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
MIAMI – Nearly everything in Robert Burr’s house is solar-powered. Solar-powered pumps burble water through fountains and bird feeders in his yard, which at night is lit by the glow of 125 solar-powered lights. On his roof, an array of 39 solar panels power his house and charge the electric car parked in his garage. … Read more
In 1Q 2023, 42.9% of sellers made a buyer concession; in 1Q 2022, it was 25.5%. Some do it to keep a transaction moving forward, others to match homebuilders’ freebies. SEATTLE – Home sellers gave concessions to buyers in 42.9% of U.S. home sales during the three months ending April 30, up from 25.5% a … Read more
More buyers frustrated with the limited number of existing homes turned to builders for relief in April. Sales growth is notably rising in the $200K-$400K range. WASHINGTON – Sales of newly built, single-family homes increased 4.1% to a 683,000 seasonally adjusted annual rate in April. That’s up from a downwardly revised reading in March, according … Read more
Most people shed possessions slowly over time, but a change in circumstances sometimes requires that it be done quickly. A three-step triage plan can help. NEW YORK – Ideally, you’d spend months or even years carefully purging excess belongings – but life may have other plans. Maybe you or someone you love has a health … Read more
NEW YORK – Canandaigua and Manhattan’s Chinatown are about as different from each other as two places in the same state can be. One is a small town in New York’s bucolic Finger Lakes region, where almost everyone is a white English-speaker. Chinatown packs nearly 10 times as many residents, many of them foreign-born and … Read more
The board met May 11 during NAR’s legislative meetings in Washington, D.C. Votes focused on the 2024 budget, dues, fair housing training requirements and more. WASHINGTON, D.C. – The National Association of Realtors® (NAR) Board of Directors met in Washington, D.C. on May 11 and took the following actions: Fair housing and diversity training The … Read more
Collateralized loan obligations (CLOs) offer easier terms for apartment building buyers, but their shorter terms and floating interest rates may be creating problems. NEW YORK – Defaults are rising for collateralized loan obligations (CLOs), which are mortgages packaged into bonds and sold to investors. These types of mortgages helped fuel rising housing costs across Sunbelt … Read more
The market slowed a bit nationally, but not in S. Fla., which is seeing slower, yet positive home value gains. About 2 out of 3 homeowners (65.3%) are “equity rich.” MIAMI – Homeowners across South Florida are seeing equity gains in their homes, despite the national housing market slowing down. About 65.3% of residential properties … Read more
Realtors can’t sell homes that aren’t listed for sale, and NAR’s chief economist cites a lack of inventory as the prime cause of March’s drop in signed contracts. WASHINGTON – Pending home sales decreased in March for the first time in five months (November 2022), according to the National Association of Realtors® (NAR). Of the … Read more
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