Real Estate News

More supply is helping ease the high demand seen during the height of the pandemic years, Realtor.com said.

Florida is home to three metros where prices rose the least due to increased home construction, providing more opportunities for buyers. 

The approvals are part of an ongoing “depopulation” program aimed at shifting Citizens customers to private carriers. As of last week, Citizens had 936,943 policies.

AI is transforming real estate with tools like virtual assistants, 3D staging, CRM automation and social media insights to boost efficiency and sales.

Wood is seeing a resurgence due to its durability, sustainability and easier installation. Rising material and labor costs make it important to weigh choices for longevity.

Business owners should pay careful attention to their office appearance while ensuring they have a clear vision and a solid marketing plan, among other factors.

Overall housing starts increased 15.8% in December to a seasonally adjusted annual rate of 1.50 million units, HUD said.

To grow a small business, focus on customer trust and satisfaction, a strong digital footprint and a positive workplace culture, among other priorities.

Sentiments towards homeownership remain positive as Americans identify it as a life goal. Many think it’s important to build long-term wealth.

Real estate pros who overcome common fears like public speaking, networking and client ghosting can increase their business and see greater success.

Pending home sales fell 4.5% in December, while canceled deals hit a record 16.2%. Existing home sales rose 0.7%, driven by earlier demand.

NAR forecasts mortgage rates to stabilize near 6% in 2025, likely establishing a new normal. Inventory will gradually grow.

The average rate on 30-year mortgages rose to 7.04% from 6.93% last week. Borrowing costs on 15-year fixed-rate mortgages increased to 6.27% from 6.14%.

The newest Consumer Guide provides essential information on flood insurance, covering requirements and options for properties in flood-prone areas.