It’s a slight gain, but NAR’s chief economist says pending sales “remain at historically low levels.” Year-over-year, pending transactions were down 11%.
The average for a 30-year, fixed-rate loan moved higher for the seventh week in a row. Last week it averaged 7.63%; a year ago, it was 7.08%.
The My Safe Florida Home program has more applications than funding, but the Legislature may consider more money during a recently scheduled special session.
A Texas hotspot (Austin) lost residents for the first time, while Orlando, North Port-Sarasota, Tampa, Cape Coral and Miami made the top 10 for incoming residents.
The state’s “insurer of last resort” is a last resort for fewer Floridians. Recent depopulation efforts have reduced its coverage count by almost 100K policies.
It’s okay to include a floor plan in a listing, ruled a federal judge. He said it's “fair use” and doesn’t infringe on architectural-design copyright laws.
With too-few existing homes listed for sale, more homebuyers opted for new construction, which saw sales rise 12.3% month-to-month and 33.9% year-to-year.
The acronym starts with “S” for “Study your ideal client,” says Realtor Jimmy Burgess. Then go for “W” – “Who’s winning in other markets??
The highest mortgage rates in two decades have started to take a toll, and by the end of 2024, total existing-home sales will probably be the weakest since 2011.
The U.S. had 1M housing units under construction in Sept. Rent in many areas with multiple construction projects is stagnating and, in a few cases, falling.
