Baby boomers and the Silent Generation are expected to release millions of homes over the next decade, but most will be family-sized or larger, offering limited relief for first-time buyers.
Tampa ranked No. 1 in CoStar’s analysis of smaller industrial spaces, with Miami, Orlando and Jacksonville also placing among the nation’s top 20 markets.
Real estate brokerages plan to expand AI use for recruiting, administrative work and customer management, according to a Delta Media Group survey.
Tailoring messages to a person, property or neighborhood can help agents distinguish their business and encourage customers to respond.
Florida Realtors members heard how Amendment 3 could provide meaningful property-tax relief and improve affordability if approved by voters in November.
Fannie Mae will allow mortgage companies to notify borrowers who may qualify to cancel private mortgage insurance, potentially lowering their monthly payments.
The average 30-year mortgage rate climbed to 7.28%, its sixth straight weekly increase and highest level since November 2023. The 15-year rate rose to 6.60%.
A new survey found 77% of recent buyers exceeded their initial budgets, while some accepted fewer bedrooms, smaller yards or different locations.
Agents and buyers may see both old and new appraisal formats during the transition. An Oct. 16 Florida Realtors webinar will explain the changes.
A survey found 68% of homeowners were satisfied with their finances, compared with 47% of nonhomeowners, though many in both groups lived paycheck to paycheck.
