The South, which saw almost as many new apartment completions as the other three regions combined, posted a minor increase in rents (1.1%).
The December NAHB/Wells Fargo HMI found builders expressed increased optimism for higher sales in the next months.
With the new post-settlement practice changes, agents are focusing on written buyer agreements to build trust, set expectations and enhance professionalism.
Most real estate agents know ChatGPT for its content creation abilities, but it is also useful to manage expenses and organize contacts, among other tasks.
Florida remains a top migration leader, though new trends show issues like housing costs and career pathways as areas to address for future growth.
The Hometown Heroes Housing Program helps Floridians achieve homeownership with zero-interest loans for down payments and closing costs.
A new Redfin survey found 47% of renters feel a sense of belonging in their neighborhood, compared with 64% of homeowners.
Redfin found that more buyers are in the market because they have accepted mortgage rates will remain above 6% for the foreseeable future, among other reasons.
Florida starter home prices have jumped since 2018, with rising rates and investor competition making it more difficult for first-time buyers.
More than 300K mortgage refinances closed in Sept. and Oct. – the most in 2.5 years – as borrowers took advantage of interest rates in the low 6% range.
