Florida Continues to Gain Million-Dollar Earners

The state had an 8% increase in million-dollar earners from 2021 to 2022, reaching 77,670, according to the IRS. But nationwide, that number dropped by 2%.
Read MoreFamilies Spending 38% of Income on Mortgage

NAHB: In 4Q 2024, a family earning the nation’s median income of $97,800 needed 38% of its income to cover the mortgage payment on a median-priced new home.
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The IRS began accepting tax returns on Jan. 27 and expects over 140M filings by April 15. Most refunds arrive in 21 days, with some delayed until mid-February.
Read More Housing Starts Retreat on Elevated Rates

Overall housing starts decreased 9.8% in January, which is 1.8% lower than a year ago. Multifamily decreased 13.5%.
Read MoreBeyond Chatbots: AI Reaching Into Real Estate

AI is being used in all aspects of real estate, from staging and valuations to appraisals and fraud detection, promising billions in value for the industry.
Read MorePay Off a Mortgage Before Retirement?

When deciding to pay off a mortgage, consider if it will help you in the long run. In some cases, it might not be the best financial move.
Read MoreBuyer’s Market Emerges in Parts of U.S.

Redfin reports 3.7 months of supply in January, the most in six years. Florida ranks high for buyers, with six of the top 10 metros for inventory.
Read MoreHealthy Home Trends Agents Need to Know

Healthy homes are designed and constructed to improve indoor air quality, reduce allergens and be more energy efficient.
Read MoreThe Psychology Behind Furniture Design

Furniture is far more than décor. Every element plays a role in influencing human behavior, and mastering the principles can create more livable spaces.
Read MoreFlood Program Borrows $2B After Storm Claims

FEMA is borrowing funds to cover flood insurance claims after Hurricanes Helene and Milton caused major damage, depleting NFIP resources from multiple floods.
Read MoreQuestions About New Condo Requirements?

The Florida DBPR launched a website to clarify condo law changes with educational resources, FAQs and other important information.
Read MoreRedfin: Florida Leads in All-Cash Sales

Florida led the nation in cash home sales in 2024, with West Palm Beach topping the list. However, the share fell across major Florida metros.
Read MoreBuilder Confidence Drops in February

NAHB said builder sentiment fell to the lowest in five months due to concerns over tariffs, mortgage rates and housing costs.
Read MoreU.S. Foreclosure Activity Increased in January

Foreclosures rose 8% in January but dropped 7% from last year. REOs increased in 30 states. Foreclosure starts rose 8% from December but fell 4% from last year.
Read MoreReal Estate Q&A: Can I End Joint Ownership?

In shared ownership, one person can finance to buy the other out or sell the home and split the equity. A legal case is costly so it’s best to reach an agreement.
Read MoreCreating Powerful ChatGPT Prompts

AI needs to be told what role it should fulfill when writing, which means letting the tool know whether they are writing as an agent or a marketing specialist.
Read MoreMultifamily Developer Confidence Mixed in Q4 2024

Developers are less pessimistic than this time last year, but supply-chain problems and high interest rates remain barriers to a stronger market, the NAHB said.
Read MoreFed Seeks Clarity Before Next Rate Cuts

The Fed is pausing rate cuts to monitor inflation and other economic factors. Future cuts depend on inflation trends and job market stability one Fed official said.
Read MoreU.S. Office Market Coming Back

Owners of high-quality office buildings in good markets should be on better footing today than a year ago, the real estate analytics firm Green Street said.
Read MoreBuilders Offering Incentives to Entice Buyers

The share of builders that offer sales incentives has ranged between 60% and 64% since June, while between 30% and 33% have lowered prices.
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