WASHINGTON – Despite a significant decline in mortgage rates and improved supply in some parts of the country, existing home sales are not expected to pick up meaningfully through the remainder of 2024, with the annual pace now forecast to be the slowest since 1995, according to the September 2024 commentary from the Fannie […]
News & Media By Amy Connolly SANTA CLARA, Calif. – Florida is among the top 10 states leading the way in new home construction for volume, affordability and future growth, Realtor.com said in its New Construction Insights report. The state is also among the few seeing new construction priced lower than existing homes on […]
MIAMI – Delays in the federal probe into what caused the deadly Champlain Towers South condo collapse in 2021 mean a draft report on the findings is now expected in 2026, a year later than previously estimated. In a Sept. 12 update, an investigative team with the National Institute of Standards and Technology said […]
ORLANDO, Fla. – Florida Realtors® released six forms translated into Spanish to help Spanish-speaking buyers better understand the recent practice changes, providing Realtors® with additional resources to further build customer trust. Links to /law-ethics/nar-settlement-sitzer-burnett-lawsuit The resources you need to do business in the post-NAR settlement real estate industry. The forms are only for reference […]
SEATTLE – The median U.S. housing payment was $2,534 during the four weeks ending September 15, down 2.7% from a year earlier–the biggest decline since May 2020, according to a new report from the brokerage Redfin. Monthly payments are falling because mortgage rates dropped to their lowest level in 20 months in the lead-up […]
News & Media By Amy Connolly TALLAHASSEE, Fla. – Florida’s Hometown Heroes Housing program, the popular initiative providing downpayment and closing cost assistance to eligible first-time buyers, has fully committed the additional $100 million allocated by the state earlier this year, the Florida Housing Finance Corporation said. Officials said 6,135 families used the 2024 […]
ORLANDO, Fla. – Florida’s housing market reported increased new listings, easing median sales prices and improved inventory levels (active listings) in August 2024 compared to a year ago, according to Florida Realtors®’ latest housing data. “As home prices moderate and inventory levels improve, it should help increase new listings and offer more choices for […]
ORLANDO, Fla. – Florida Realtors® is hosting a webinar today (Sept. 20) to discuss the new flood disclosure requirements for residential property sales and changes to the required disclosures for condo sales. The webinar, which begins at 10 a.m., will also look at the new and updated forms from Florida Realtors designed to address […]
WASHINGTON – Existing-home sales fell in August, according to the National Association of Realtors®. Three out of four major U.S. regions posted sales declines while the Midwest registered no change. Year-over-year, sales slipped in three regions but remained stable in the Northeast. Total existing-home sales – completed transactions that include single-family homes, townhomes, condominiums […]
WASHINGTON – The average rate on a 30-year mortgage in the U.S. edged closer to 6% this week to its lowest level since early February 2023. The rate fell to 6.09% from 6.20% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 7.19%. The last time the average rate […]
CHICAGO – Home staging can make all the difference in envisioning empty interiors as cozy spaces and turning lived-in places into a buyer’s dream home. Some staging projects only require a few key accessories, fluffing and repositioning to make all the difference, while other projects require more heavy lifting. Cheryl Eisen is a New […]
SEATTLE — Sales of existing homes fell 1% month over month and 3.1% year over year in August to a seasonally adjusted annual rate of 4,042,369, according to a new report from the brokerage Redfin. That’s the lowest level in records dating back to 2012, with the exception of May 2020, when the pandemic […]