- Overall housing starts increased 15.8% in December to a seasonally adjusted annual rate of 1.50 million units, HUD said.
- To grow a small business, focus on customer trust and satisfaction, a strong digital footprint and a positive workplace culture, among other priorities.
- Sentiments towards homeownership remain positive as Americans identify it as a life goal. Many think it’s important to build long-term wealth.
- Real estate pros who overcome common fears like public speaking, networking and client ghosting can increase their business and see greater success.
- Pending home sales fell 4.5% in December, while canceled deals hit a record 16.2%. Existing home sales rose 0.7%, driven by earlier demand.
- NAR forecasts mortgage rates to stabilize near 6% in 2025, likely establishing a new normal. Inventory will gradually grow.
- Seven cities in Florida saw 10-year increases in home prices of more than 190%, according to a study, which is about twice the national average.
- The average rate on 30-year mortgages rose to 7.04% from 6.93% last week. Borrowing costs on 15-year fixed-rate mortgages increased to 6.27% from 6.14%.
- The newest Consumer Guide provides essential information on flood insurance, covering requirements and options for properties in flood-prone areas.
- The latest HMI survey revealed that 30% of builders cut home prices in January, with that share remaining stable between 30% and 33% since July.
- Themed showings and neighborhood-focused experiences help buyers connect emotionally and envision a future home.
- Small business owners are more hopeful about the economic agenda of the new administration, the National Federation of Independent Business said.
- Looking for insights into real estate trends for 2025? Find out from Florida Realtors chief economist at Real Estate Trends on Jan. 31 at the Mid-Winter Biz Meetings.
- Homeowners facing flooding from rivers and creeks are more likely to be underinsured than coastal residents, a new report found.
