It’s not just the house: Some neighborhoods offer more opportunities. In Fla., the home price difference between high- and low-opportunity areas runs as high as 64%.
New buyers often ask similar questions, and an AI virtual assistant – not unlike ones used by some companies in online “Chats” – are handling the more basic queries.
Investors bid up prices for multifamily properties during the pandemic, and that debt will soon cost even more after higher interest rates affect loan rates.
An 18-association group that includes NAR sent a letter to federal housing regulators, saying that rent control makes affordable housing issues worse – not better.
How well does HUD oversee the nation’s Housing Trust Funds, which flow to states for affordable housing? The Fed’s oversight group suggests five changes.
Start with local research. What words to buyers use most often when searching for a home? What words are within listings that see the most clicks?
While $1M signified luxury property a short while ago, it’s now 8% of the nation’s housing stock – but a large percentage of those homes are still in Pacific Coast states.
The Florida Real Estate Commission took the first steps to create a new rule by offering preliminary, rough-draft language and opening the rule for development.
Overall, though, U.S. home prices dropped 2.4% year-to-year because total declines outweighed increases. Still, 5% of markets saw double-digit price increases.
The average rate on a 30-year, fixed-rate mortgage rose for the third week in a row, up from last week’s average 6.90%. A year ago, it was 5.22%.
