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 […]
SAN JOSE, Calif. – Trying to save money for a down payment can be a major obstacle to homeownership for many consumers. Nearly 60% of Millennials say that coming up with a down payment is one of the biggest obstacles standing in the way of homeownership, according to a recent survey by Apartment List. […]
NEW YORK – Purchasing a home is typically the largest and most significant investment of our lives. It’s a milestone interwoven with personal dreams, aspirations, and an immense amount of confidential information. Real estate agents, brokers, and their MLSs are more than just facilitators of a home purchase – you are stewards of trust, […]
News & Media NEW YORK – Real estate professionals strive to maintain a professional image, but despite their best efforts, some fall short. To ensure you project a professional image, consider the following factors: Outdated headshots, obsolete biographies, disorganized offers, underdeveloped marketing strategies, subpar branding and an ineffective social media presence can sink a […]
News & Media By Mae Anderson NEW YORK — The hurricane season roared into the U.S. with Hurricane Beryl hitting Texas in early July, surprising many business owners accustomed to seeing big storms arrive later in the summer. With the National Oceanic and Atmospheric Administration predicting an above-average storm season this year, small businesses […]
News & Media WASHINGTON – Five federal agencies recently approved new guidance for Reconsiderations of Values (ROVs) in residential real estate transactions, allowing consumers to submit additional information that may have been overlooked or to address deficiencies identified in the original appraisal. ROVs are requests from financial institutions to appraisers or other valuation-report preparers […]
WASHINGTON – Existing-home sales fell in June as the median sales price climbed to the highest price ever recorded for the second consecutive month, according to the National Association of Realtors®. All four major U.S. regions posted sales declines. Year-over-year, sales waned in the Northeast, Midwest and South but were unchanged in the West. […]
News & Media TALLAHASSEE – State analysts have issued a new report that estimates Florida had slightly more than 23 million residents as of April 1 — the first time the state has hit that mark in its annual estimates. The report by the state Demographic Estimating Conference estimated the population at 23,002,597, up […]