Baby boomers account for 42% of all home buyers, while millennials fall to 29% (down from 38% from one year ago), NAR said. Multigenerational home buying is rising. WASHINGTON — In a shift that underscores changing dynamics in the housing market, baby boomers now make up the largest generational group of home buyers, according to … Read more
At a press event at Florida Realtors’ Orlando office, the governor said homesteaded Floridians need “immediate relief” from the impact of rising property taxes. ORLANDO, Fla. — Gov. Ron DeSantis announced a plan for property tax relief for Florida residents during a press conference Monday morning at Florida Realtors®’ Orlando headquarters. The governor wants the … Read more
If you owe taxes, file your return or request an extension to avoid penalties. The IRS can help with payment plans and extensions. Free tools are available. NEW YORK — If you know or suspect you can’t pay the taxes you owe this tax season, you should still file a return with that information or … Read more
A verbal promise of a dog-walk area in a condo, not included in the written agreement, limits legal recourse. Residents may appeal as a group. FORT LAUDERDALE, Fla. – Question: We, along with others in our new construction condo, were all told there would be a dog-walk area. There was none when we moved, and … Read more
Inman On Tour Miami 2025, May 20-21, brings together industry leaders to discuss trends, AI and market shifts, with expert sessions to help agents thrive. MIAMI – As Florida remains a hotbed for real estate growth and innovation, Inman On Tour Miami 2025 brings together industry leaders, top agents and innovators to explore emerging trends, … Read more
Rates on 30-year mortgages fell to 6.65% from 6.67% last week, while rates on 15-year mortgages rose to 5.89% from 5.83% last week, Freddie Mac said. NEW YORK — The average rate on a 30-year mortgage in the U.S. fell slightly this week, a welcome reversal for homebuyers in what is traditionally the busiest time … Read more
Sales of newly built, single-family homes in February increased 1.8% thanks to slightly lower mortgage rates. Inventory was up 7.5% compared to a year earlier. WASHINGTON — A slight decline in mortgage rates and limited existing inventory helped new home sales to edge higher in February even as housing affordability challenges continue to act as … Read more
U.S. house prices rose 4.8% year over year, from Jan. 2024 to Jan. 2025. For the nine census divisions, monthly home price changes ranged from -0.8% to +1%. WASHINGTON — U.S. house prices rose 0.2% in January, according to the U.S. Federal Housing (FHFA) seasonally adjusted monthly House Price Index (FHFA HPI®). House prices rose … Read more
FinCEN issued an interim final rule removing reporting mandates for U.S. companies under the Corporate Transparency Act and set new deadlines for foreign companies. WASHINGTON — Consistent with the U.S. Department of the Treasury’s March 2, 2025, announcement, the Financial Crimes Enforcement Network (FinCEN) is issuing an interim final rule that removes the requirement for … Read more
A Pew Research survey of 3,600 U.S. adults revealed the ideal ages for life milestones: marriage (26.5), first child (27.3), home purchase (28.8) and retirement (61.8). NEW YORK – Young adults in the United States are reaching family and financial milestones later in life than they were 40 years ago. That begs the question: What … Read more
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