NEW YORK – Strictly speaking, you don’t need a credit score to buy a house. If you’re paying cash, for example, no one necessarily cares whether you have good credit. However, if – like most aspiring American homeowners – you’ll need financing, then your credit score is crucial. Your credit score is one of […]
WASHINGTON – The Federal Reserve has played a key role in the roller coaster nature of the housing market since 2020. After a period of hiking, and then holding, rates that kept home sales muted, the Fed is set to return to rate cuts this month. When that happens, what will happen to the […]
SANTA CLARA, Calif. – Key market metrics including listing prices, inventory levels, new listings, time on market, homebuyer demand and price reductions indicate the week of September 29 – October 5 may be the best time to buy in 2024, Realtor.com said. The company, in its sixth annual Best Time to Buy Report, said […]
WASHINGTON – The average rate on a 30-year mortgage in the U.S. fell this week to its lowest level in 19 months, reflecting a pullback in Treasury yields ahead of an expected interest rate cut from the Federal Reserve next week. The rate fell to 6.20% from 6.35% last week, mortgage buyer Freddie Mac […]
CHICAGO – Pickleball appears to be setting off a love-hate relationship in real estate. Some prospective home buyers favor properties near pickleball courts, and the game’s popularity has spawned a “pickleball gold rush” in commercial real estate. Even so, backlash is brewing among some homeowners who live next to courts, complaining that the constant […]
SEATTLE — The median U.S. monthly housing payment was $2,558 during the four weeks ending September 8, nearly down to where it was at the start of the year and down 1.3% from a year earlier, according to a new report from the Redfin brokerage. That’s a small drop, but it’s the second-biggest decline […]
NEW YORK – Homeownership feels out of reach for many Americans, but an anticipated interest rate cut this month could encourage a slow return to the market. For those who already have a monthly mortgage payment, it’s unlikely their savings will be immediate. However, homeowners may feel longer-term benefits if mortgage rates continue to […]
NEW YORK – The meaning of the term “cozy” varies as it pertains to home decor. For some, cozy may mean intimate spaces with lots of quilts and throws. For others, cozy could indicate bright and airy spaces enhanced by plenty of fresh foliage. Regardless of how they define cozy, homeowners typically want their […]
News & Media By Jennifer Warner ORLANDO, Fla. – Florida is a unique place when compared to national trends, and this is true for members of Florida Realtors® as well. A recent survey of Florida Realtors members reveals some interesting findings about business (earnings, sales and transactions from 2023) and member characteristics (from 2024). […]
TALLAHASSEE, Fla. – The Florida Housing Coalition last week released its 2024 Home Matters Report that compares average income and affordable housing units by county. The report underscores what county administrators have known for a long time: The gap between income and housing costs is growing in Florida. According to the report, a Highlands […]
ST. LOUIS – Just 15% of current baby boomer homeowners expect to sell their homes in the next five years, while more than half (54%) never plan to sell, according to new research from Clever Real Estate, a St. Louis-based real estate company. While 61% of boomers surveyed currently own homes, fewer than a […]
NEW YORK – Hollywood has long had a vision of what a great American town looks like. From “It’s a Wonderful Life” to “Pleasantville,” the cities emblazoned in our minds as nurturing spots to settle down and raise families all have a triad of things in common: single-family homes, low crime, and great schools. […]