NAR settlement and practice changes. Both resources are part of an array of tools designed to support informed decision-making and professional […]
News & Media By Alex Veiga NEW YORK — The average rate on a 30-year mortgage in the U.S. rose for the sixth straight week, returning to its highest level since early July. The rate ticked up to 6.79% from 6.72% last week, mortgage buyer Freddie Mac said Thursday. That’s still down from a […]
News & Media By Christopher Rugaber WASHINGTON — The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the once-high inflation. The rate cut follows a larger half-point reduction in September, and it reflects the Fed’s renewed focus on supporting the job market as well […]
ORLANDO, Fla. — Florida Realtors® has released its latest report on the state’s international buyer and seller transactions, the 2024 Profile of International Residential Real Estate Activity. While we are well into the recovery phase of the pandemic, overall global activity still falls short of pre-pandemic levels. Geopolitical issues and central bank monetary policy have […]