Several Florida office markets are outperforming broader national trends, according to a new CommercialCafe report. Miami posted the nation’s lowest vacancy rate among major office markets at 12.5%, while Tampa remained below the national average and Orlando stood out for comparatively affordable office rents.
A proposed federal rule could reshape how independent contractors are classified under labor law, a change real estate leaders say would provide more clarity and consistency for brokers and agents.
A strong digital presentation will help sellers attract more attention before buyers decide whether to schedule an in-person showing.
The average 30-year fixed rate rose to 6.53% this week from 6.51%, while the 15-year fixed rate increased to 5.66% from 5.65%, according to Freddie Mac. Rising borrowing costs continue putting pressure on affordability and monthly payment calculations for buyers heading into summer.
Buyers interested in lifestyle-focused, master-planned communities continue to show strong interest in relocation markets, particularly in warm-weather states. They're financially secure, expect to pay cash for their next home and are more deliberately researching their choices.
In a strong seller’s market, addenda W and X can help sellers accept a top offer while protecting their next option if the deal falls through.
A new survey found many Americans misunderstand what standard homeowners and auto insurance policies actually cover, including flood damage, rebuilding costs and common exclusions. For Realtors, the findings underscore why insurance literacy should be part of affordability and homeownership conversations early in the buying process.
When Realtors prepare a value or price opinion, other than in pursuit of a listing or to assist a potential buyer in formulating a purchase offer, the opinion must include any present or contemplated interest, including the possibility of representing the seller or buyers.
Consumers grew more cautious about spending in May as inflation remained elevated, but interest in existing-home purchases held up better than broader consumer sentiment.
A nationwide overhaul of appraisal reporting is underway, bringing more detailed property data and standardized reporting requirements.
