SEATTLE — The median U.S. monthly mortgage payment was $2,587 during the four weeks ending August 18, its lowest level since February and down 0.1% from a year earlier, according to the real estate brokerage Redfin. While it’s a small drip, it marks the first time in four years monthly payments have posted any […]
JACKSON HOLE, Wyoming — With inflation nearly defeated and the job market cooling, the Federal Reserve is prepared to start cutting its key interest rate from its current 23-year high, Chair Jerome Powell said Friday. Fed Chair Jerome Powell Powell did not say when rate cuts would begin or how large they might be, […]
WASHINGTON – Sales of new homes rose unexpectedly in July, following significant revisions in the previous months’ data. Sales of newly built, single-family homes in July rose 10.6% to a 739,000 seasonally adjusted annual rate from significant upward revisions in June, according to newly released data from the U.S. Department of Housing and Urban […]
CHICAGO – We are now living with millions of internet-connected devices. Literally. Year after year, more companies introduce more smart home devices – think Alexa, Ring cameras, smart appliances, smart thermostats – and those devices interact to make homes more comfortable and household tasks easier and convenient. These internet-connected devices –parts of the Internet […]
WASHINGTON – Existing-home sales improved in July, breaking a streak of four consecutive monthly declines, according to the National Association of Realtors®. Three out of four major U.S. regions registered sales increases while the Midwest remained steady. Year-over-year, sales rose in the Northeast and West but retreated in the Midwest and South. Total existing-home […]
NEW YORK – The vacation rental industry has stepped up efforts to influence U.S. lawmakers to keep more cities from enacting restrictions on short-term rentals in response to concerns about housing availability and quality of life. Growth in short-term rental supply has slowed in 17 of North America’s largest 30 cities in 2024, according […]
ORLANDO, Fla.– Florida’s housing market reported easing median sales prices, more new listings and improved inventory levels (active listings) in July 2024 compared to a year ago, according to Florida Realtors®’ latest housing data. Links to /media/4830 July housing market statistics show single-family sales up year-over-year, and inventory continues to rise. But right now, […]
LOS ANGELES – The average rate on a 30-year mortgage eased this week to its lowest level in 15 months, welcome relief for home shoppers navigating a housing market that remains out of reach for many Americans. The rate fell to 6.46% from 6.49% last week, mortgage buyer Freddie Mac said Thursday. A year […]
ORLANDO, Fla. – Florida Realtors® recognized Mike McGraw, 2023 Florida Realtors president, as its 2024 Realtor of the Year. The award – one of several – was presented Thursday during the state association’s annual Convention & Trade Expo at Rosen Shingle Creek in Orlando, Fla. The Realtor audience applauded as McGraw accepted the award […]
News & Media NEW YORK – To create a lasting brand, it is more than just finding the right logo and color scheme, it’s about creating a unique and authentic feeling for home buyers and sellers that they will remember. The first step in creating a memorable brand is to know who the audience […]
News & Media MIAMI – As the U.S. enters the most active part of hurricane season, insurers are encouraging consumers to prepare for peak season activity by taking steps to reduce the potential for damage to their home or business. Links to /about/charities/disaster-relief-fund Realtors helping others in times of need is what this charity […]
NEW YORK – From artificial intelligence to next-generation devices, new tech tools promise to enhance efficiency, improve client relations, and, ultimately, help you grow your business. But wait – you have heard those promises made by other new tech breakthroughs in the past, right? How do you know that all the buzz about this […]