Limited Existing Inventory Boosts New Home Sales

New home sales rose 3.6% in December, ending 2024 higher amid limited inventory, the NAHB said. The median price increased 2.1% overall.
Read MoreHow Can Buyers Secure the Best Mortgage Rate?

Although rates remain high, buyers can work to secure better ones by improving their credit scores and lowering their debt-to income ratios, among other things.
Read MoreUse Follow-Up Strategies to Turn Leads into Sales

Real estate agents should focus on consistent follow-up with current leads, offering value and persistence, rather than chasing new ones to boost conversions.
Read MoreNew, Updated Forms from Florida Realtors

Some of the updated forms add language for NAR settlement compliance to create consistent language across all forms.
Read More'Hidden Force' Can Bring Down Mortgage Rates

Mortgage rates are near 7%, not the expected sub-6%. Rates could fall if the gap between mortgage bonds and Treasury yields narrows. Fed rate cuts may boost demand.
Read MoreRE Q&A: What to Do With Unwanted Condo Items?

When renters find unwanted items, they should ask the landlord to remove them, document communications and keep photos in case of disputes.
Read MoreExisting-Home Sales Ascended 2.2% in December

Home sales in the final months of the year showed solid recovery despite elevated mortgage rates, NAR’s chief economist said.
Read MoreConsumer Sentiment Falls in January

Consumer sentiment dipped 4% in January, driven by inflation concerns, rising unemployment fears and declines across demographics.
Read MoreFla’s 2024 Housing: New Listings, Inventory Up

Florida Realtors Chief Economist: 2024’s biggest changes were the rise in inventory and the widening performance gap between the single-family and condo-townhouse markets.
Read MoreSpotting the Signs of Fake Hacking Threats

Fake hacking tricks victims into believing a breach occurred. To spot scams, look for small money demands, no system changes and disorganized claims.
Read MoreMortgage Rates See First Dip in Six Weeks

The rate on 30-year mortgages fell to 6.96% from 7.04% last week, Freddie Mac said. Borrowing costs on 15-year mortgages dropped to 6.16% from 6.27%.
Read MoreNAR Explains Wildfire Coverage in Latest Guide

NAR's new Consumer Guide explains fire insurance coverage and the importance of informed decisions in high-risk areas.
Read MoreFCC: Be Wary of Mortgage Scam Calls

Scammers have impersonated over 400 mortgage institutions nationwide, stealing hundreds of thousands of dollars from unwitting homeowners.
Read MoreHigh Housing Payments Slowing Sales

Redfin said daily average mortgage rates should be declining on less aggressive national economic policies. The average home is selling in 52 days.
Read MoreFlorida Renters Saw Affordability Gains in 2024

Tampa and Jacksonville are among the metro areas in Florida that saw the biggest year-over-year affordability gains, Redfin found.
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Home renovations don’t have to be extensive and expensive. Instead, opt for smaller changes, like new outdoor lighting or interior painting, for a big change.
Read More Questions Before Buying a Manufactured Home

Manufactured homes can be a cheaper option but may lose value over time, unlike a traditional home that gains equity.
Read MoreThe Secret to Marketing Success: Test and Learn

Test and learn is a marketing strategy that involves experimenting with different marketing tactics to identify what works best for your specific business.
Read MoreA Rule of Thumb for Using Home Equity

Experts recommend keeping HELOC borrowing small and short-term to avoid higher payments from rising rates. Consider fixed-rate loans for larger, long-term needs.
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Starting Jan. 27, businesses must get written consent for auto-dialed calls, texts, or prerecorded messages. More changes begin in April.
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