Home Buying

25 Things That Never Belong in a Bathroom

NEW YORK – Black toilets, wall-to-wall carpet, and all-white bathrooms are a few design sins we’re here to save you from. Designing and decorating your bathroom can be tricky. Unlike other rooms, your bathroom is constantly at the mercy of excess moisture. It’s also where most people begin their mornings, end their evenings, find some … Read more

DeSantis Signs 2024-2025 State Budget

The new budget includes significant funding linked to Florida Realtors’ legislative priorities, including $100 million for the Hometown Heroes Housing Program. The new budget includes significant funding linked to Florida Realtors Legislative priorities, including $100 million for the Hometown Heroes Housing Program. TALLAHASSEE – Gov. Ron DeSantis signed Florida’s 2024-2025 Fiscal Year budget on Wednesday, … Read more

Black Homeownership Up, but Not to 2004 Level

The gap between Black and white homeownership rates closed over the pandemic, but disparities remain. SEATTLE – The homeownership rate for Black households has grown faster than average since 2019, but it’s still below the high-water mark reached in 2004, before the Great Recession. Insufficient credit is holding many Black households back from homeownership. Nearly … Read more

Housing Starts Post Slight Gains in April

The pace of housing starts was 17.7% higher than a year ago, but still insufficient to meet the demand, experts say. Higher rates have stymied homebuilding.   WASHINGTON – Housing starts in April posted a monthly gain of 5.7% to a seasonally adjusted annual rate of 1.36 million units, following a 17% fall in March, … Read more

Building Confidence as a New Agent

The early years as a new agent can be tough, but there are ways to make it more manageable, such as by taking classes and going to events. WASHINGTON — Real estate sales can be one of the most challenging yet most rewarding careers out there. Passing the state exam is hard enough but once … Read more

What Do Higher Rates Mean for Home Buying?

While the Fed doesn’t set mortgage rates, it influences them. Even with higher rates, it could be a good time to buy, one economist said. NEW YORK — Mortgage rates, credit card rates, auto loan rates, and business loans with variable rates will all likely maintain their highs, with consequences for consumer spending, after the … Read more

U.S. Consumer Confidence Declines | Florida Realtors

Responses to the nationwide survey said Americans remain concerned about high prices, particularly for food and gas. WASHINGTON — U.S. consumer confidence deteriorated for the third straight month as Americans continue to fret about their short-term financial futures with prices and interest rates still elevated. The Conference Board, a business research group, said Tuesday that … Read more

Average 30-Year Mortgage Rate Climbs This Week

The average rate on a 30-year mortgage rose to 7.1%, the highest level since late November. The average rate for 15-year fixed-rate mortgages rose to 6.39%. LOS ANGELES — Prospective homebuyers are facing higher costs to finance a home with the average long-term U.S. mortgage rate moving above 7% this week to its highest level … Read more

Florida Home Values Skyrocket | Florida Realtors

The average Florida home value doubled in six years. Tampa and Miami tied for having the third-fastest price doubling among large U.S. cities. MIAMI – The national median home price is twice what it was ten years ago. Molded by a storm of inflation, tight supply and surging demand, the average home price in the … Read more

Fannie Mae: Consumers Adjust to Higher Rates

One economist said consumers appear to be adjusting their expectations for the housing market to better accommodate higher mortgage rates and home pricing. WASHINGTON – While a growing number of consumers think mortgage rates will increase in the coming year, their optimism about the home buying and selling market ticked up, according to Fannie Mae’s … Read more