Last week’s approval ended the threat of a government shutdown until after the holidays and pushed a fight over the federal budget into January 2024.
At an NAR panel last week, industry experts said that when multiple generations live together, it can help address affordability concerns and homeownership gaps.
Overall housing starts rose 1.9% to a seasonally adjusted rate of 1.37M units. NAHB chair: A lack of for-sale existing homes supported new construction demand.
Freddie Mac Chief Economist: “New data indicate inflationary pressures are receding” – which, along with lower mortgage rates, may lure more homebuyers into the market.
NAR attorneys: Real estate professionals should maintain clear communication with clients about the services they provide and how they get paid.
These investors often rely on data- and technology-driven tools to find neighborhoods where buying in bulk is likely to pay off, then typically make cash offers.
Last week, it was 7.5%. It’s the third weekly drop in a row, good news for buyers facing persistently high prices and a near-historic low number of for-sale homes.
NAR Chief Economist Yun: Except for office space, commercial property rates are expected to stabilize, though higher interest rates are impacting commercial loans.
Mentoring isn’t a “one size fits all” thing. Brokers start the process by identifying needs and supporting the agents who could benefit from mentoring.
Florida Realtors economist: Understanding the financial impact of current mortgage rates can help Realtors relate to their clients’ all-important number: their monthly payment.
