While some practitioners see business challenges as a result of fewer home sales, others see opportunity. View highlights from NAR’s newly released 2024 Member Profile.
Homebuyers on a $3,000 monthly budget have gained over $20,000 in purchasing power since mortgage rates peaked in the spring, Redfin found.
If inflation remains low through the summer, most economists expect the Fed to begin cutting rates in September. Interest rates are connected to mortgage rates.
Americans pay a 74.9% premium ($624,051 more) for waterfront properties on average. Naples and St. Augustine are top for affordability, a new study found.
Proposed rules would require servicers to help homeowners before foreclosing, reduce paperwork requirements and improve homeowner communications.
Citizens spent $482 million to purchase $3.564 billion in reinsurance coverage for the hurricane season, a cost-efficient measure to mitigate potential claims.
The average rate on a 30-year mortgage fell to 6.89% from 6.95% last week. Borrowing costs on 15-year fixed-rate mortgages fell to 6.17%.
Experts say a home’s eco-friendly features—and their selling points—can extend to outdoor spaces. Consider a rainwater harvesting system, among other things.
Rent prices in Jacksonville, Tampa, Orlando and Miami fell last month as property owners competed for tenants.
The National Association of Realtors' 2024 Member Profile found a lack of inventory and housing affordability hampered 2023 sales.
