Reverse mortgages are a major financial decision but can work for borrowers under a unique set of circumstances, one expert says.

Fannie Mae said a $2,500 credit will help very low-income borrowers with down payment and closing costs.

Proptech (real estate technology and innovation) investments and business opportunities will grow in 2024, and there’s plenty of room for entrepreneurs to take part.

Sales on new construction single-family homes increased 8% in December and 4.4% year over year across the U.S. In the South, new home sales increased by 5.2%.

The IRS is rewriting its commonly received notices using simpler language to make them “shorter, clearer and easier to understand," Treasury Secretary Janet Yellen said.

Many Americans say renting suits their lifestyle more than owning right now. The decision to rent or buy is a complex one, a new survey found. 

New mortgage applications increased by 3.7% from the previous week, the Mortgage Bankers Association said.

Housing experts say the community association housing market should remain a top choice for homebuyers in the coming year.

Older adults who are in debt have options – including downsizing, moving (to Florida) and timing Social Security benefits – to rein in finances, experts said. 

New residents continue to flock to southwest Florida, as Lee County prepares to hit the one million mark by 2023. Local leaders are looking to solutions to the housing shortages.  

2024 RE Trends panel: Helping new retirees and relocating workers find affordable housing while feeling a sense of belonging and community is vital to Fla.’s future.

Home prices in several Florida metro areas have the highest chances of dropping while prices in other parts of the U.S. will go up through November 2024, CoreLogic said.

The number of U.S. homeowners in forbearance plans dropped in December to 115,000 from 130,000 the previous month, the Mortgage Bankers Association said. 

A new study shows algal blooms have wide-reaching financial impacts on Florida’s economy, including lowing property values.

Anyone using area code 904 will be required to dial 10 digits for all calls as Northeast Florida readies for a new area code – 324.

A recent study found that homeownership is more affordable than renting in several Florida counties despite a nationwide trend to the contrary.

In 2024, buyers will be looking for homes with AI-driven tech, large windows and EV charging stations, among other amenities.

“Overall, we expect 2024 to be a better year than 2023 for homebuyer affordability and the mortgage industry,” Fannie Mae’s chief economist said.

Communities are being designated as “blue zones” to suggest they promote healthier living and longevity. Some 80 U.S. locales are part of the Blue Zone Project initiative.

The National Institute of Standards and Technology is crafting standards for AI, which can have wide reaching impacts on all sectors including real estate.