Long-Term Mortgage Rates Edge Higher, Snapping Slide This week, Freddie Mac reported a slight increase on the average rate on a 30-year mortgage, to 6.62% from 6.61%.
Federal Reserve Minutes Show Officials Cautious About Rate Cuts Minutes from the Fed’s December meeting show officials felt the economic outlook was uncertain and further hikes were still “possible.”
Redfin: Homebuyers’ Monthly Payments Drop to Lowest Level in Nearly a Year Redfin reported a $372 drop in U.S. mortgage payments during the four weeks ending Dec. 31.
AI Use to Become Even More Commonplace in 2024 AI will be used across all sectors in 2024, “in almost every enterprise,” including real estate, experts say.
Study: Homebuyers to Look for Less Flood-Prone Areas in Communities Flooding risk doesn’t mean people are moving out of communities, they’re just moving to “smarter places within those communities,” researchers said.
Why Desktop Appraisals Matter and How Agents Can Help Real estate agents can help make desktop appraisals more reliable by offering some valuable information.
Homebuyers’ Median Age Jumps to 49 The media age of homebuyers is up from 39 two decades ago, suggesting finances play a critical role in homeownership.
South Florida Buyers, Renters to See Positive 2024 Changes Forecasters say it’s a great time to buy or rent in South Florida thanks to the shifting market.
MBA: Mortgage Demand Drops Over Holidays An economist said purchases have not yet picked up in response to the recent mortgage rate decline.
Foreign Buyer Registration Rules Effective Jan. 4 The Florida. Dept. of Commerce finalized its rules and their effective date pertaining to certain foreign principals who must register property ownership under a 2023 law.