Pending home sales rose for the first time in six consecutive months, thanks in part to lower interest rates. Economist Yun says home sales’ low point “is likely over.” WASHINGTON – December pending home sales increased for the first time since May 2022, breaking a report-after-report decline that lasted six consecutive months. According to the … Read more
While the phrase “not out of the woods yet” is still used, Redfin economists say the market probably hit its cycle-low trough the second week of Nov. 2022. SEATTLE – The housing market has begun to recover after hitting a low point in the second week of November, according to a report from Redfin. The … Read more
The Florida Realtors-backed program funded with $100M has so far helped 3,500 teachers, police, ENTs, vets and others achieve the American dream of ownership. TALLAHASSEE, Fla. – Florida’s Hometown Heroes housing program – an issue strongly backed by Florida Realtors® during the 2022 session of the Florida Legislature and a helping hand for the people … Read more
In 2022, new-home sales were down 16.4% compared to 2021, but falling mortgage rates have pushed sales higher recently. In Dec., they were up 2.3% month-to-month. WASHINGTON – New-home sales posted a modest gain in December, increasing 2.3% (seasonally adjusted annual rate) from a downwardly revised reading in November, according to newly released data by … Read more
NAR responded to the White House rental program by suggesting other solutions, such as grants, and warning that policies can drive housing providers from the market. WASHINGTON – On Wednesday, the Biden-Harris Administration announced a new 18-page Blueprint for a Renters Bill of Rights. It’s a multipronged approach that impacts a number of government agencies, including … Read more
The extensive blueprint creates changes via DOJ, HUD, FHFA, FTC, CFPB and others. Builders say it could be worse, but the “order is the wrong strategy.” WASHINGTON – On Wednesday, the Biden-Harris Administration announced new actions to “increase fairness in the rental market and further principles of fair housing” that align with a new Blueprint … Read more
The property manager of an HOA tells residents who they should vote for in a board election and how to vote on assessments. Does Fla. law allow that? WEST PALM BEACH, Fla. – Question: Can the property manager of our homeowners association tell owners who to vote for in a board election, or when it … Read more
AI (artificial intelligence) will be big this year, as will questions on using it legally in some cases. Also expect more on 5G speeds and blockchain use. NEW YORK – Technology innovations predicted for the real estate arena in 2023? Expect to hear more about the expanding use of artificial intelligence (AI) in multiple areas, … Read more
For independent contractors, a slowing market might mean less money. But budgeting is always important since commission checks ebb and flow. CHICAGO – You may be watching your cash flow during the market slowdown. Use these smart tips to protect your nest egg. News about economic tumult may be making you feel jittery about your … Read more
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