Borrowing costs on 30-year and 15-year mortgages dipped slightly to 6.79% and 6.11% respectively, giving prospective homebuyers a bit more room in their budgets. LOS ANGELES — The average long-term U.S. mortgage rate fell slightly this week, welcome news for home shoppers facing rising prices and a stubbornly low inventory of properties on the … Read more
Retirees should consider factors that include living closer to family and safety issues when determining if now is the right time to downsize. NEW YORK – Your home is your sanctuary, but it’s also one of your biggest budget items. And after you retire, it may feel like more house than you need. But in … Read more
A new study found young homebuyers are twice as likely to use family money for down payment than they were five years ago. A majority still work for the money. SEATTLE – More than one-third (36%) of Gen Zers and millennials who plan to buy a home soon expect to receive a cash gift from … Read more
The restoration effort in the Everglades is the largest hydrological restoration project ever undertaken in the U.S and aims to improve the water supply and increase flood protection. MIAMI – When Steve Davis jumped out of the airboat and into the water in the middle of the Everglades, it rose to just below his waist, … Read more
A commercial real estate AI expert said companies should create AI policies based on privacy and security issues and then build on them as needed. MINNEAPOLIS – At a panel discussion talking through artificial intelligence use in the workplace, specifically for commercial real estate, Dan Williamson, director of AI for the commercial real estate developer … Read more
The best way to start a home search is by keeping a top 10 list of essentials and deal breakers. Also, consider your lifestyle, pets, location needs and necessary features, among other things. NEW YORK – Looking for a house to buy can be a daunting task. Buying a home is typically the most significant … Read more
New home sales in the United States dropped slightly in February but are up 5.9% from a year ago. The slight uptick in mortgage rates held back new home sales, but builder confidence remains high. WASHINGTON – Sales of newly built single-family homes in February dipped slightly for the first time in three months after … Read more
Existing home sales saw the largest monthly increase in a year nationally, NAR said. The median price in the South was $354,200, up 4.1% from last year. WASHINGTON – Existing-home sales climbed in February, according to the National Association of Realtors®. Among the four major U.S. regions, sales jumped in the West, South and Midwest … Read more
Wealth passed down from one generation to the next provides financial security for children and grandchildren. Buying a house is one step in the process. NEW YORK – Generational wealth is financial wealth and assets that can be passed down from one generation to the next. Most people plan to pass on their wealth to … Read more
Anyone who is self-employed and receiving payments from peer-to-peer apps (PayPay, Venmo, etc.) have new tax reporting changes for the 2024 tax year. NEW YORK — Workers across different industries are increasingly receiving some or all of their income via apps. They include tutors, graphic designers, hair stylists and all kinds of independent and self-employed … Read more
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