General News - Real Estate, Updates, News & Tips

Apartment Construction to Reach Record High

High homebuying costs continue to push consumers toward rentals, fueling a multifamily boom. But how long will it last?A record number of new apartments—more than half a million—are expected to hit the market by the end of the year as high rental demand continues to fuel a multifamily construction boom, according to a new report(link is external) from RentCafe. This would mark the third consecutive year that apartment construction r

Read More

Many Buyers Have Yet to Take Advantage of Lower Mortgage Rates

Borrowing costs have fallen to their lowest level in more than a year, but homebuying activity is only seeing small gains.Mortgage rates have fallen in recent weeks, but home buyers are showing restraint rather than rushing back into the housing market to snag a lower rate. ‘’The 30-year fixed-rate mortgage averaged 6.47% this week, Freddie Mac reports.Even as mortgage rates remain at their lowest level in more than a year, mortgage applicati

Read More

More Americans are Tapping Home Equity Credit Lines, NY Fed Says

Americans who want to tap the rising equity of their homes without giving up their low mortgage rates are increasingly turning to home equity lines of credit.After almost 13 years of declines, balances on home equity lines of credit, known as HELOCs, have begun to rebound, gaining 20% since bottoming out at the end of 2021, according to the Federal Reserve Bank of New York’s Quarterly Report on Household Debt and Credit released Tuesday.Meanwhi

Read More

Retail Space Availability has Reached its Lowest Point in Decades

As retailers push into new cities and brands lean hard into brick-and-mortar as a strategy, it has become incredibly difficult to find space for a new storefront.Financing constraints due to elevated interest rates as well as zoning and infrastructure restrictions in some jurisdictions have limited construction of retail developments, limiting the amount of space on the market. Retail construction completions are at their lowe

Read More

Renter Population Grows Three Times Faster than Homeowner Population

The number of renter households in America grew 1.9% year over year in the second quarter of 2024 to a record 45.2 million, according to a new report from Redfin. The annual growth rate is more than three times faster than the number of homeowner households, which grew 0.6% to a record 86.3 million.The number of renter households grew at the second-fastest pace since 2021, while the number of homeowner households grew at the slowest p

Read More

Mortgage Rates Fall to 5-Month Low

The Federal Reserve signals a possible rate cut could come in September. Could that cause rates to drop even lower?Home buyers and refinancers had the opportunity to lock in the lowest mortgage rates since early February this week, averaging 6.73%. Plus, the average mortgage rate is now lower than a year ago.The Federal Reserve also suggested this week that a possible cut to its key benchmark rate could take place this fall.That may prompt some p

Read More

Welcome Back Patricia Lininger Dealing Central FL

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.

Read More

Contract Signings Rise as More Listings Hit the Market

Despite mortgage rates near 7%, home buyers plow ahead with more options on the market. Read more from NAR’s latest housing report.Home buyers have more housing choices this summer, and home sellers may find stiffer competition on the market. Pending home sales rose nearly 5% in June as more house hunters went under contract for a home purchase. All four major regions of the U.S. posted monthly gains in transactions, according to the National A

Read More

3 Ways AI is Changing Proptech

AI is improving building design, operations and space planning. Here’s how.It’s no small wonder that AI has been quickly absorbed into proptech. Real estate and facilities management have always embraced tools that drive efficiency in the built environment. But it also means that property managers need to accelerate their digital strategy to keep pace.  “We are owners of concrete, steel and earth, but we have to transform into a tech b

Read More

Top Home Features Swaying Buyer Purchase Decisions

A new study suggests touting these property upgrades in your listing description to achieve a quicker sale.Vanity lighting, butcher block countertops and electric vehicle chargers are home features to rave about, according to a new study(link is external) from Frontdoor, a home maintenance company. Researchers honed in on about 100 trending home features and identified listings with these items to see if those homes tended to sell faste

Read More

This website includes images sourced from third party websites including Adobe, Getty Images, and as otherwise noted.