NEW YORK – ATTOM has released its first-quarter 2024 U.S. Home Flipping Report showing that 67,817 single-family homes and condominiums in the United States were flipped in the first quarter. Those transactions represented 8.7%, or one of every 12 home sales nationwide, during the months running from January through March of 2024. The latest […]
News & Media WASHINGTON – U.S. house prices rose in April, up 0.2% from March, according to the Federal Housing Finance Agency (FHFA) seasonally adjusted monthly House Price Index (HPI). House prices rose 6.3% from April 2023 to April 2024. The previously reported 0.1% price increase in March was revised downward to 0.0 percent. […]
News & Media By Alex Viega LOS ANGELES — The average rate on a 30-year mortgage eased again this week, extending a welcome trend for prospective homebuyers facing record-high home prices. The rate fell to 6.86% from 6.87% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the rate averaged 6.71%. This […]
TAMPA, Fla. — With a rise in interest rates and empty homes on the market, home sellers across the country are feeling the pressure to reduce prices to attract buyers. Realtor.com said the number of homes rose to 34.2% this past May and spent an average of 44 days on market. “With greater inventory […]
NEW YORK – American consumers lost some confidence in June as expectations over the near-term future fell again. The Conference Board, a business research group, said Tuesday that its consumer confidence index fell in June to 100.4 from 101.3 in May. The index’s decline was not quite as bad as analysts were expecting. The […]
TALLAHASSEE, Fla. — While Florida has sought to speed up the case, an appeals court battle about permitting authority for projects that affect wetlands likely will not be resolved until late this year – at the soonest. The U.S. Circuit Court of Appeals for the District of Columbia on Tuesday issued an order that […]
NEW YORK – Home prices have climbed 42% since 2020, as rising mortgage rates and borrowing costs are creating barriers to homeownership, a new study shows. A recent analysis by Zillow reveals that the housing market has become increasingly inaccessible for many Americans. To comfortably afford a home, prospective buyers need to earn 80% […]
TAMPA, Fla. — With a rise in interest rates and empty homes on the market, home sellers across the country are feeling the pressure to reduce prices to attract buyers. Realtor.com said the number of homes rose to 34.2% this past May and spent an average of 44 days on market. “With greater inventory […]
NEW YORK – Due to inflation eating away at earnings and less supply of affordable housing, the majority of Americans today cannot afford median rent prices, according to a new report by the real estate company Redfin. The analysis comes as other reports indicate that both homeowners and renters are struggling with high housing […]
NEW YORK – When we saw that rent at our current apartment would go up by several hundred dollars if we re-signed our lease this summer, my roommates and I knew it was time to start searching for a new place to live. We knew what we could afford between the three of us, […]
NEW YORK – Are you using ChatGPT yet? With free access to the latest upgrade – ChatGPT 4o – it’s a fantastic content creation assistant (and more). But even the best tech tools can lead to blunders if not used properly. Some studies show that ChatGPT can have an error rate as high as […]
BOCA RATON, Fla. – More than 60 of the largest banks in the country are at increased risk of failure due to their commercial real estate (CRE) exposures, according to a data analysis from a finance expert at Florida Atlantic University. Sixty-seven banks have exposure to commercial real estate greater than 300% of their […]