Redfin: New Construction Falls to 3-Year Low

Redfin: New Construction Falls to 3-Year Low

Newly built homes are making up a smaller portion of total inventory as builders back off and more homeowners list their houses for sale. SEATTLE — Newly built homes made up 28% of single-family homes for sale nationwide in the third quarter, the lowest level in three...
Mortgage Rates Rise for Fifth Straight Week

Mortgage Rates Rise for Fifth Straight Week

By Alex Veiga The rate on 30-year mortgages rose to 6.72% from 6.54% last week, Freddie Mac said. Rates on 15-year mortgages rose to 5.99% from 5.71% last week. NEW YORK — The average rate on a 30-year mortgage in the U.S. rose for the fifth straight week, returning...
Dip in Mortgage Rates Lowered Down Payments

Dip in Mortgage Rates Lowered Down Payments

By Alex Veiga Down payment dollar amounts fell in 21 states in the third quarter with the biggest decline in Florida, where they fell 24% from a year earlier. LOS ANGELES — Homebuyers opted to make smaller down payments this summer as declining mortgage rates helped...
New Guide Helps Sellers Find the Right Agent

New Guide Helps Sellers Find the Right Agent

By Amy Connolly NAR’s latest Consumer Guide, Ten Questions to Ask a Seller’s Agent, provides helpful questions sellers should consider when selecting an agent. WASHINGTON — Sellers now have a new tool to help them choose their ideal real estate agent. The...
Key Insights on the Corporate Transparency Act

Key Insights on the Corporate Transparency Act

Reporting companies created or registered to do business in the U.S. before January 1, 2024, must file by January 1, 2025. TALLAHASSEE – As the deadline approaches, Florida lawyers must prepare for an important regulatory shift: the U.S. Department of the Treasury’s...