Get multiple quotes, move some things yourself and study financing options. On the upside, this summer’s moves cost a bit less than they did last year. NEW YORK – Packing your things and moving to a new home is a financial hurdle even in the best of times, but higher demand for moving-related services in … Read more
Bonds backed by commercial real estate mortgages have not done well lately. Many investors fear the current office vacancies and refinancing difficulties. NEW YORK – Commercial-mortgage-backed securities (CMBS), a small corner of the U.S. bond market, dropped significantly over the past year due to fears that owners of business parks, high-rises and other office properties … Read more
Homeowners with mortgage rates too low to give up aren’t listing their homes, pushing buyers to the new-home market – an economic boon for builders. NEW YORK – High interest rates are actually making new homes easy to sell by compounding a shortage of available real estate. Existing home sales have slowed because fewer owners … Read more
The average rate for a 30-year, fixed-rate mortgage fell to 6.78% this week – down from last week’s 6.96% and the lowest rate in about a month. LOS ANGELES – The average long-term U.S. mortgage rate slipped this week to the lowest level in four weeks, a boost for house hunters facing a market held … Read more
Florida Realtors: YOY single-family home median price flat at $420K, supply at 2.8 months. YOY condo median price also remains the same at $325K, supply at 3.6 months. ORLANDO, Fla. – Florida’s housing market in June and second quarter (2Q) 2023 showed signs of continued stabilization of statewide median prices and improving inventory levels (active … Read more
The Fla. Legislature’s demographic office says that the state had 22.6M Floridians in April, and predicts it will have 25.1M by April 2032 – an almost 11% increase. TALLAHASSEE, Fla. – Many of the state’s homebuyers over the next decade will come from out of state. Newly updated estimates show Florida’s population increasing to more … Read more
U.S. single-family home starts fell 7% in June after four consecutive increases, but permits – an indication of future home builds – were up 2.2%. WASHINGTON – After four straight months of gain, June’s single-family production fell, according to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Overall housing starts, which … Read more
An American Heart Association peer-reviewed study finds that Blacks still living in once-redlined districts have an 8% greater chance of heart attacks. DALLAS – An American Heart Association (AHA) analysis of more than two million U.S. adults found that present day heart failure risk is higher among Black adults living in zip codes historically impacted … Read more
With the tight inventory of existing homes, the market remains solid for builders, and the index measuring attitudes moved one point higher to 56 from June’s 55. WASHINGTON – Buyers who can’t find an existing home turn to new construction, which helped builders’ confidence in single-family homes move higher in July. In a 1-100 index … Read more
The 5 bed/2 bath, 13,195 square-foot New Orleans mansion – actually Calif. – “dates back to the late 19th century” and has a steep asking price: Your soul. NEW ORLEANS – A famous mansion has landed on the fake real estate market in New Orleans, Louisiana, for an extremely high price: One – or more – … Read more
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