Citizens Policy Count Stable

Citizens Policy Count Stable

Citizens Property Insurance Corp. ended last week with about 769,000 policies, showing little change as private insurers continue assuming policies. TALLAHASSEE, Fla. — The state’s Citizens Property Insurance Corp. ended last week with 769,017 policies, as the...
Generational Wealth Shift to Shape Housing

Generational Wealth Shift to Shape Housing

An $84T–$124T wealth transfer from boomers to millennials could reshape cities as younger owners favor sustainability, walkability and mixed-use design. NEW YORK — An estimated $84 trillion to $124 trillion in wealth will shift from baby boomers to millennials...
Mortgage Rates Ease to Yearly Low

Mortgage Rates Ease to Yearly Low

By Alex Veiga Rates on 30-year mortgages slipped to 6.3% from 6.34% last week, while rates on 15-year mortgages dropped to 5.53% from 5.55% last week. WASHINGTON — The average rate on a 30-year U.S. mortgage edged lower this week, returning to its lowest level in...
Most Fed Officials Supported Rate Cuts

Most Fed Officials Supported Rate Cuts

By Christopher Rugaber Fed minutes show most officials backed a September rate cut, noting rising unemployment risks and easing inflation, a move that could gradually lower mortgage rates. WASHINGTON — Most members of the Federal Reserve’s interest-rate setting...
Most Americans Use AI for Housing Market Info

Most Americans Use AI for Housing Market Info

A new survey found 82% of Americans use AI like ChatGPT and Gemini for housing insights, but agents remain the most trusted information source. AUSTIN, Texas — The majority of Americans are embracing new tools to navigate the housing market, with 82% using AI for real...