Zonda’s New Home Lot Supply index showed the U.S. lot supply loosened year-over-year in the 3Q. But Miami was in the top 3 for tightest lot supply among major markets.

The BOD supports a tax policy proposal for a temporary tax credit for long-time owners of single-family homes to encourage them to sell their home to an owner-occupant.

Answer: More goods, workers and housing. Overall inflation didn’t rise from Sept. to Oct., the 1st time consumer prices haven’t changed month to month in over a year.

Freddie Mac Chief Economist: “New data indicate inflationary pressures are receding” – which, along with lower mortgage rates, may lure more homebuyers into the market.

Overall housing starts rose 1.9% to a seasonally adjusted rate of 1.37M units. NAHB chair: A lack of for-sale existing homes supported new construction demand.

As artificial intelligence and technology evolve, AI can transform some tasks real estate pros do, like automating marketing or making home showings more efficient.

OIR: That’s up from $287.8M in late Oct. As of this week, a total of 25,047 claims have been filed for Idalia damage. The hurricane made landfall Aug. 30.

A S. Tampa home is in a legal fight that may impact interpretation of Fla.’s homestead law. At issue? A 2017 court decision gave the home to a law firm over debts owed.

NAR attorneys: Real estate professionals should maintain clear communication with clients about the services they provide and how they get paid.

NAR Chief Economist Yun: Except for office space, commercial property rates are expected to stabilize, though higher interest rates are impacting commercial loans.

Last week, it was 7.5%. It’s the third weekly drop in a row, good news for buyers facing persistently high prices and a near-historic low number of for-sale homes.

CoreLogic: Nine out of 10 residential properties are still selling for a profit in 3Q 2023, despite the recent downturn in the housing market.

NAHB’s index for builder confidence fell six points to 34, the lowest level since Dec. 2022. But some data indicates improving conditions ahead.

These investors often rely on data- and technology-driven tools to find neighborhoods where buying in bulk is likely to pay off, then typically make cash offers.

Buyers in some older condos can’t get traditional financing because the associations have made insurance trade-offs as they deal with higher expenses.

Economist Lawrence Yun predicts that home sales will rise by 15% next year, and by spring, mortgage rates will hover in the 6% to 7% range.

Florida Realtors economist: Understanding the financial impact of current mortgage rates can help Realtors relate to their clients’ all-important number: their monthly payment.

Advocacy efforts will focus on keeping must-have programs going, like flood insurance, and pushing for programs that increase listings and boost fair housing efforts.

The “widow penalty” hurts a surviving spouse by cutting benefits, including Social Security. And widows, many times, can’t afford to keep their home.

Mentoring isn’t a “one size fits all” thing. Brokers start the process by identifying needs and supporting the agents who could benefit from mentoring.