Pending Home Sales Increase 1.8% in May

Pending Home Sales Increase 1.8% in May

NAR: Pending home sales rose 1.1% year-over-year. The West led monthly gains, while the Midwest and South grew yearly. Rates still drive buyer decisions. WASHINGTON — Pending home sales increased by 1.8% in May from the prior month and 1.1% year-over-year, according...
Citizens’ CEO: Florida Insurance Market Strong

Citizens’ CEO: Florida Insurance Market Strong

Florida’s insurance market is rebounding, with rates stabilizing and Citizens’ policy counts declining – progress proving reforms are working, CEO Tim Cerio said. LAKE MARY, Fla. — Several indicators of market health point to the same conclusion: Florida’s...
Condo Law Changes Prompt New Forms, Webinar

Condo Law Changes Prompt New Forms, Webinar

By Amy Connolly Florida’s new condo law extends inspection deadlines and eases funding rules. Florida Realtors will soon release updated forms and host a June 30 webinar. ORLANDO, Fla. — In response to Gov. Ron DeSantis signing a bill Monday that revamps the...
New Home Sales Slip in May

New Home Sales Slip in May

Sales of newly built single-family homes declined 13.7% in May on elevated interest rates and economic uncertainty, said NAHB. WASHINGTON — Elevated interest rates and economic uncertainty sent more home buyers to the sidelines in May as housing affordability...
Hidden Home Equity Tax Hits Longtime Owners

Hidden Home Equity Tax Hits Longtime Owners

By Allaire Conte Millions of homeowners risk surprise tax bills on sale profits due to capital gains limits that haven’t changed since 1997, despite soaring prices. AUSTIN, Texas – Millions of American homeowners are sitting on a hidden tax burden they never planned...