News & Media WASHINGTON – Total commercial and multifamily mortgage borrowing and lending is expected to finish the year at $539 billion in 2024, which is a 26% increase from 2023’s total of $429 billion, the Mortgage Bankers Association (MBA) said. Multifamily lending alone (which is included in the total figures) is expected to […]
News & Media NEW YORK – More real estate agents are using artificial intelligence (AI) to streamline processes and save time, but using AI carefully is essential. AI can make writing engaging property descriptions and housing market summaries easier by using demographic data and buyer preferences that help highlight key features. It can also […]
WASHINGTON – More than 1.5 million mortgages were issued in the U.S. during the second quarter, according to a new report released by ATTOM. The second-quarter 2024 U.S. Residential Property Mortgage Origination Report, which shows that 1.62 million mortgages secured by residential property (1 to 4 units) were issued in the United States during […]
FORT LAUDERDALE, Fla. – Question: With hurricane season heating up, I am concerned I will not know what to do if a storm damages our house. How can we be prepared and ensure that insurance will pay up? — Maritza Answer: From the legal perspective, dealing with hurricanes is similar to other casualty losses, […]
TAMPA, Fla. – Parents want the best for their kids – and that’s true of dog parents, too. Insurify’s data science team analyzed the 100 most populous cities in the U.S. to find the most dog-friendly places. The 10 best cities for dog owners boast various amenities that increase the quality of pets’ lives, […]
LOS ANGELES – Imagine you woke up on a remote tropical desert island. No one is around. No restaurants. No Starbucks. No Wi-Fi. Everything completely changed. In an instant. But here’s the thing: You’re still somewhere on planet Earth. It’s beautiful and you know how to operate here. Yes, your immediate future is vastly […]
CHICAGO – In stark contrast to the prevailing popularity of bright whites, light grays and airy interiors, a darker side of home design is being illuminated. Designers are calling it “dark” and “moody.” In fact, online searches for “moody living room” and “moody kitchen” have more than doubled compared to a year ago, according […]
WASHINGTON – A $115 million purchase of a duplex high above New York’s Central Park in June ended a nearly two-year drought for the city’s ultra-luxury real estate market. The closing was ultimately a turning point. Less than a month later, a nearby five-story penthouse went for $135 million. With more than four months […]
News & Media TAMPA, Fla. – A recent analysis by the Tampa Bay Times showed that corporate investors in Florida own over 117,000 single-family homes, which some say has led to higher prices and reduced affordability in the market for some potential home buyers. Others say it has allowed corporations to have greater control […]
SEATTLE – The median U.S. monthly housing payment fell to $2,534 during the four weeks ending September 1, the lowest level since January and down nearly $300 from April’s all-time high, according to a new report from Redfin. Housing payments are falling because even though home prices remain near record highs, weekly average mortgage […]
News & Media By Amy Connolly WASHINGTON – The National Association of Realtors® shared another new Consumer Guide to help Realtors continue to build trust with inquiring buyers, this time with a focus on veterans. 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 guide, […]
WASHINGTON – The average rate on a 30-year mortgage in the U.S. was flat this week ahead of an expected interest rate cut from the Federal Reserve later this month. The rate remained at 6.35% from last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 7.12%. Before last week, […]