October’s lower inflation rate is a welcome sign for a housing market that’s seen steady declines in 2022. A recent report showing that the rate of inflation declined in October is good news for the real estate industry, and possibly a bellwether of declining mortgage rates in coming months, Lawrence Yun, chief economist for the National Association of REALTORS®, told thousands of attendees Friday at NAR NXT, The REALTOR® Experience(li
An annual report from the Counselors of Real Estate identifies the most pressing topics that could have long-term consequences for housing. Both the residential and commercial real estate markets face an “extraordinary era of unpredictability,” William McCarthy, 2023 global chair of The Counselors of Real Estate, said Friday at a session during NAR NXT, The REALTOR® Experience in Orlando, Fla. Whether it’s inflation, rising interest rates,
Follow live updates and election results here.Gas prices got a lot of attention from candidates these midterm elections, but rents and home prices that skyrocketed during the pandemic are a far bigger chunk of people's budgets — and those increases are fueled by a historic housing shortage. Voters in dozens of cities were asked to approve more spending for affordable housing, and in some places they did so overwhelmingly.Kansas City&n
Builders have become more eager to offer prospective home buyers incentives— including more affordable rate buy-downs, reduced closing costs and free amenities—as mortgage rates soared to a 22-year high last quarter and more homes emerged on the market.KEY FACTS Ryan Marshall, president and CEO of home construction company PulteGroup Inc., said during a second-quarter earnings call that a majority of incentives offered are longer-
Decorating with mirrors can not only make your home feel bigger and brighter, but also create a statement feature for your home Decorating with mirrors, in the right hands, makes the most of a room’s natural light, enhances views and opens up a small space, but mirror can also add something more interesting to your space, too. The key, of course, lies in placing the right mirror, in the right location to maximize its decor-uplifting potential.&
iPro was founded on the idea of building a better living with champion real estate services. We focus on incorporating and mastering the latest technologies and perform all types of real estate transactions. Our team of professionals set a stronger standard of business and give superior results.Click here for information on becoming a salesperson.
Only 16% of those surveyed by Fannie Mae in October said it was a good time to buy a home, and the percentage who said it's a good time to sell also fell, according to new data released Monday New markets require new approaches and tactics. Experts and industry leaders take the stage at Inman Connect New York in January to help navigate the market shift — and prepare for the next one. Meet the moment and join us. Register here.A
iPro was founded on the idea of building a better living with champion real estate services. We focus on incorporating and mastering the latest technologies and perform all types of real estate transactions. Our team of professionals set a stronger standard of business and give superior results.Click here for information on becoming a salesperson.
Though not as obvious as fire or flood damage, mold can spread quickly and cause significant property issues if not caught early. Many homeowners may think the worst thing that can happen to their property is a fire or flash flood. But there's another kind of threat that's less obvious yet potentially just as harmful: mold.Though not as pronounced as fire or flood damage, mold can be equally pervasive, scaling walls, floors and ceilings to inflic
Economists eye two possible scenarios: Rates could rise to 8% or higher by the end of the year, or they could stabilize. Know what to expect. Mortgage rates this week dipped slightly below 7%, even after the Federal Reserve aggressively raised its benchmark interest rate again to tame inflation. The 30-year fixed-rate mortgage averaged 6.95% this week after hitting a 20-year high of 7.08% last week, Freddie Mac reports.“Even with the Federal Re
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