Fed Warns of Inflation, Backs Rate Cut Pause
Fed officials want more progress on managing inflation before further rate cuts. The pause means borrowing costs, including on mortgages, will remain stagnant.
January Existing-Home Sales Down 4.9%
The U.S. median existing-home sales price advanced 4.8% from January 2024 to $396,900, the 19th consecutive month of year-over-year price increases, NAR said.
RE Q&A: Can a Neighbor Cut Down My Tree?
When a condo resident cuts down a common area tree without permission, the association could fine the resident or seek replacement costs.
How to Use AI for Real Estate Market Analysis
AI tools can speed up and automate data collection, review demographic trends reduce the potential for human error in real estate market analyses.
30-Year Mortgage Average Rate Slips to 8-Week Low
Freddie Mac: It fell to 6.85%, its lowest level since late Dec. and easing for the fifth week in a row. A year ago, the 30-year FRM averaged 6.90%.
Condo Owner Breaking Rules by Feeding Wildlife
Most community associations ban residents and guests from feeding wildlife. But if owners keep breaking the rules, it may require legal action.
Citizens’ Policies Inch Up, Top 945K
A week earlier, the state’s insurer of last resort had 942,810 policies. Citizens’ policies are expected to decrease soon due to more depopulation efforts.
Florida Continues to Gain Million-Dollar Earners
The state had an 8% increase in million-dollar earners from 2021 to 2022, reaching 77,670, according to the IRS. But nationwide, that number dropped by 2%.
Families Spending 38% of Income on Mortgage
NAHB: In 4Q 2024, a family earning the nation’s median income of $97,800 needed 38% of its income to cover the mortgage payment on a median-priced new home.
Many Families Spend 38% of Income Paying Mortgage
NAHB: In 4Q 2024, a family earning the nation’s median income of $97,800 needed 38% of its income to cover the mortgage payment on a median-priced new home.