While mortgage rates moving closer to 6% will draw buyers into the 2024 housing market, several economists don’t think it will create a similar rush of sellers listing their homes LOS ANGELES (AP) – Several housing economists are projecting that mortgage rates will ease moderately next year, though the forecasts call for the average rate … Read more
“No one has ever found themselves in a recession and said, ‘I wish I had less cash,’” says Jimmy Burgess, Berkshire Hathaway HomeServices Beach Properties of Florida CEO. ORLANDO, Fla. – According to Jimmy Burgess, CEO for Berkshire Hathaway HomeServices Beach Properties of Florida, there are seven important moves real estate professionals can make to … Read more
If finalized, the current version of the proposed rule would require landlords in HUD programs to give nonpaying renters a 30-day notice before filing for an eviction. WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) published a Notice of Proposed Rulemaking in the Federal Register on Friday regarding tenant notifications in evictions … Read more
Nationwide, pending home sales fell 1.5% in October, but falling mortgage rates and a growing number of new builds are a harbinger of optimism. WASHINGTON – Pending home sales fell to their lowest levels in two decades in October, with the South seeing a moderate decline compared to the rest of the nation, the National … Read more
Agents are creating their own podcasts to share new insights and build their personal and professional brand. It’s easier than you think. NEW YORK – Americans are voracious consumers of podcasts, which makes the technology an appealing option for real estate marketing. Agents can use this low-cost medium to discuss current market trends, pick the … Read more
U.S. consumer spending – coupled with easing inflation and resilient hiring in the third quarter – raises hopes for a soft landing to offset a possible recession. WASHINGTON – Shrugging off higher interest rates, America’s consumers spent enough to help drive the economy to a brisk 5.2% annual pace from July through September, the government … Read more
For the second month in a row, private insurers took more than 90,000 policies from the Citizens Property Insurance Corp., the state-run “insurer of last resort.” TALLAHASSEE, Fla. – Seven carriers last week assumed a total of 92,886 policies as part of an effort to reduce the number of homes insured by Citizens, which was … Read more
After three monthly declines, the measure of Americans’ attitudes increased to 102.0 in Nov. from Oct.’s 99.1, largely due to an upswing in attitudes about the future. monthly consumer confidence report from the Conference Board. The index rose above 100 in November to 102.0, an increase from 99.1 in October. The Present Situation Index – … Read more
To measure housing-cost inflation, the Consumer Price Index uses “the current cost to rent the house you own,” even though many mortgage payments won’t change. NEW YORK – The U.S. Bureau of Labor Statistics, which compiles the Consumer Price Index (CPI), doesn’t measure the cost of homeownership within home prices. Instead, it estimates what a … Read more
The Sarasota Chamber brought local leaders in to discuss the housing shortage after 73% of local businesses said it affects their ability to recruit and retain workers. SARASOTA – The Sarasota Chamber and the area’s largest philanthropic organizations came together with members of the business community recently to present ideas on ways to solve a … Read more
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