Officials are urging patience as rate increases slowly decline due to increased competition with new insurers entering the market.

NAR’s Pending Home Sales Index increased to 78.2 in March. Existing-home sales are forecast to rise by 9% in 2024 to 4.46 million

Properties typically remained on the market for 33 days in March, down from 38 days in February but up from 29 days in March 2023.

From induction ranges to faucet aerators, there are many ways to boost a kitchen’s sustainability score and make it more environmentally friendly.  

Some preventative measures against ransomware attacks include offsite backups, security training, frequent system updates and firewalls.  

The My Safe Florida Home home-hardening grant program will be expanded to include condos. It was a Florida Realtors’ priority for the 2024 legislative session.

The average rate on a 30-year mortgage rose to 7.17% from 7.1% last week. Costs on 15-year fixed-rate mortgages rose this week to 6.44% from 6.39%.

The FTC’s rule will be effective beginning in mid-August. NAR is currently reviewing the rule and its impact and will provide updates.

MLSs and brokerages seeking to be released under the settlement agreement must act by June 18, NAR said.

A new study shows sellers would rather leave money on the table and accept an all-cash sale than risk losing the sale completely because the mortgage falls through.