A Realtor® thought he was helping when he drafted a power of attorney for a friend. But, after a complaint was filed, the Realtor is found in violation of the Code of Ethics. How can that be if the power of attorney was directly related to real estate matters? Doesn’t that mean that Realtor provided real estate, not legal, services?
The Federal Housing Finance Agency also said the year-over-year growth was slightly above the historical average.
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.
The chamber also said the housing market will begin to stabilize to a new normal, and home prices will no longer spike.
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.
Some novel ideas to generate leads include integrating QR codes and chatbots into social media to provide potential buyers and sellers with immediate responses.
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%.
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.
