U.S Consumer Sentiment Falls

U.S Consumer Sentiment Falls

By Christopher Rugaber U.S. consumer sentiment declined 11% to 50.8 amid rising job concerns and long-term inflation expectations, with declines across all groups. WASHINGTON — Consumer sentiment fell in April in the fourth consecutive month of declines. The...
Rising Tariffs Could Drive Up New Home Prices

Rising Tariffs Could Drive Up New Home Prices

By Amy Connolly Tariffs on construction materials, particularly from China, may raise new home prices by up to $10,000 with costs possibly passed to consumers. ORLANDO, Fla. – Rising tariffs on construction materials could drive up the cost of new construction homes,...
RE Q&A: Can a Co-Op Board Require a New AC Unit?

RE Q&A: Can a Co-Op Board Require a New AC Unit?

By Gary M. Singer A co-op board can stop maintaining a shared AC system if allowed by governing documents and approved by required votes, but actions must be reasonable. FORT LAUDERDALE, Fla. – Question: I live in a 16-unit co-op with a water-cooled AC that runs...
30-Year Mortgage Rates Dip for Third Week

30-Year Mortgage Rates Dip for Third Week

By Alex Veiga The average rate on a 30-year mortgage fell to 6.62% from 6.64% last week, while rates on 15-year mortgages remained at 5.82%, Freddie Mac said. WASHINGTON — The average rate on a 30-year mortgage in the U.S. declined for the third week in a row, another...
NAR Answers FAQs on New Listing Option

NAR Answers FAQs on New Listing Option

NAR provides clarity on its new Multiple Listing Options for Sellers policy, addressing seller flexibility, delayed marketing and more. WASHINGTON — The National Association of Realtors® shared additional information about its new Multiple Listing Options for Sellers...