Lower rates have encouraged buyers from the sidelines. In Florida, builders are offering incentives that include lot premium waivers and price reductions.
Even with affordability headwinds, builders remain optimistic about the future of the market. The share of builders cutting prices held steady at 32% in October.
Builder sentiment and easing monetary policy boosted single-family construction. Multifamily fell 9.4% due to tight financing and rising apartment completions.
Pending home sales posted their biggest increase since 2021 recently, but some house hunters are starting to pull back, Redfin said.
Wearing two hats isn’t for everyone – but, for some, dual licensing offers an opportunity to earn extra income and bring more value to your relationship with buyers.
Disaster-response resources are available this week in more than 10 Florida counties to help businesses and residents.
NAR released a new Consumer Guide focused on listing agreements to educate customers working with real estate professionals.
U.S. single-family rent prices were up by 2.4% year over year in August, the lowest rate of growth recorded since last fall, CoreLogic reported.
The SBA said disaster survivors should not wait to settle with insurance companies before applying for disaster loans. Also, Milton, Helene insurance claims increased.
Returns on typical U.S. home sales remain high but dipped down quarterly and annually, ATTOM found. Median raw profits hold steady at just under $130,000.
