- For most reporting companies, the new compliance deadline is March 21, 2025. Extensions apply for some storm-affected businesses.
- NAR's "Preparing for Homeownership" guide helps buyers explore home choices, down payment options, available resources and much more.
- Florida Realtors Chief Economist: “A new year usually brings with it a revival in the rate of homes being listed for sale; it certainly was the case this January.”
- Fed officials want more progress on managing inflation before further rate cuts. The pause means borrowing costs, including on mortgages, will remain stagnant.
- 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.
- When a condo resident cuts down a common area tree without permission, the association could fine the resident or seek replacement costs.
- AI tools can speed up and automate data collection, review demographic trends and reduce the potential for human error in real estate market analyses.
- Freddie Mac: It fell to 6.85%, its lowest level since late Dec. and eased for the fifth week in a row. A year ago, the 30-year FRM averaged 6.90%.
- Most community associations ban residents and guests from feeding wildlife. But if owners keep breaking the rules, it may require legal action.
- 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.
- 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%.
- 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.
- The IRS began accepting tax returns on Jan. 27 and expects over 140M filings by April 15. Most refunds arrive in 21 days, with some delayed until mid-February.
- Overall housing starts decreased 9.8% in January, which is 1.8% lower than a year ago. Multifamily decreased 13.5%.
