Although UF’s monthly consumer confidence survey ended the year on a high note, the survey marked its third lowest level since it began in 1985. GAINESVILLE, Fla. – Consumer sentiment in Florida inched up for a third consecutive month in December to 69.5, gaining 1.2 points from a revised figure of 68.3 in November. Meanwhile, … Read more
Visual content is crucial to showcasing properties. Platforms like Instagram can help you get there. NEW YORK – Real estate agents can enhance their marketing efforts by using more visual content through platforms like Instagram and its short video feature, Reels. A 60-second Reel can provide a rapid tour of a property and showcase its … Read more
Prospective homeowners should consider all the steps to securing the best possible mortgage terms. NEW YORK – A home is the single biggest purchase most people will ever make. That’s perhaps become even more true in recent years when the cost of homes has increased dramatically. The sticker price of a home may come … Read more
Real estate agents and brokers must ensure their technology is “safe, secure and ethical,” including AI, NAR’s Dan Weisman said. ©Florida Realtors® Source link
Seven Florida locales dominated the 2023 U-Haul Growth Index, indicating the Sunshine State continues to be a sought-after destination. Seven Florida locales dominated the 2023 U-Haul Growth Index, indicating the Sunshine State continues to be a sought-after destination. PHOENIX – Seven regions in Florida lead in the highest number of one-way U-Haul moves in 2023, … Read more
Minutes from the Fed’s December meeting show officials felt the economic outlook was uncertain and further hikes were still “possible.” WASHINGTON — The Federal Reserve’s policymakers concluded last month that inflationary pressures were easing and that the job market was cooling. In response, the officials chose to leave their key interest rate unchanged for the … Read more
This week, Freddie Mac reported a slight increase on the average rate on a 30-year mortgage, to 6.62% from 6.61%. LOS ANGELES — The average long-term U.S. mortgage rate edged higher this week, ending a nine-week slide that gave prospective homebuyers some breathing room after home loan borrowing soared to the highest level in more … Read more
MIAMI – Homebuyers and renters are in luck. Real estate experts predict you can expect better deals in South Florida in 2024. Thanks to a slowdown in home sales and a growing supply of residences – especially high-rises – it’ll be a good time to rent or buy, the forecasters say. Prices will lower slightly, … Read more
The media age of homebuyers is up from 39 two decades ago, suggesting finances play a critical role in homeownership. WASHINGTON – The recent shift in the demographics of homebuyers in the United States paints a concerning picture for younger generations. The median age of homebuyers has risen to 49, a significant increase from 39 … Read more
Home buyers, encouraged by declining mortgage rates and increased listings, are moving from the sidelines, the Redfin Homebuyer Demand Index found. WASHINGTON – Redfin real estate found U.S. pending home sales had the smallest decline since March 2022, dropping by 4% year over year in the four weeks ending Dec. 24. The Redfin Homebuyer Demand … Read more
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