Real estate professionals who are watching, learning, and adapting will reap the benefits of new technologies, as the industry is starting to see with generative AI.

Fannie Mae: Homeowners aged 60+ like their homes and expect to age in place. Many feel good about their retirement financial plan and view home equity as a reserve.

Core inflation has declined, but housing costs remain high. Unless those costs cool, some experts doubt core inflation will return to the Fed’s 2% target.

Check the paperwork and read for context. “Non-recourse” is more of a description of how a loan works than a direct term, so it could be described differently.

That’s up from 6.90% last week, marking the 4th straight weekly increase. Rates have been creeping higher as reports show stronger-than-expected inflation.

NAR: Pending sales were down 8.8% year-over-year. Chief Economist Yun noted that “consumers are showing extra sensitivity to changes in mortgage rates.”

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Real estate branding helps you create and grow a recognizable identity. Protect your brand from infringement by registering it as a federal trademark.

However, showing the smallest such increase in nearly three years, consumer prices were up just 2.4% from a year earlier, down from a 2.6% annual pace in Dec.

NAHB: Builders predict multifamily starts will continue to decline (20%) this year, since units under construction are already near the highest level since 1973.

While U.S. tax law supports the current definition of an “independent contractor,” recent changes to U.S. labor law call it into question, and that could potentially impact Realtors.

A listing broker didn’t tell their seller they received a finder’s fee from the buyer – but the fee didn’t impact the Realtor’s honest and ethical advice. Why is it an issue under the Code of Ethics if the finder’s fee was negotiated before taking the listing?

Before leaving a real estate brokerage firm, associates should thoroughly review their independent contractor agreement to find out what portion of commission, if any, the associate will be entitled to after leaving.

Your exhausted seller received five offers in one day. Four are over asking price, but the last one offers $50,000 less, possibly making it a waste of time for an already overwhelmed seller. Must you still present it? Perhaps not – but only under very specific conditions.

A property appraisal is needed when mortgage financing is used to buy residential real estate. It acts as a market value reference point for buyers and current owners.

Consumer spending, which grew at a 3% annual pace during the quarter, fueled the upswing. The nation’s economic growth has topped 2% for six consecutive quarters.

It’s the fifth month in a row Florida residents’ optimism has resulted in a rise in consumer sentiment, to 74.1 in Feb., up 1.5 points from Jan.

Recent reports note Fla.’s condo market faces rising costs. But an influx of high demand during the pandemic may also be a factor influencing current conditions.

The $23M project will be for “high-need families” and also offer coordinated support services. Rents will be based on the area median income limits.

Using personas or profiles for potential clients, like retirees looking to downsize, can help Realtors target marketing efforts and increase engagement.