Sales were down 5.6% month-to-month, but they’re up 17.7% year-to-year and up 4.6% so far in 2023. About 30% of all Oct. home sales were new construction.

Some older adults won’t downsize because they want to transfer their “pride of ownership” to loved ones – but the younger generation wants to buy its own house.

The site-built home process hasn’t changed much over the decades, but modular building makes it more efficient by completing different tasks at the same time.

Fannie Mae researchers: Mortgage rates in 2024 will retreat from recent highs and average 6.8% by year’s end; in turn, home sales will increase modestly over the year.

RE Q&A: Tenants don’t have to pay rent for the time their place is inhabitable. But landlords aren’t required to find them a temporary place or pay for it either.

Despite high interest rates, jobless claims this week dropped to 209K. The economy’s durability raises hopes the Fed can continue to reduce inflation without a recession.

Gathering a professional network that includes peers and a mentor is a crucial first step. Personal brands should also be adjusted to showcase your new specialty.

While the season ends Nov. 30, restoration efforts from Hurricane Idalia will go on for years in rural N. Florida, especially for those in the agriculture industry.

Frustrated would-be home buyers may be spending money that would have gone toward a house on current home renovations, vacations or on 529 college savings accounts.

FloridaCommerce: HUD has approved Fla.’s action plan for $910M in Community Development Block Grants funding for long-term recovery efforts in 20 impacted counties.

Total sales fell 14.6% year-over-year. Single-family home sales were down 4.2% month-to-month and down 14.6% year-over-year. Single-family median price was $396,100.

Tracy Kasper is now officially installed as NAR’s 2024 president, and Eric Sain, Florida Realtors’ 2019 president, is NAR’s 2024 VP of association affairs.

Nearly 6,000 policies were added last week. But that number could drop as 7 insurers were approved to assume as many as 202K policies from Citizens this week.

NAHB: Attitudes about current production conditions for multifamily housing ranked low, while attitudes about occupancies in existing apartments rated highly positive.

Florida Realtors: Fla.’s single-family median price up 2% ($410K), condo median up 3.9% (over $321K). Pending sales and new listings rose in both property categories.

At an NAR panel last week, industry experts said that when multiple generations live together, it can help address affordability concerns and homeownership gaps.

To get past the front door, take value-adds along like handouts with info about local events, home improvement ideas, or other tips.

Last week’s approval ended the threat of a government shutdown until after the holidays and pushed a fight over the federal budget into January 2024.

RE Q&A: An estoppel found a small credit to the seller that the buyer reimbursed at closing; therefore, the HOA should honor the credit balance on the unit’s account.

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.