Single-Family Home Loan Limits Rise to $806,500
Beginning in 2025, Fannie Mae and Freddie Mac can acquire loans of up to $806,500 for single-family homes, a 5.2% increase from its 2024 level.
Judge Grants Final Approval of NAR Settlement
The court heard from all parties as well as objectors and the Department of Justice, and is expected to soon issue a formal written order.
Ending Buyer Broker or Listing Agreements Early
There are important differences between a conditional and unconditional termination when a buyer or seller and brokerage firm agree to part ways.
Florida’s Law for Written Listing Agreements
In Florida, written listing agreements must include an end date. Sellers should receive a copy of the signed agreement.
October New Home Sales Down on Higher Rates
New home sales dropped 17.3% in October to 610,000, with a 9.4% annual decline. Median price was $437,300, and 481,000 homes were for sale.
Experts: Black Homeownership Lags in the U.S.
Homeownership rates among Black households was 45.7% in 2023 from its peak of 49% in 2004. One expert said market forces work against Black homeowners.
Florida Endures Powerful 2024 Hurricane Season
The hurricane season, which began June 1 and ended Nov. 30, produced 18 named storms including Hurricanes Debby, Helene and Milton.
Florida Endures a Powerful 2024 Hurricane
The hurricane season, which began June 1 and wraps at the end of the month, produced 18 named storms including Hurricanes Debby, Helene and Milton.
Mighty Hurricane Season Draws to a Close
The hurricane season, which began June 1 and wraps at the end of the month, produced 18 named storms including Hurricanes Debby, Helene and Milton.
U.S. Consumer Confidence Ticks Higher
Americans’ view of the economy improved in November, with confidence rising to 111.7, driven by lower inflation expectations and more hiring.