National Real Estate News

Oct. 15, 2020

Best Places to Retire? 13 of the ‘Top 25’ Are in Florida!

U.S. News & World Report’s latest ranking of top retirement communities could have almost said, “Pick any town in Fla.” Seven Fla. metros are in the top 10: Sarasota (No. 1), Fort Myers (2), Port St. Lucie (3), Naples (4), Ocala (6), Miami (9) and Melbourne (10).

WASHINGTON ...

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Oct. 14, 2020

NAR Study: Millennials Drive the Desire for Bigger Homes

How did COVID-19 impact the real estate market? NAR did dual studies to find out, and Americans most affected by the pandemic mitigation safety rules – younger adults, especially those with children – have the strongest desire for bigger yards and more living space.

WASHINGTON – A study from the ...

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Oct. 12, 2020

Share this article: FacebookTwitterLinkedInPrintShare 1 in 4 Homeowners in Forbearance Still Paying Their Mortgage

About 25% of owners seemingly have mortgage forbearance as a preventative measure, “one of the most surprising aspects of this entire episode,” says a mortgage banker VP.

NEW YORK – About 25% of all homeowners who demanded forbearance are still current on their mortgages as of Sept. 6, according ...

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Oct. 9, 2020

Buyer Awareness: Some Homes Cost More to Insure

Hidden risks can make getting coverage difficult, expensive or both. Think about flood risk, hurricane or wildfire risk, and outdated wiring or plumbing in older homes.

SAN FRANCISCO, Calif. – When house hunting, the price of homeowner’s insurance probably isn’t top of mind. But homes with hidden risks can make ...

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Oct. 5, 2020

Can You Believe Market Statistics? Kind of – but Look Closely

Stats like “new home sales” can show trends over time, but a “margin of error” of 10.5% means a 4.8% increase is really anything from a 5.7% drop to a 15.3% increase.

NEW YORK – The headlines about residential housing sales Thursday were triumphant. “Sales of ...

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Oct. 2, 2020

Average Rate on 30-Year Mortgage Ticks Down to 2.88%

The average rate on a 30-year mortgage dropped from last week’s 2.90%. One year ago, the 30-year FRM averaged 3.65%.

SILVER SPRING, Md. (AP) – U.S. average rates on long-term mortgages edged down slightly this week, remaining at historically low levels.

Mortgage buyer Freddie Mac reported Thursday ...

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Oct. 1, 2020

NAR: August Pending Sales Top Pre-Pandemic Levels

The pending index hit a record high in August, with the number of sales under contract rising for the past four months in a row. NAR Economist Yun says he expected market stability during the shutdowns, but he’s “surprised to see the industry bounce back so strongly and so quickly ...

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Sept. 30, 2020

It’s Not Just Floridians – U.S. Confidence Is Also Up

The September Consumer Confidence Index rose above 100 (101.8) from last month’s 86.3, but the component measuring future expectations rose the most – from 86.6 to 104.0.

BOSTON – After a drop in August, September’s Consumer Confidence Index soared higher in September, rising 15.5 points ...

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Sept. 29, 2020

Suburban Home Prices Move Higher as Buyers Get Out of Town

Nationally, home prices in the suburbs have moved 3.2% higher since March compared to an overall 2.3% within cities, according to a realtor.com analysis. In South Fla., however, prices in urban areas declined 2.2% since March, while suburban prices are up 0.3%.

SANTA CLARA, Calif ...

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Sept. 28, 2020

Record Number of Homeowners Live in HOA Communities

In Florida, almost 10M residents live in one of 48,500 communities with a homeowners’ association or condo board. The number is second only to California, which has 49,200 HOAs.

NEW YORK – A new housing report finds that 73.9 million Americans live in a community with a ...

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