Due to a multi-decade low for housing affordability conditions and other factors, the U.S. homeownership rate remains the lowest in the last two years. WASHINGTON, D.C. – The U.S. homeownership rate was 65.6% in the second quarter of 2024, unchanged from the first quarter, according to the U.S. Census Bureau’s Housing Vacancies and Homeownership Survey … Read more
New HUD policy changes will enable veterans with service-connected disability benefits to access more housing opportunities. WASHINGTON – The U.S. Department of Housing and Urban Development (HUD) unveiled new policy changes aimed at expanding access to supportive housing for veterans by excluding service-connected disability benefits from income calculations. The change to the HUD-VA Supportive Housing … Read more
Join colleagues at Florida Realtors Convention & Trade Expo, Aug. 21-22, 2024. Preregistration closes Monday. ORLANDO, Fla. – Success strategies from top real estate leaders, how-to education sessions, the chance to network with other industry professionals and the latest in high-tech devices: That’s what the 2024 Florida Realtors® Convention & Trade Expo offers – opportunities to … Read more
U.S. home prices posted a 4.7% year-over-year gain in June. Miami outpaced San Diego, Calif., in June for the metro with the greatest price growth. IRVINE, Calif. – U.S. year-over-year home price gains inched down, reaching 4.7% in June, falling further from the previous month’s 4.9% in what will likely be a continual slide throughout … Read more
Potential homebuyers often are not aware of down payment requirements, a Fannie Mae study found. Others don’t understand essentials like credit scores. ©Florida Realtors® Source link
Consumers today demand transparency, honesty and accountability. With responsible marketing, companies can build a foundation of trust and loyalty. NEW YORK – Marketing campaigns in poor taste, driven solely by numbers or rushed launches, are all too familiar. Marketers today face a significant challenge in a socially conscious world: balancing the promotion of products or … Read more
Sales of luxury real estate, homes in excess of $1.5M, have been declining, but the average sale price has continued to keep pace, analysts said. WASHINGTON – Luxury real estate sales, which have led the market in numbers and dollar value since the pandemic, have started to settle out, declining 7.7% year over year during … Read more
Realtors aware of the gap between purchasing power and median sale prices in many Florida markets can better assist buyers by finding alternatives. ORLANDO, Fla. – Typically, the most important question prospective homebuyers need to answer is how much they can afford each month. This number then translates into their “purchasing power”, or how much … Read more
That’s the lowest level since early Feb., easing borrowing costs for prospective homebuyers facing record-high home prices. The average 15-year FRM fell to 5.99%. LOS ANGELES (AP) – The average rate on a 30-year mortgage fell this week to its lowest level since early February, easing borrowing costs for prospective homebuyers facing record-high home prices. … Read more
The Fed chair said if inflation continued to cool, “a rate cut could be on the table in the September meeting.” Interest rates are connected to mortgage rates. WASHINGTON — The Federal Reserve said Wednesday that greater progress has been made in reducing inflation to its 2% target, a sign that the central bank is … Read more
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