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
Self-promotion without sounding self-centered is important to maintaining a thriving business. NEW YORK – Nikki Beauchamp, an advisor with Sotheby’s International Realty in New York City, says self-promotion is important for real estate professionals, but they need to balance showcasing their expertise while maintaining authenticity and nurturing genuine connections with clients and peers. Beauchamp recommends … Read more
LOS ANGELES – Emily Johnson recalls her first duplex fondly — well, sort of. She rented to a friend’s sister, who ended up being “a nightmare”: The tenant smoked in the house, paid rent late and knocked on Johnson’s door at 11 p.m. with maintenance requests. Nevertheless, Johnson caught the investing bug. That experience 20 … Read more
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