A report from Bloomberg. "Before Donald Trump’s election, Redfin Corp. projected mortgage rates would average 6.1% next year. But three days after the election, they revised their estimate upward to 6.8% – basically unchanged from today’s high levels. 'The difference…
A report from Click Orlando in Florida. "With a deadline of Dec. 31 just around the corner, over 150 condo associations along Volusia County’s coast still have not turned in their 'milestone' inspection reports. Many leaders News 6 spoke with…
A report from the Telegraph. "The message from American voters is clear: four years under Joe Biden and Kamala Harris have made them feel poorer, not richer. The backlash from voters against Biden and Harris’s record stands in stark contrast…
A report from KPNX in Arizona. "Halpern Residential Founder, Trevor Halpern, said in Phoenix, the local market is not experiencing the traditional presidential election real estate decline. Halpern said sellers need to price and prepare their homes correctly to attract…
A report from Realtor.com. "The pandemic sent the real estate market into overdrive before higher mortgage rates caused a virtual standstill. But now, the number of homes for sale is the highest since 2019, including in pandemic 'boomtowns.' The total…
A report from the Wall Street Journal. "Randy and Robin Landsman had been trying to sell their Manhattan penthouse for over a year when they turned to the auction market this summer. First listed for $12.2 million, their triplex in…
A report from Business Observer. "Laws require that all Florida condos more than 30 years old and taller than three stories undergo milestone inspections by Dec. 31, 2024. If we cling to the current infeasible time line and approach, the…
A report from WPEC. "Florida's condo crisis continues to worry homeowners. Despite the well-intentioned law to inspect and repair condo buildings, it’s become what many call a money pit for condo owners. The deadline for these inspections is Dec. 31,…
A report from the Palm Beach Post in Florida. "Condo units in older buildings are not selling. Special assessments, levied to undertake the repairs, have been as high as $200,000 per unit owner. Repair bills can run as much as…
A report from Realtor.com. "As more homes hit the market, sellers are being forced to make price reductions to compete. 'The percentage of homes with price reductions increased from 17.7% in September of last year to 18.6% this year,' says…