by Editor | Oct 22, 2024 | General News
By Carol Weinrich Helsel Real estate professionals are building client loyalty and responding to needs among a quickly growing Hispanic demographic. CHICAGO – Homeownership among Hispanic Americans is at an all-time high of 51%, according to the National Association...
by Editor | Oct 22, 2024 | General News
By Gary M. Singer If your tree falls during a storm and damages your neighbor’s house, who pays? Let your insurance company handle it. FORT LAUDERDALE, Fla. – Question: During the recent storm, my neighbor’s overgrown tree was knocked over, destroying our fence and...
by Editor | Oct 22, 2024 | General News
The increase in new home sales shows they continue to be an appealing option. The average loan size for new homes rose to $402,658 in September. WASHINGTON – The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for September 2024 shows mortgage...
by Editor | Oct 21, 2024 | General News
Even with affordability headwinds, builders remain optimistic about the future of the market. The share of builders cutting prices held steady at 32% in October. WASHINGTON — With inflation gradually easing and builders anticipating mortgage rates will moderate in...
by Editor | Oct 21, 2024 | General News
Lower rates have encouraged buyers from the sidelines. In Florida, builders are offering incentives that include lot premium waivers and price reductions. WASHINGTON —The latest report from Realtor.com found that the number of homes under contract last month rose 3.5%...
by Editor | Oct 21, 2024 | General News
By Laurel Wamsley Many forecasts have rates near 6% at the end of this year and falling to about 5.8% next year. The days of 3% and 4% rates appear to be over. WASHINGTON — You might expect that mortgage rates would be falling right now after the Federal Reserve cut...
