NAR study: The U.S. homeownership rate rose to 65.5% in 2021 – but Black ownership (44%) lags white ownership (72.7%) by 29 percentage points.
A seller seeing little interest after several months wonders what’s wrong with her house since the price is identical to similar homes that sold a year or so ago.
Investors expect the Fed to raise interest rates soon, and this week’s increase in the 30-year, fixed-rate mortgage reflects that. Last week it was 6.5%.
Study: The typical U.S. homeowner moved after 12.3 years in 2022, down from 13.4 in 2020 and 12.9 in 2021. But in Fla., only a Miami homeowner stays that long.
Volunteer now for a 2024 Florida Realtors committee. You’ll help guide the state real industry forward as you represent the interests of 238K Realtor members.
Start simple – maybe two social media channels – track effectiveness and then add a few more. It takes time to hone skills and figure out which ones work best.
Jan. pending sales rose 8.1% month-to-month as mortgage rates fell and affordability increased; however, pending sales were still down 24.1% year-to-year.
The U.S. House passed a bill to allow remote notarizations, a move NAR says it “has strongly supported … since 2018.” It now goes to the Senate for consideration.
The FHFA House Price Index in 4Q 2022 found an 8.4% year-to-year rise – but 20.1% in top-ranking Bradenton. Of 100 metros, none in Fla. was lower than 31.
Attitudes turn positive: A monthly UF study of Floridians saw a 1.9-point increase overall, with a rise in current expectations as well as expectations for the future.
