The U.S. Department of Housing and Urban Development’s funding will go towards projects across the state for continuum of care.
Consumer confidence came in better than expected in January and anxiety over a possible recession continues to fade.
The chamber also said the housing market will begin to stabilize to a new normal, and home prices will no longer spike.
A growing number of Americans plan to age in place rather than move to an assisted living or senior living facility, which will leave an inventory shortage.
Some novel ideas to generate leads include integrating QR codes and chatbots into social media to provide potential buyers and sellers with immediate responses.
NAR is projecting a 13% increase in existing-home sales in 2024 (from 2023) to 4.62 million and a 15.8% increase in 2025 (from 2024) to 5.35 million and said interest rates will be cut four times.
Proptech (real estate technology and innovation) investments and business opportunities will grow in 2024, and there’s plenty of room for entrepreneurs to take part.
Fannie Mae said a $2,500 credit will help very low-income borrowers with down payment and closing costs.
Florida is outperforming U.S. in job and income growth and population migration, two economic experts said.
Sales on new construction single-family homes increased 8% in December and 4.4% year over year across the U.S. In the South, new home sales increased by 5.2%.
