NAHB: Attitudes about current production conditions for multifamily housing ranked low, while attitudes about occupancies in existing apartments rated highly positive. WASHINGTON – Confidence in the market for new multifamily housing was in negative territory for the third quarter, according to the National Association of Home Builders’ (NAHB) recent Multifamily Market Survey (MMS). The MMS … Read more
Nearly 6,000 policies were added last week. But that number could drop as 7 insurers were approved to assume as many as 202K policies from Citizens this week. TALLAHASSEE, Fla. – The state’s Citizens Property Insurance Corp. added nearly 6,000 policies last week and topped 1.344 million overall, according to data posted this week on … Read more
WASHINGTON – Tracy Kasper was installed as 2024 president of the National Association of Realtors® during the 2023 NAR NXT, the Realtor® Experience, in Anaheim, Calif. With more than 30 years in real estate, Kasper, a Realtor from Nampa, Idaho, is broker-owner of Berkshire Hathaway HomeServices Silverhawk Realty. She has served on NAR’s board of … Read more
Frustrated would-be home buyers may be spending money that would have gone toward a house on current home renovations, vacations or on 529 college savings accounts. NEW YORK – Potential home buyers are deferring their first house hunts not just for a few months, but for years and finding other ways to use the money … Read more
While the season ends Nov. 30, restoration efforts from Hurricane Idalia will go on for years in rural N. Florida, especially for those in the agriculture industry. TALLAHASSEE, Fla. – For a second consecutive hurricane season, Florida took a direct hit from a major storm. But while the 2023 season will end next week, restoration … Read more
Gathering a professional network that includes peers and a mentor is a crucial first step. Personal brands should also be adjusted to showcase your new specialty. MEMPHIS, Tenn. – For real estate agents hoping to eventually carve out a career in the luxury niche, assembling a professional network that includes peers – and, ideally, a … Read more
Despite high interest rates, jobless claims this week dropped to 209K. The economy’s durability raises hopes the Fed can continue to reduce inflation without a recession. WASHINGTON (AP) – The number of Americans applying for unemployment benefits fell sharply last week, a sign that U.S. job market remains resilient despite higher interest rates. The Labor … Read more
RE Q&A: Tenants don’t have to pay rent for the time their place is inhabitable. But landlords aren’t required to find them a temporary place or pay for it either. FORT LAUDERDALE, Fla. – Question: Our rental townhouse had an issue with the roof that leaked water into one of the bedrooms our renters use … Read more
Fannie Mae researchers: Mortgage rates in 2024 will retreat from recent highs and average 6.8% by year’s end; in turn, home sales will increase modestly over the year. WASHINGTON, D.C. – Economic growth remains likely to decelerate and ultimately result in a mild recession in 2024, followed by a return to growth in 2025, according … Read more
Total sales fell 14.6% year-over-year. Single-family home sales were down 4.2% month-to-month and down 14.6% year-over-year. Single-family median price was $396,100. WASHINGTON – Existing-home sales dropped in October, according to the National Association of Realtors®. Among the four major U.S. regions, sales slid in the Northeast, South and West but were unchanged in the Midwest. … Read more
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