First-Timers’ Need 13% More Income this Year

Nationally it’s 13%, but in Fort Lauderdale it’s 28% – the highest in the U.S. In Miami, a first-time buyer needs to earn 25% more than they did a year ago.
Read MoreBuy 2nd Home with Family, Friends? Get a Lawyer

“We all get along great” isn’t much help if there’s a disagreement about guests, repairs or maintenance. A lawyer can pre-solve problems before issues arise.
Read More5 Fla. Metros in Top 10 for Out-of-State Buyers

In 2Q 2023, Fla. remained a top go-to state, with the lion’s share relocating from New York, but Chicago provided more buyers for Cape Coral, No. 7 on the list.
Read MoreMobile Marketing: Many Agents’ Missed Opportunity

People use cellphones constantly – computers not so much. That means websites and ads that work just as well on smaller screens will be seen by a lot more people.
Read MoreGood News/Bad News: Economy Accelerates in 2Q

The U.S. economy grew 2.4%, up from 2% in the first quarter, indicating a still-robust economy that adds pressure on the Fed to raise interest rates again.
Read MoreNAR: June Pending Sales Rose 0.3%

“The recovery has not taken place, but the housing recession is over,” says NAR’s chief economist, after the first pending-sales increase in three months.
Read More30-Year Mortgage Rates Head Back Up, Hit 6.81%

After moving closer to 7% and then falling last week, the 30-year, fixed-rate moved a bit higher from last week’s 6.78%. A year ago, the rate averaged 5.3%.
Read More5 Ways AI Can Boost Real Estate Marketing

It’s hard to underestimate the impact of artificial intelligence (AI). International deals, for instance, will be easier even if no one speaks a common language.
Read MoreFed Raises Interest Rates a Quarter Point as Expected

Observers looked for clues on whether the Fed will raise interest rates again later this year, and the Fed seemed to imply it was likely, but not a sure thing.
Read MoreWhy Don’t You Have a Listings-Based Business?

A very general rule of thumb: Half an agent’s income should come from representing sellers. If that’s not you, here are things to consider.
Read MoreRemote Work and Thriving Cities: How to Keep Both

Hybrid work means fewer people downtown on any given day. Cities must adapt, a report concludes, by building multifamily structures to boost thin crowds.
Read MoreWhat Month Has the Most Home Options? July

The summer months saw the most available homes – to buy or rent – between 2020 and 2022. After July, it was Aug. and then June.
Read MoreJune New-Home Sales Cool As Mortgage Rates Rise

Newly built home sales fell 2.5% last month. NAHB cited higher mortgage rates and some supply chain issues for electrical transformers as the leading cause.
Read MoreWells Fargo Settles Lawsuit that Alleged Appraisal Bias

A N.C. couple sued Wells Fargo and others after alleging an appraisal came up $52K short. Wells Fargo didn’t admit guilt or dispute the statistical findings.
Read MoreCommercial Trends in 2023 and Beyond

What’s happening today that will influence the commercial RE market tomorrow? The rise of e-commerce, evolving work models, repurposing, new technology and more.
Read MoreJuly Consumer Confidence Up Again, Drives Recovery

Confident Americans spend money, and July’s confidence index rose to 117.0 from 110.1 in June. Outlooks rose for both current conditions and future expectations.
Read MoreWhat’s the Difference Between Threads and Twitter?

If you only use one text-format social media platform, should it be the new Threads or Twitter – or “X” due to the recent name change. Both have pros and cons.
Read MoreFHFA: May Home Prices Up 2.8% Year-to-Year

The index that tracks more than half of all U.S. mortgages found continued price stabilization. Month-to-month prices rose only 0.7%.
Read MoreStrong Leaders Develop a Hard-to-Leave Partnership

The leader’s goal is a “mutually beneficial relationship on trust and confidence that no one can replace” at each step of an agent’s business lifecycle.
Read MoreRealtors Strive to Make Housing Accessible to All

The National Association of Realtors® (NAR) has made housing accessibility for disabled Americans “a nationwide priority,” the association president writes.
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