NAR Board OKs Budget, Culture Transformation Plan

NAR Board OKs Budget, Culture Transformation Plan

By Stacey Moncrieff NAR’s Board of Directors approved the association’s operating, advocacy and consumer ad campaign budgets for 2025, among other actions. BOSTON — At its Monday meeting, the National Association of Realtors® Board of Directors approved NAR’s...
Mortgage Rate Climb Driven by Optimism

Mortgage Rate Climb Driven by Optimism

By Holden Lewis Despite Fed rate cuts, mortgage rates rose on economic confidence even with weaker job gains and temporary factors that affected the market. WASHINGTON — The Federal Reserve has cut short-term interest rates by 25 basis points. Nevertheless, mortgage...
Florida Home Prices Ease

Florida Home Prices Ease

Home prices in the larger metro areas, including Miami, Jacksonville, Orlando and Tampa, are declining, creating new opportunities for buyers.  MIAMI — The state of Florida remains an attractive destination for real estate. Realtor.com’s recently released...
Making Homes, Businesses More Storm Resilient

Making Homes, Businesses More Storm Resilient

By Jessica Orlando Experts said Florida has done well protecting buildings from wind damage and should now focus on protections from storm surge. MANASOTA KEY, Fla. — As the 2024 hurricane season nears its Nov. 30 finish line, Florida is left picking up the pieces...
U.S. Consumer Sentiment Climbs

U.S. Consumer Sentiment Climbs

By Amy Connolly Consumer sentiment hits its highest since April. Long-term business conditions have reached their highest optimistic point in almost four years. WASHINGTON — U.S. consumer sentiment improved for the fourth-straight month, hitting its highest reading in...
Home Prices Benefit Owners, Challenge Buyers

Home Prices Benefit Owners, Challenge Buyers

By Melissa Dittman Tracey A typical homeowner has accumulated $147,000 in housing wealth over the last five years. Prices remain on solid ground, NAR’s chief economist said. CHICAGO —Homeowners continued to see their equity grow in the third quarter, with nearly 90%...