More Buyers Touring, Applying for Mortgages

More Buyers Touring, Applying for Mortgages

Redfin found an uptick in early stage homebuying activity after the election, despite high home prices and mortgage rates. SEATTLE — Redfin’s Homebuyer Demand Index is sitting near its highest level since September 2023, according to a new report from the real estate...
U.S. Consumer Sentiment Improves in December

U.S. Consumer Sentiment Improves in December

The University of Michigan said its consumer sentiment index climbed to 74.0 in December from 71.8 in November. Economists expected the index to rise to 73.0. WASHINGTON — A report released by the University of Michigan on Friday showed consumer sentiment in the U.S....
Insurance Market Back ‘From Brink of Collapse’

Insurance Market Back ‘From Brink of Collapse’

A Citizens Property Insurance official said reforms passed by the Legislature are continuing to stabilize the market and depopulation efforts are progressing.   TALLAHASSEE, Fla. — Changes to Florida laws — including a provision making it harder for policyholders to...
Fla. Insurance Head: No New Legislative Reforms Yet

Fla. Insurance Head: No New Legislative Reforms Yet

By Ron Hurtibise Commissioner Yaworsky says the state needs to analyze previous reforms, which seem to be boosting the private insurance market, before lawmakers introduce new efforts. FORT LAUDERDALE, Fla. — Here’s what Florida insurance officials want the...
BOI Reporting Rule Halted

BOI Reporting Rule Halted

A U.S. District Court’s prelim injunction has stopped enforcement of the Corporate Transparency Act and the BOI. NAR’s BOI Compliance webinar remain on for Dec. 10. WASHINGTON – On Dec. 3, 2024, the U.S. District Court for the Eastern District of Texas issued a...
U.S. Average 30-year Mortgage Rate Falls to 6.69%

U.S. Average 30-year Mortgage Rate Falls to 6.69%

It’s the lowest level since late Oct.; last week it was 6.81%. The average 15-year mortgage interest rate fell to 5.96%. Rates mostly have been rising in recent weeks. WASHINGTON (AP) — The average rate on a 30-year mortgage in the U.S. eased again this week, slipping...