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
Reverse mortgages – also known as Home Equity Conversion Mortgages (HECMs) – can help homeowners aged 62 and older. MIAMI, Fla. – A Home Equity Conversion Mortgage (HECM), also known as a reverse mortgage, is a HUD-insured financial product that allows homeowners aged 62 or older to convert a portion of their home equity into … Read more
The National Association of Realtors said declining mortgage rates “sparked a surge in interest.” WASHINGTON – Pending homes sales remained largely steady in November as compared to the previous month, according to the National Association of Realtors®. NAR found the Northeast, Midwest and West posted monthly gains in transactions while the South recorded losses. … Read more
The Federal Housing Finance Agency also says home prices rose 6.3% year over year. WASHINGTON – October U.S. house prices increased 0.3% from September, according to the Federal Housing Finance Agency’s (FHFA) seasonally adjusted monthly House Price Index (HPI). Home prices rose 6.3% year over year. Also, the previously reported 0.6% price increase in September … Read more
Experts say homeownership and estate planning can help close the wealth gap, which can protect assets for future generations. KEY WEST – A home is often the most valuable asset a family can own. It serves as a wealth-generating opportunity for current and future generations as the home’s value appreciates over time. Yet, for hundreds … Read more
Marketing your real estate team on social media is as important as individual social media marketing, professionals say. NEW YORK – Social media isn’t just important for individual real estate professionals. Real estate teams need to take part as well for brand awareness and career advancement. Competition in the industry is tight, but having solid … Read more
Freddie Mac says mortgage rates slid to the lowest level since May, “economy remains on firm ground with solid growth.” WASHINGTON (AP) – The average long-term U.S. mortgage rate retreated for the ninth week to reach its lowest level since May. The average rate on a 30-year mortgage dipped to 6.61% from 6.67% last week, … Read more
Forewarn, offered free to Florida Realtors members starting tomorrow, is a proactive approach to personal, professional and online safety. ORLANDO, Fla. – Florida Realtors® announced Forewarn – an instant identity verification and risk assessment tool that provides information in seconds – launches tomorrow, Jan. 3, providinag the state’s Realtors with an added level of … Read more
The National Home Builder’s Association also said apartment and condo starts increased 6.9%. WASHINGTON – New single-family home construction hit an unexpected high in November, bolstered by strong demand and lower interest rates, the National Association of Home Builders (NAHB) said Tuesday. Overall housing starts increased 14.8% in November to a seasonally adjusted annual rate … Read more
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