While $1M signified luxury property a short while ago, it’s now 8% of the nation’s housing stock – but a large percentage of those homes are still in Pacific Coast states.
An 18-association group that includes NAR sent a letter to federal housing regulators, saying that rent control makes affordable housing issues worse – not better.
If 9 out of 10 buyers start by typing “How do I buy a home?” into a search engine, it’s worth spending money to make sure your agency’s name is near the top.
The number of completed foreclosures rose 4% month-to-month, but Attom says the “housing market remains in flux” – they could go back up or keep dropping.
Overall, though, U.S. home prices dropped 2.4% year-to-year because total declines outweighed increases. Still, 5% of markets saw double-digit price increases.
Nine states, including Fla., have challenged flood insurance Risk Rating 2.0 in court. This week, the U.S. urged a judge to deny their preliminary injunction request.
The Florida Real Estate Commission took the first steps to create a new rule by offering preliminary, rough-draft language and opening the rule for development.
The average rate on a 30-year, fixed-rate mortgage rose for the third week in a row, up from last week’s average 6.90%. A year ago, it was 5.22%.
Start with core values – but importantly, write them down to create a clear guide for the agency’s direction. It also helps keep everyone onboard if you make them short.
By 2026, GM says all its Ultium-based electric vehicles will have bidirectional charging – to be charged at home but also send power back to the house if needed.
