TALLAHASSEE, Fla. – Gov. Ron DeSantis trimmed $510.9 million from a record-high state spending plan signed Thursday, with nearly one-fifth of the cuts coming from a single program designed to keep swaths of rural property from commercial and residential development. While DeSantis didn’t give any explanation for projects he slashed for the fiscal year that … Read more
Should buyers hope for lower mortgage rates later this year? Maybe a bit. Will it convince more homeowners to list their property? Probably not. CHICAGO – Ending a cycle of 10 consecutive rate hikes, the Federal Reserve voted to hold off on another increase to its key short-term interest rate. The news fueled hopes that … Read more
The answer to “Who are you?” could be on your T-shirt – or phone case or tote bag. Print-on-demand services help small groups create group swag. NEW YORK – Larger brokerages often have branded merchandise to help foster a group identity and spread enthusiasm about their brand. However, teams or small brokerages should also have … Read more
Last week, the average rate on a 30-year, fixed loan was 6.71%; last year, it was 5.78%. Freddie Mac’s chief economist credits the Fed’s interest-rate pause for the drop. WASHINGTON – The average long-term U.S. mortgage rate fell again this week, positive news for potential homebuyers after rates reached their highest level since November earlier … Read more
Buying investment rental property? It can be lucrative, but a survey of landlords identified challenges, with repairs/maintenance and tenant screening topping the list. NEW YORK – Peak rental season is approaching, and a new set of landlords could be entering the market. Zillow economists predicted that 2023 would bring a surge in first-time landlords after … Read more
Interest rates remain unchanged after a Fed meeting – the first pause after 10 straight increases. But “may raise rates twice more this year” came as a surprise. WASHINGTON (AP) – The Federal Reserve kept its key interest rate unchanged Wednesday after having raised it 10 straight times to combat high inflation. But in a … Read more
Prices rose just 0.1% from April to May; and year-to-year, it was up only 4% increase compared to 4.9% one month earlier. Gas and lower grocery price hikes helped. WASHINGTON (AP) – Consumer prices in the United States cooled last month, rising just 0.1% from April to May and extending the past year’s steady easing … Read more
Census data shows the last decade’s most active development is in the Sun Belt. Texas holds top spots with Jacksonville (7), Orlando (11) and Tampa (15) close behind. ORLANDO, Fla. – A study of real estate development based on U.S. Census Bureau data covering the last decade finds Texas cities in the top five spots, … Read more
Buyers can now describe their dream home to a computer. You won’t be replaced by AI, says one broker, you’ll be replaced by people who use AI better than you. LAS VEGAS – Artificial intelligence (AI) will play a bigger role in helping consumers buy and sell homes, as it moves from behind the scenes … Read more
ATLANTA – Makeisha Robey grew up in a three-bedroom house and always wanted to provide the same for her children. But on a preschool teacher’s salary in Atlanta, that dream was out of reach. Her family moved from rental to rental as costs continued to rise. That changed after Robey learned about the Atlanta Land … Read more
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