WASHINGTON – Despite higher interest rates last month, new home sales rose in March due to limited inventory of existing homes. However, the pace of new home sales will be under pressure in April as mortgage rates moved above 7% this month, which is expected to moderate sales and increase the use of builder […]
WASHINGTON – On Tuesday, the U.S. District Court for the Western District of Missouri granted preliminary approval of the National Association of Realtors®’ proposed settlement agreement that would end litigation of claims brought on behalf of home sellers related to broker commissions. Plaintiffs filed a motion last Friday for preliminary approval of the settlement […]
News & Media NAPLES, Fla. – Gov. Ron DeSantis on Tuesday signed into law a measure that continues efforts to tackle red tide outbreaks in Florida waters. The measure (HB 1565) extends the Florida Red Tide Mitigation and Technology Development Initiative, which was created in 2019 and was set to expire next year. It […]
NEW YORK – Potential home buyers typically have lists of requirements they would like to find in a new home. Although there are many features that are universally appreciated, certain elements may appeal to particular buyers more than others. For example, a swimming pool may be coveted by active families, but may not be […]
News & Media NEW YORK – In real estate, there are different hallmarks of success from the number of homes sold to the positive impact a firm has on its community. Creating a successful business includes focusing on best practices and philosophies, broker-owner Tania Moore said in Inman. The first step for real estate […]
NEW YORK – Among the many hard truths for those trying to enter America’s brutal housing market, here’s one: Baby boomers continue to own many of the country’s large houses, even after their households have shrunk to one or two people. Baby boomer empty nesters own twice as many of the country’s three-bedroom-or-larger homes, […]
NEW YORK – While the number of homes for sale has been recovering from pandemic-era lows thanks to a surge of new construction, a new Realtor.com analysis found that the market is still missing up to 7.2 million homes, the result of more than a decade of underbuilding relative to population growth. “The U.S. […]
MIAMI – Florida has long been known as a popular retirement destination, offering warm weather, beautiful beaches and relatively affordable housing. Home prices have risen substantially in recent years, especially in popular coastal cities like Miami, when compared to the national average. As of January 2024, the median home value across the United States […]
News & Media WEST PALM BEACH, Fla. – Gov. Ron DeSantis said Monday he will approve $1.5 billion directed towards Everglades cleanup that was included in the budget for the fiscal year that begins July 1, which he has not yet received. “I am going through all the things in the budget right now. […]
MIAMI – You may want to clean out the kiddie pool and dust off the patio furniture early this year. We’re in for a hot start to summer, according to a national weather outlook released Thursday by the National Weather Service. All but two states on the new national forecast map appear in shades […]
News & Media NEW YORK – Real estate brokerages are looking to recruit and retain high-performing agents, particularly in the challenging real-estate market. Firms often use word of mouth to recruit talent, but they also reach out to existing clients or business partners to find viable candidates. Another option is to hold a curated […]
WASHINGTON – Interest rates are the highest they’ve been since before the Great Recession, but Las Vegas-based mortgage adviser Matt Hennessy said it’s important for people to understand specifically why monthly mortgage payments are where they are right now. Hennessy said the federal funds rate, which currently sits at 5.25% to 5.50% and sets […]