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Real Estate News

  • U.S. Consumer Sentiment Climbs November 8, 2024
    Consumer sentiment hits its highest since April. Long-term business conditions have reached their highest optimistic point in almost four years.
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  • Home Prices Benefit Owners, Challenge Buyers November 8, 2024
    A typical homeowner has accumulated $147,000 in housing wealth over the last five years. Prices remain on solid ground, NAR’s chief economist said.
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  • Who’s Responsible for Landscaper Damage? November 8, 2024
    If an HOA hires a contractor who then causes damage, the HOA shares the responsibility for addressing those damages. Take clear photos of the damages.
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  • Consumers More Confident on Housing November 8, 2024
    Despite higher home prices, the share of consumers who think it’s a good to time to buy increased to 20%. Those who think it’s a good time to sell declined to 64%.
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  • Fed Cuts Key Interest Rate a Quarter-Point November 7, 2024
    The Fed cut its key interest rate by 0.25%, lowering it to 4.6%, as inflation drops near its 2% target. Interest rates impact mortgage rates.
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  • Mortgage Rates Rise for Sixth Straight Week November 7, 2024
    Average rates on 30-year mortgages ticked up to 6.79% from 6.72% last week. Borrowing costs on 15-year fixed-rate mortgages rose to 6% from 5.99% last week.
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  • Aging-In-Place Tech Making Staying Home Easier November 7, 2024
    Older adults who want to age in place have new technology that makes it easier, including smart home and medical management systems.
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  • NAR Adds Guides for Buying and Practice Changes November 7, 2024
    NAR released a new guide for first time buyers and a video series for Realtors related to the practice changes for the proposed settlement.
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  • Multifamily Developer Sentiment Mixed November 7, 2024
    Demand for apartments remains strong, but high construction costs, financing challenges, land shortages and regulations will slow development in the coming months.
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  • Four Florida Cities Among Best for Veterans November 7, 2024
    Orlando, Tampa, St. Pete and Jacksonville are among the most veteran-friendly cities in U.S. across four categories: economy, employment, health and quality of life.
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